Banco Santander S.A. Grows Position in TransDigm Group Incorporated (NYSE:TDG)

Banco Santander S.A. increased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 75.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,671 shares of the aerospace company’s stock after buying an additional 716 shares during the quarter. Banco Santander S.A.’s holdings in TransDigm Group were worth $2,118,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Personal Financial Services purchased a new position in shares of TransDigm Group in the 3rd quarter valued at approximately $29,000. Erste Asset Management GmbH purchased a new position in shares of TransDigm Group in the 3rd quarter valued at approximately $29,000. Capital Advisors Ltd. LLC grew its stake in shares of TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 16 shares during the last quarter. Trust Co. of Vermont grew its stake in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 15 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 18 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $28,355,659.64. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,647 shares of company stock valued at $155,847,223 over the last quarter. Company insiders own 4.09% of the company’s stock.

TransDigm Group Stock Down 0.4 %

NYSE TDG opened at $1,339.77 on Monday. TransDigm Group Incorporated has a fifty-two week low of $1,136.27 and a fifty-two week high of $1,451.32. The stock has a market cap of $75.14 billion, a price-to-earnings ratio of 47.26, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The business has a fifty day moving average of $1,319.94 and a 200-day moving average of $1,326.81.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the firm posted $7.16 earnings per share. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TDG. Citigroup lifted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research note on Monday, February 24th. Finally, Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.