Banco Santander S.A. Has $1.02 Million Holdings in TransDigm Group Incorporated (NYSE:TDG)

Banco Santander S.A. lessened its holdings in TransDigm Group Incorporated (NYSE:TDG) by 65.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 827 shares of the aerospace company’s stock after selling 1,536 shares during the period. Banco Santander S.A.’s holdings in TransDigm Group were worth $1,019,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TDG. Dynamic Advisor Solutions LLC acquired a new stake in shares of TransDigm Group in the 4th quarter worth about $883,000. Raymond James Trust N.A. increased its stake in TransDigm Group by 2.6% in the 4th quarter. Raymond James Trust N.A. now owns 2,220 shares of the aerospace company’s stock valued at $2,246,000 after buying an additional 56 shares during the last quarter. Fortress Wealth Group LLC increased its stake in TransDigm Group by 17.4% in the 4th quarter. Fortress Wealth Group LLC now owns 391 shares of the aerospace company’s stock valued at $390,000 after buying an additional 58 shares during the last quarter. Bay Rivers Group purchased a new stake in TransDigm Group in the 4th quarter valued at about $263,000. Finally, Mezzasalma Advisors LLC purchased a new stake in TransDigm Group in the 4th quarter valued at about $280,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on TDG. Wells Fargo & Company increased their price objective on shares of TransDigm Group from $1,260.00 to $1,390.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Thursday, June 27th. KeyCorp increased their price objective on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Barclays increased their price target on TransDigm Group from $1,250.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Monday, May 13th. Finally, UBS Group increased their target price on shares of TransDigm Group from $1,403.00 to $1,466.00 and gave the stock a “neutral” rating in a research report on Monday, July 1st. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,417.69.

TransDigm Group Trading Down 0.6 %

Shares of TransDigm Group stock traded down $7.85 on Friday, hitting $1,238.07. 168,121 shares of the company traded hands, compared to its average volume of 287,288. The firm’s 50-day simple moving average is $1,300.92 and its 200 day simple moving average is $1,213.21. The company has a market cap of $69.28 billion, a P/E ratio of 49.11, a P/E/G ratio of 2.07 and a beta of 1.38. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,369.57.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, beating the consensus estimate of $7.42 by $0.57. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the company posted $5.39 EPS. Analysts predict that TransDigm Group Incorporated will post 30.21 earnings per share for the current year.

Insider Activity at TransDigm Group

In related news, insider Jessica L. Warren sold 925 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the transaction, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the sale, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 197 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total transaction of $259,673.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 105,905 shares of company stock valued at $137,900,519. Insiders own 4.96% of the company’s stock.

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.