Darsana Capital Partners LP Invests $210.81 Million in TransDigm Group Incorporated (NYSE:TDG)

Darsana Capital Partners LP bought a new stake in TransDigm Group Incorporated (NYSE:TDG) during the second quarter, Holdings Channel reports. The fund bought 165,000 shares of the aerospace company’s stock, valued at approximately $210,806,000. TransDigm Group comprises about 5.8% of Darsana Capital Partners LP’s investment portfolio, making the stock its 11th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the company. APG Asset Management N.V. boosted its stake in shares of TransDigm Group by 2.0% in the second quarter. APG Asset Management N.V. now owns 144,536 shares of the aerospace company’s stock valued at $172,298,000 after purchasing an additional 2,785 shares during the period. AQR Capital Management LLC lifted its holdings in shares of TransDigm Group by 8.5% in the 2nd quarter. AQR Capital Management LLC now owns 29,359 shares of the aerospace company’s stock worth $37,510,000 after purchasing an additional 2,289 shares during the last quarter. Alpha DNA Investment Management LLC bought a new stake in TransDigm Group in the 2nd quarter valued at about $313,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in TransDigm Group in the 2nd quarter valued at about $851,000. Finally, Point72 Hong Kong Ltd bought a new position in TransDigm Group in the 2nd quarter worth about $16,940,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,019,981.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at $29,659,098.16. The disclosure for this sale can be found here. Insiders have sold 36,545 shares of company stock worth $46,454,828 in the last 90 days. Company insiders own 4.96% of the company’s stock.

Analyst Upgrades and Downgrades

TDG has been the topic of several analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Wednesday, August 7th. Northcoast Research began coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating on the stock. Susquehanna upped their price objective on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Jefferies Financial Group dropped their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, UBS Group decreased their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group presently has an average rating of “Moderate Buy” and an average target price of $1,438.24.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,424.06 on Thursday. The company has a market cap of $79.90 billion, a P/E ratio of 56.49, a price-to-earnings-growth ratio of 2.23 and a beta of 1.42. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,433.03. The firm’s 50 day simple moving average is $1,300.33 and its 200-day simple moving average is $1,280.03.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.77 by $1.23. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company’s revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the business earned $6.55 EPS. On average, analysts expect that TransDigm Group Incorporated will post 30.7 EPS for the current fiscal year.

TransDigm Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be paid a dividend of $75.00 per share. The ex-dividend date of this dividend is Friday, October 4th. This is a boost from TransDigm Group’s previous dividend of $32.50.

TransDigm Group 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.