Charles Schwab Investment Management Inc. Buys 12,147 Shares of TransDigm Group Incorporated (NYSE:TDG)

Charles Schwab Investment Management Inc. raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 3.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 350,253 shares of the aerospace company’s stock after buying an additional 12,147 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in TransDigm Group were worth $443,869,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. First Personal Financial Services purchased a new position in shares of TransDigm Group in the 3rd quarter worth approximately $29,000. Erste Asset Management GmbH acquired a new stake in TransDigm Group in the third quarter valued at approximately $29,000. Capital Advisors Ltd. LLC grew its holdings in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 16 shares during the last quarter. Trust Co. of Vermont increased its position in shares of TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of TransDigm Group by 225.0% during 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 institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TDG shares. Barclays restated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Citigroup upped their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Truist Financial increased their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Six 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 has an average rating of “Moderate Buy” and an average price target of $1,472.47.

TransDigm Group Stock Performance

NYSE TDG opened at $1,347.60 on Wednesday. The firm has a market capitalization of $75.58 billion, a P/E ratio of 47.53, a PEG ratio of 2.76 and a beta of 1.40. The stock has a 50-day simple moving average of $1,316.62 and a two-hundred day simple moving average of $1,325.91. TransDigm Group Incorporated has a fifty-two week low of $1,136.27 and a fifty-two week high of $1,451.32.

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

About TransDigm Group

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.