Commerzbank Aktiengesellschaft FI Purchases 227 Shares of TransDigm Group Incorporated (NYSE:TDG)

Commerzbank Aktiengesellschaft FI boosted its position in TransDigm Group Incorporated (NYSE:TDG) by 49.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 684 shares of the aerospace company’s stock after purchasing an additional 227 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in TransDigm Group were worth $876,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TDG. Charles Schwab Investment Management Inc. increased its holdings in shares of TransDigm Group by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 350,253 shares of the aerospace company’s stock valued at $443,869,000 after acquiring an additional 12,147 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of TransDigm Group by 3.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,837 shares of the aerospace company’s stock valued at $9,931,000 after acquiring an additional 251 shares in the last quarter. Schechter Investment Advisors LLC increased its holdings in shares of TransDigm Group by 26.6% during the fourth quarter. Schechter Investment Advisors LLC now owns 443 shares of the aerospace company’s stock valued at $561,000 after acquiring an additional 93 shares in the last quarter. Fidelis Capital Partners LLC increased its holdings in shares of TransDigm Group by 5.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 919 shares of the aerospace company’s stock valued at $1,243,000 after acquiring an additional 51 shares in the last quarter. Finally, Plato Investment Management Ltd increased its holdings in shares of TransDigm Group by 18.0% during the fourth quarter. Plato Investment Management Ltd now owns 1,160 shares of the aerospace company’s stock valued at $1,475,000 after acquiring an additional 177 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Stock Performance

Shares of TDG opened at $1,347.60 on Wednesday. The stock has a 50-day simple moving average of $1,316.62 and a 200-day simple moving average of $1,325.91. The stock has a market capitalization of $75.58 billion, a PE ratio of 47.53, a PEG ratio of 2.76 and a beta of 1.40. TransDigm Group Incorporated has a 1 year low of $1,136.27 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the company earned $7.16 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. Analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,762,872. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a report on Monday, February 24th. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Barclays restated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial upped their target price on 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. Finally, Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

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.