Baskin Financial Services Inc. Purchases Shares of 21,304 TransDigm Group Incorporated (NYSE:TDG)

Baskin Financial Services Inc. acquired a new position in shares of TransDigm Group Incorporated (NYSE:TDG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 21,304 shares of the aerospace company’s stock, valued at approximately $30,404,000. TransDigm Group makes up approximately 2.5% of Baskin Financial Services Inc.’s holdings, making the stock its 22nd biggest position.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in TransDigm Group by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock worth $7,447,587,000 after acquiring an additional 58,243 shares in the last quarter. Capital World Investors lifted its position in shares of TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock worth $4,354,369,000 after purchasing an additional 442,182 shares during the last quarter. Capital Research Global Investors grew its stake in shares of TransDigm Group by 1.6% during the first quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock worth $2,420,882,000 after purchasing an additional 30,393 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in TransDigm Group by 13.1% in the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after buying an additional 192,962 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in TransDigm Group by 2.6% in the second quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock valued at $467,282,000 after buying an additional 9,180 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TDG. Wells Fargo & Company lowered their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday. Morgan Stanley boosted their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Northcoast Research began coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating for the company. Finally, Truist Financial lifted their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,448.41.

Insider Buying and Selling

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,472 shares of company stock valued at $23,941,840 over the last ninety days. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

TransDigm Group stock traded down $4.58 during mid-day trading on Wednesday, reaching $1,385.94. 79,718 shares of the company were exchanged, compared to its average volume of 216,477. The firm’s 50-day simple moving average is $1,346.47 and its two-hundred day simple moving average is $1,300.60. TransDigm Group Incorporated has a twelve month low of $811.42 and a twelve month high of $1,451.32. The firm has a market cap of $77.55 billion, a PE ratio of 55.16, a price-to-earnings-growth ratio of 1.84 and a beta of 1.43.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the company earned $6.55 earnings per share. As a group, equities research analysts anticipate that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be paid a dividend of $75.00 per share. This is a positive change from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend is Friday, October 4th.

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.