AdvisorNet Financial Inc Lowers Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

AdvisorNet Financial Inc lowered its position in TransDigm Group Incorporated (NYSE:TDG) by 20.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 823 shares of the aerospace company’s stock after selling 216 shares during the period. AdvisorNet Financial Inc’s holdings in TransDigm Group were worth $1,043,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Personal Financial Services bought a new position in shares of TransDigm Group in the third quarter worth about $29,000. Erste Asset Management GmbH bought a new position in TransDigm Group in the 3rd quarter worth approximately $29,000. Versant Capital Management Inc grew its holdings in 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 buying an additional 18 shares in the last quarter. DT Investment Partners LLC raised its position in shares of TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in shares of TransDigm Group in the second quarter worth $41,000. 95.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Truist Financial lifted their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday. KeyCorp boosted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and cut their price target for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Citigroup increased their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,455.00.

Insider Activity

In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the sale, the director now directly owns 567,323 shares of the company’s stock, valued at $708,461,615.94. The trade was a 6.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,053 shares of company stock valued at $76,252,495. 4.96% of the stock is currently owned by insiders.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,299.11 on Wednesday. The firm has a market capitalization of $73.05 billion, a P/E ratio of 50.75, a price-to-earnings-growth ratio of 2.89 and a beta of 1.38. TransDigm Group Incorporated has a 1-year low of $1,017.80 and a 1-year high of $1,451.32. The company’s 50-day moving average is $1,279.71 and its 200 day moving average is $1,306.06.

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.