Argent Capital Management LLC Sells 1,332 Shares of TransDigm Group Incorporated (NYSE:TDG)

Argent Capital Management LLC reduced its holdings in TransDigm Group Incorporated (NYSE:TDG) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,408 shares of the aerospace company’s stock after selling 1,332 shares during the period. TransDigm Group makes up about 2.1% of Argent Capital Management LLC’s investment portfolio, making the stock its 19th largest position. Argent Capital Management LLC owned about 0.10% of TransDigm Group worth $74,020,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TDG. First Personal Financial Services acquired a new position in TransDigm Group in the third quarter worth $29,000. Erste Asset Management GmbH acquired a new position in TransDigm Group in the third quarter valued at about $29,000. Versant Capital Management Inc lifted its stake in TransDigm Group by 225.0% in the fourth 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 during the period. DT Investment Partners LLC lifted its stake in TransDigm Group by 68.8% in 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 period. Finally, Hershey Financial Advisers LLC bought a new stake in shares of TransDigm Group in the second quarter worth about $41,000. 95.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Truist Financial increased their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Wells Fargo & Company dropped their price target on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Finally, Citigroup lifted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,455.00.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,337,899.18. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,525 shares of company stock valued at $108,692,621 in the last ninety days. 4.96% of the stock is currently owned by corporate insiders.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,292.62 on Thursday. TransDigm Group Incorporated has a 1 year low of $1,017.80 and a 1 year high of $1,451.32. The company has a market cap of $72.68 billion, a PE ratio of 50.49, a P/E/G ratio of 2.84 and a beta of 1.38. The stock’s 50-day moving average is $1,279.71 and its 200 day moving average is $1,306.06.

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.