Geneos Wealth Management Inc. Has $166,000 Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Geneos Wealth Management Inc. lessened its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 13.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131 shares of the aerospace company’s stock after selling 21 shares during the period. Geneos Wealth Management Inc.’s holdings in TransDigm Group were worth $166,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bennett Selby Investments LP grew its holdings in TransDigm Group by 50.8% in the 4th quarter. Bennett Selby Investments LP now owns 600 shares of the aerospace company’s stock valued at $760,000 after buying an additional 202 shares in the last quarter. Sachetta LLC grew its stake in shares of TransDigm Group by 105.9% in the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 18 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in TransDigm Group by 55.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,245 shares of the aerospace company’s stock worth $5,380,000 after acquiring an additional 1,511 shares during the period. Exchange Traded Concepts LLC raised its stake in TransDigm Group by 21.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 855 shares of the aerospace company’s stock worth $1,084,000 after purchasing an additional 153 shares in the last quarter. Finally, CX Institutional boosted its holdings in TransDigm Group by 5.4% in the 4th quarter. CX Institutional now owns 175 shares of the aerospace company’s stock valued at $222,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,525 shares of company stock worth $112,769,801. Insiders own 4.96% of the company’s stock.

TransDigm Group Stock Up 1.8 %

Shares of TDG opened at $1,363.11 on Friday. The stock has a market cap of $76.65 billion, a PE ratio of 53.25, a PEG ratio of 3.06 and a beta of 1.38. TransDigm Group Incorporated has a 12-month low of $1,086.37 and a 12-month high of $1,451.32. The business has a 50-day simple moving average of $1,284.27 and a two-hundred day simple moving average of $1,311.07.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TDG. KeyCorp raised their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Truist Financial lifted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Citigroup increased their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average price target of $1,455.00.

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.