Avantra Family Wealth Inc. Invests $266,000 in TransDigm Group Incorporated

Avantra Family Wealth Inc. has made a noteworthy investment by acquiring a new position in TransDigm Group Incorporated (NYSE:TDG). According to its latest filing with the Securities and Exchange Commission (SEC), the firm purchased 210 shares of the aerospace company during the fourth quarter, which is valued at approximately $266,000.

Several other institutional investors and hedge funds have also adjusted their holdings in TransDigm Group. For example, Spire Wealth Management increased its stake by 0.8% in the fourth quarter, now owning 5,575 shares worth $7,065,000 after adding 43 shares. Tokio Marine Asset Management Co. Ltd. raised its stake by 6.3%, now holding 1,685 shares valued at $2,135,000, having bought 100 additional shares. Moreover, Western Financial Corp CA added to its position by 0.6%, acquiring 1,501 shares worth $1,902,000 after a purchase of 9 shares. Caprock Group LLC expanded its holdings by 5.7%, owning 2,488 shares valued at $3,153,000 after acquiring 134 more. Finally, Strategic Wealth Investment Group LLC increased its position by 2.9%, now owning 733 shares valued at $929,000 after buying 21 shares in the last quarter. Notably, institutional investors own approximately 95.78% of TransDigm's stock.

Insider Transactions

In related news, the company has seen some insider trading activity. COO Joel Reiss sold 3,000 shares on January 21 at an average price of $1,359.06, totaling $4,077,180. Following this transaction, Reiss holds 3,600 shares valued at around $4,892,616, marking a 45.45% decrease in his ownership. This sale was reported in a document filed with the SEC. Additionally, Director Robert J. Small sold 38,053 shares on December 12 at an average price of $1,248.78, bringing in $47,519,825.34. After this sale, Small holds 567,323 shares valued at about $708,461,615.94, reflecting a 6.29% decrease in his ownership. In total, insiders sold 89,525 shares valued at $112,769,801 over the past 90 days, with corporate insiders owning approximately 4.96% of the company’s stock.

Current Stock Performance

As of the latest market session, TransDigm Group stock is down 0.9%. The stock opened at $1,352.43, with a market capitalization of $75.79 billion. TransDigm has a price-to-earnings (P/E) ratio of 52.83 and a price-to-earnings growth (P/E/G) ratio of 3.03, alongside a beta of 1.38. Over the past year, the company’s shares have fluctuated, hitting a low of $1,086.37 and a high of $1,451.32. The stock's 50-day moving average price is $1,288.57, while the 200-day moving average price stands at $1,312.42.

Analyst Insights

Recently, several analysts have weighed in on TransDigm shares. StockNews.com upgraded the company from a "hold" to a "buy" rating on January 8. Truist Financial raised its price target from $1,482.00 to $1,534.00 while maintaining a "buy" rating. In another report, JPMorgan Chase & Co. increased its price target from $1,435.00 to $1,555.00, giving it a "neutral" rating. KeyCorp also raised its price objective from $1,440.00 to $1,500.00, labeling it as "overweight." However, Wells Fargo & Company lowered its price target from $1,500.00 to $1,375.00, assigning an "equal weight" rating. Currently, the stock holds an average rating of "Moderate Buy" across eight analysts for holds and eleven buy ratings, with an average target price of $1,455.00.

Company Overview

TransDigm Group Incorporated primarily focuses on the design, production, and supply of aircraft components both in the United States and internationally. Its Power & Control segment offers a range of products, including mechanical/electro-mechanical actuators and controls, ignition systems, various pumps and valves, power conditioning devices, specialized motors and generators, batteries, sensor products, switches, and other critical aircraft systems.

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