Artisan Partners Limited Partnership Buys Shares of 3,486,421 APi Group Co. (NYSE:APG)

Artisan Partners Limited Partnership acquired a new position in APi Group Co. (NYSE:APG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,486,421 shares of the company's stock, valued at approximately $125,407,000. Artisan Partners Limited Partnership owned 1.27% of APi Group at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of APG. Blue Trust Inc. grew its position in shares of APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company's stock worth $27,000 after buying an additional 386 shares during the period. ORG Wealth Partners LLC bought a new stake in APi Group during the fourth quarter worth about $34,000. First Horizon Advisors Inc. grew its holdings in APi Group by 53.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock worth $43,000 after purchasing an additional 414 shares during the period. Strategic Financial Concepts LLC increased its stake in shares of APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock valued at $82,000 after purchasing an additional 217,071 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of APi Group during the fourth quarter valued at approximately $85,000. 86.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

APG has been the subject of a number of analyst reports. William Blair reaffirmed an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. Barclays reduced their price target on APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Citigroup cut their price objective on shares of APi Group from $45.00 to $43.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada raised shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price for the company in a report on Tuesday, January 14th. Finally, UBS Group cut their price target on shares of APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $43.29.

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APi Group Stock Performance

APG traded up $0.11 during midday trading on Tuesday, hitting $35.87. 1,432,792 shares of the company traded hands, compared to its average volume of 1,679,321. The company's 50-day moving average is $37.72 and its 200 day moving average is $36.42. APi Group Co. has a 52 week low of $31.44 and a 52 week high of $41.31. The firm has a market capitalization of $9.95 billion, a PE ratio of -18.21 and a beta of 1.54. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

Insider Activity at APi Group

In related news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 18.20% of the stock is owned by insiders.

APi Group Company Profile

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.