Allspring Global Investments Holdings LLC decreased its position in shares of APi Group Co. (NYSE:APG - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,544,458 shares of the company's stock after selling 356,838 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 2.38% of APi Group worth $235,144,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of APG. First Horizon Advisors Inc. acquired a new position in APi Group in the third quarter valued at about $26,000. Blue Trust Inc. lifted its position in APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after buying an additional 386 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in APi Group in the fourth quarter valued at about $34,000. Avior Wealth Management LLC acquired a new position in APi Group in the third quarter valued at about $33,000. Finally, R Squared Ltd acquired a new position in APi Group in the fourth quarter valued at about $85,000. Institutional investors and hedge funds own 86.62% of the company's stock.
APi Group Stock Up 0.1 %
Shares of APG stock traded up $0.06 during trading hours on Friday, reaching $37.53. 827,947 shares of the stock were exchanged, compared to its average volume of 984,766. The business's fifty day moving average is $37.37 and its two-hundred day moving average is $35.68. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group Co. has a 12-month low of $31.44 and a 12-month high of $40.89. The firm has a market capitalization of $10.31 billion, a P/E ratio of -19.05 and a beta of 1.55.
Analyst Upgrades and Downgrades
A number of research analysts have commented on APG shares. Citigroup decreased their target price 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. Truist Financial assumed coverage on shares of APi Group in a research note on Wednesday, January 22nd. They set a "buy" rating and a $45.00 price target on the stock. Barclays boosted their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. William Blair reiterated an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. Finally, Robert W. Baird boosted their price target on shares of APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, APi Group has a consensus rating of "Moderate Buy" and a consensus price target of $43.38.
Read Our Latest Analysis on APG
About APi Group
(
Free Report)
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.
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