APi Group Co. (NYSE:APG) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,839,486 shares of the company's stock after purchasing an additional 35,778 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.67% of APi Group worth $66,166,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Janus Henderson Group PLC increased its stake in APi Group by 19.2% during the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company's stock valued at $277,079,000 after purchasing an additional 1,351,013 shares in the last quarter. Geode Capital Management LLC increased its stake in APi Group by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company's stock valued at $123,217,000 after purchasing an additional 106,119 shares in the last quarter. State Street Corp increased its stake in APi Group by 3.7% during the 3rd quarter. State Street Corp now owns 3,723,241 shares of the company's stock valued at $122,941,000 after purchasing an additional 132,971 shares in the last quarter. GW&K Investment Management LLC increased its stake in APi Group by 19.7% during the 4th quarter. GW&K Investment Management LLC now owns 2,631,409 shares of the company's stock valued at $94,652,000 after purchasing an additional 432,926 shares in the last quarter. Finally, Swedbank AB boosted its holdings in shares of APi Group by 9.6% in the 4th quarter. Swedbank AB now owns 2,422,000 shares of the company's stock valued at $87,119,000 after acquiring an additional 213,000 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

APi Group Stock Performance

Shares of NYSE APG opened at $36.45 on Wednesday. The company's fifty day moving average price is $37.67 and its 200 day moving average price is $36.13. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $41.31. The company has a market capitalization of $10.12 billion, a PE ratio of -18.50 and a beta of 1.54. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

Analysts Set New Price Targets

Several research firms have recently commented on APG. UBS Group dropped their price objective 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. Citigroup dropped their price objective on shares of APi Group from $45.00 to $43.00 and set a "buy" rating on the stock in a report on Monday, January 13th. William Blair reaffirmed an "outperform" rating on shares of APi Group in a report on Thursday, December 5th. Truist Financial reaffirmed a "buy" rating and issued a $48.00 price objective (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Finally, Robert W. Baird upped their price objective on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $44.00.

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Insider Buying and Selling

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

About APi Group

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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