Natixis Advisors LLC Boosts Holdings in APi Group Co. (NYSE:APG)

Natixis Advisors LLC grew its stake in APi Group Co. (NYSE:APG - Free Report) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 254,303 shares of the company's stock after acquiring an additional 13,686 shares during the quarter. Natixis Advisors LLC owned 0.09% of APi Group worth $9,147,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of APG. Atria Investments Inc boosted its stake in APi Group by 7.2% in the 3rd quarter. Atria Investments Inc now owns 12,672 shares of the company's stock worth $418,000 after purchasing an additional 849 shares in the last quarter. KBC Group NV lifted its stake in APi Group by 14.8% during the 3rd quarter. KBC Group NV now owns 5,601 shares of the company's stock valued at $185,000 after acquiring an additional 721 shares during the period. OneDigital Investment Advisors LLC lifted its position in APi Group by 23.3% during the third quarter. OneDigital Investment Advisors LLC now owns 7,516 shares of the company's stock valued at $248,000 after purchasing an additional 1,421 shares during the period. Swiss National Bank boosted its stake in shares of APi Group by 4.0% in the 3rd quarter. Swiss National Bank now owns 401,500 shares of the company's stock worth $13,258,000 after buying an additional 15,600 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of APi Group during the 3rd quarter valued at about $216,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director James E. Lillie sold 50,000 shares of the business's 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 transaction, the director now directly owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 18.20% of the company's stock.

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APi Group Stock Down 1.2 %

Shares of APi Group stock traded down $0.48 during trading on Tuesday, hitting $37.92. 883,363 shares of the stock traded hands, compared to its average volume of 1,636,548. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock's fifty day simple moving average is $37.85 and its 200 day simple moving average is $36.29. The firm has a market cap of $10.52 billion, a P/E ratio of -19.25 and a beta of 1.54. APi Group Co. has a 52-week low of $31.44 and a 52-week high of $41.31.

Wall Street Analysts Forecast Growth

APG has been the topic of several analyst reports. Truist Financial restated a "buy" rating and issued a $48.00 price target (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. William Blair restated an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target for the company in a report on Tuesday, January 14th. Robert W. Baird boosted their target price on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Finally, Citigroup decreased their price target on APi Group from $45.00 to $43.00 and set a "buy" rating on the stock in a report on Monday, January 13th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.43.

APi Group 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.