APi Group Co. (NYSE:APG) Stock Holdings Lowered by Fisher Asset Management LLC

Fisher Asset Management LLC cut its position in APi Group Co. (NYSE:APG - Free Report) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,276,235 shares of the company's stock after selling 20,534 shares during the quarter. Fisher Asset Management LLC owned 0.46% of APi Group worth $45,906,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in APG. Janus Henderson Group PLC lifted its holdings in APi Group by 19.2% in the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company's stock worth $277,079,000 after buying an additional 1,351,013 shares in the last quarter. Geode Capital Management LLC increased its position in shares of APi Group by 2.9% during the third quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company's stock worth $123,217,000 after acquiring an additional 106,119 shares during the last quarter. State Street Corp lifted its stake in shares of APi Group by 3.7% in the third quarter. State Street Corp now owns 3,723,241 shares of the company's stock worth $122,941,000 after acquiring an additional 132,971 shares in the last quarter. GW&K Investment Management LLC boosted its holdings in APi Group by 19.7% in the fourth 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 during the last quarter. Finally, Swedbank AB grew its stake in APi Group by 9.6% during the 4th quarter. Swedbank AB now owns 2,422,000 shares of the company's stock valued at $87,119,000 after purchasing an additional 213,000 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, Director James E. Lillie sold 50,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction 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. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group cut their target price on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. William Blair reaffirmed an "outperform" rating on shares of APi Group in a report on Thursday, December 5th. Royal Bank of Canada raised shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a report on Tuesday, January 14th. Truist Financial reissued a "buy" rating and issued a $48.00 target price (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Finally, Robert W. Baird increased their price target on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $44.00.

APi Group Stock Performance

Shares of NYSE:APG traded down $1.17 on Thursday, reaching $35.96. 759,808 shares of the company's stock were exchanged, compared to its average volume of 1,500,154. APi Group Co. has a fifty-two week low of $31.44 and a fifty-two week high of $41.31. The business's 50-day moving average is $37.66 and its two-hundred day moving average is $36.09. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $9.98 billion, a price-to-earnings ratio of -18.25 and a beta of 1.54.

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.