APi Group Co. (NYSE:APG) Position Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund cut its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,165 shares of the company's stock after selling 6,500 shares during the quarter. New York State Common Retirement Fund's holdings in APi Group were worth $3,351,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James & Associates grew its position in APi Group by 20.2% in the third quarter. Raymond James & Associates now owns 173,774 shares of the company's stock valued at $5,738,000 after acquiring an additional 29,175 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in APi Group by 1.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 72,493 shares of the company's stock valued at $2,394,000 after acquiring an additional 1,095 shares in the last quarter. Capital Investment Services of America Inc. bought a new position in shares of APi Group during the third quarter valued at about $9,941,000. River Road Asset Management LLC boosted its holdings in shares of APi Group by 42.9% in the 3rd quarter. River Road Asset Management LLC now owns 243,951 shares of the company's stock worth $8,055,000 after buying an additional 73,272 shares during the last quarter. Finally, Equitable Trust Co. grew its stake in shares of APi Group by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 20,325 shares of the company's stock worth $671,000 after acquiring an additional 446 shares during the period. 86.62% of the stock is owned by institutional investors.

Remove Ads

APi Group Stock Performance

Shares of NYSE APG traded up $0.03 during trading on Tuesday, reaching $37.43. The stock had a trading volume of 1,801,834 shares, compared to its average volume of 1,624,481. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group Co. has a one year low of $31.44 and a one year high of $41.31. The firm's 50 day moving average price is $37.64 and its two-hundred day moving average price is $36.07. The stock has a market cap of $10.29 billion, a PE ratio of -18.98 and a beta of 1.55.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. 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 report on Thursday, February 27th. William Blair reaffirmed an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. Citigroup reduced their target price 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. UBS Group reduced their target price on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Finally, 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 on the stock in a report on Tuesday, January 14th. 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $44.00.

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.