APi Group Co. (NYSE:APG) Shares Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. boosted its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 164.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,947 shares of the company's stock after purchasing an additional 17,983 shares during the quarter. Bridges Investment Management Inc.'s holdings in APi Group were worth $1,041,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in APG. Janus Henderson Group PLC raised its holdings in shares of 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 raised its holdings in shares of APi Group by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company's stock worth $123,217,000 after buying an additional 106,119 shares in the last quarter. State Street Corp raised its holdings in shares of APi Group by 3.7% in the 3rd quarter. State Street Corp now owns 3,723,241 shares of the company's stock worth $122,941,000 after buying an additional 132,971 shares in the last quarter. GW&K Investment Management LLC raised its holdings in shares of APi Group by 19.7% in the 4th quarter. GW&K Investment Management LLC now owns 2,631,409 shares of the company's stock worth $94,652,000 after buying an additional 432,926 shares in the last quarter. Finally, Swedbank AB raised 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 worth $87,119,000 after buying an additional 213,000 shares in the last quarter. Institutional investors own 86.62% of the company's stock.

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APi Group Trading Down 2.6 %

Shares of APG traded down $0.97 during mid-day trading on Thursday, reaching $36.16. 830,574 shares of the company's stock traded hands, compared to its average volume of 1,616,874. The stock's 50-day moving average is $37.66 and its two-hundred day moving average is $36.09. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The stock has a market cap of $10.04 billion, a P/E ratio of -18.33 and a beta of 1.54. APi Group Co. has a 12 month low of $31.44 and a 12 month high of $41.31.

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 completion of the sale, the director now owns 1,046,203 shares in the company, valued at $39,724,327.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 18.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on APG. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a research report on Tuesday, January 14th. Truist Financial restated a "buy" rating and set a $48.00 price objective (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. UBS Group lowered their price objective on shares of APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. William Blair restated an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. Finally, Robert W. Baird upped their price target on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, APi Group has an average rating of "Moderate Buy" and an average target price of $44.00.

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.