Capital Investment Services of America Inc. Has $11.65 Million Stake in APi Group Co. (NYSE:APG)

Capital Investment Services of America Inc. raised its stake in APi Group Co. (NYSE:APG - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 323,762 shares of the company's stock after buying an additional 22,690 shares during the quarter. Capital Investment Services of America Inc. owned about 0.12% of APi Group worth $11,646,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. First Horizon Advisors Inc. bought a new stake in APi Group in the 3rd quarter valued at approximately $26,000. Blue Trust Inc. lifted its position in shares of APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock worth $27,000 after purchasing an additional 386 shares in the last quarter. Avior Wealth Management LLC acquired a new position in APi Group during the third quarter worth $33,000. ORG Wealth Partners LLC bought a new position in APi Group in the fourth quarter valued at $34,000. Finally, R Squared Ltd bought a new position in APi Group in the fourth quarter valued at $85,000. Institutional investors and hedge funds own 86.62% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on APG. Royal Bank of Canada upgraded 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 research note on Tuesday, January 14th. William Blair reaffirmed an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. Truist Financial initiated coverage on APi Group in a report on Wednesday, January 22nd. They issued a "buy" rating and a $45.00 price objective for the company. Barclays boosted their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Finally, Citigroup cut their price target on shares of APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.38.

APi Group Stock Performance

APi Group stock traded down $0.14 during trading hours on Friday, hitting $38.50. The company had a trading volume of 1,132,406 shares, compared to its average volume of 984,766. APi Group Co. has a one year low of $31.44 and a one year high of $40.89. The firm has a market cap of $10.58 billion, a PE ratio of -19.54 and a beta of 1.55. The firm has a 50-day moving average of $37.40 and a 200 day moving average of $35.63. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

Insider Buying and Selling

In other APi Group news, Director James E. Lillie sold 11,568 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the sale, the director now owns 1,134,635 shares of the company's stock, valued at $41,958,802.30. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the transaction, the director now owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by insiders.

APi Group Company 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.