Catalyst Funds Management Pty Ltd Has $824,000 Stock Holdings in APi Group Co. (NYSE:APG)

Catalyst Funds Management Pty Ltd raised its holdings in APi Group Co. (NYSE:APG - Free Report) by 940.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,900 shares of the company's stock after purchasing an additional 20,700 shares during the quarter. Catalyst Funds Management Pty Ltd's holdings in APi Group were worth $824,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Janus Henderson Group PLC lifted its stake 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 valued at $277,079,000 after acquiring an additional 1,351,013 shares during the last quarter. Cooke & Bieler LP lifted its stake in shares of APi Group by 3.4% in the 4th quarter. Cooke & Bieler LP now owns 4,020,768 shares of the company's stock valued at $144,627,000 after acquiring an additional 132,713 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 valued at $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 3rd quarter. State Street Corp now owns 3,723,241 shares of the company's stock valued at $122,941,000 after acquiring an additional 132,971 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its stake 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 valued at $94,652,000 after acquiring an additional 432,926 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

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Insider Transactions at APi Group

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction dated 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. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 18.20% of the company's stock.

APi Group Trading Up 1.9 %

Shares of APG stock traded up $0.71 during mid-day trading on Wednesday, hitting $37.81. The company's stock had a trading volume of 930,107 shares, compared to its average volume of 1,633,288. The company's fifty day simple moving average is $37.71 and its 200-day simple moving average is $36.18. APi Group Co. has a 52 week low of $31.44 and a 52 week high of $41.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The company has a market cap of $10.49 billion, a PE ratio of -19.19 and a beta of 1.54.

Wall Street Analyst Weigh In

APG has been the subject of a number of research reports. Robert W. Baird increased their price target on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Citigroup dropped their price target on APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a research note on Monday, January 13th. UBS Group lowered their target price on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price for the company in a research report on Tuesday, January 14th. Finally, Truist Financial reaffirmed a "buy" rating and set a $48.00 target price (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.