Envestnet Asset Management Inc. boosted its holdings in APi Group Co. (NYSE:APG - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 494,094 shares of the company's stock after acquiring an additional 85,831 shares during the period. Envestnet Asset Management Inc. owned 0.18% of APi Group worth $17,773,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in shares of APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after purchasing an additional 386 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of APi Group during the 4th quarter worth approximately $34,000. First Horizon Advisors Inc. lifted its stake in APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock valued at $43,000 after buying an additional 414 shares in the last quarter. R Squared Ltd purchased a new stake in APi Group in the 4th quarter valued at approximately $85,000. Finally, Principal Securities Inc. grew its holdings in APi Group by 28.1% during the 4th quarter. Principal Securities Inc. now owns 2,611 shares of the company's stock valued at $94,000 after buying an additional 573 shares during the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.
APi Group Trading Up 1.2 %
APG stock traded up $0.43 during trading on Friday, reaching $34.85. 1,191,434 shares of the stock traded hands, compared to its average volume of 1,661,626. The business's 50 day moving average price is $36.61 and its 200-day moving average price is $36.45. The firm has a market capitalization of $9.63 billion, a PE ratio of -17.69 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group Co. has a 52-week low of $30.76 and a 52-week high of $41.31.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Robert W. Baird boosted their price target on APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Truist Financial restated a "buy" rating and issued a $48.00 target price (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Royal Bank of Canada upgraded shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target for the company in a report on Tuesday, January 14th. Citigroup decreased their target price on shares of APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, UBS Group reduced their price target 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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.14.
View Our Latest Stock Report on APi Group
Insider Transactions at APi Group
In other APi Group news, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction that occurred 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 directly owns 1,046,203 shares in the company, valued at $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 17.00% of the company's stock.
About APi Group
(
Free Report)
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.
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