Gabelli Funds LLC Has $1.58 Million Holdings in APi Group Co. (NYSE:APG)

Gabelli Funds LLC lifted its holdings in APi Group Co. (NYSE:APG - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,000 shares of the company's stock after purchasing an additional 8,000 shares during the quarter. Gabelli Funds LLC's holdings in APi Group were worth $1,583,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of APG. Blue Trust Inc. raised its stake in APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after purchasing an additional 386 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of APi Group in the 4th quarter valued at $34,000. First Horizon Advisors Inc. boosted 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 worth $43,000 after purchasing an additional 414 shares during the period. Strategic Financial Concepts LLC boosted its stake in shares of APi Group by 2,058.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock worth $82,000 after buying an additional 217,071 shares during the last quarter. Finally, R Squared Ltd bought a new position in APi Group during the fourth quarter worth about $85,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Robert W. Baird upped their target price on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Citigroup dropped their price target on APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, April 14th. UBS Group lowered 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. Truist Financial reaffirmed a "buy" rating and issued a $48.00 target price (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Finally, Barclays cut their target price on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, APi Group currently has a consensus rating of "Moderate Buy" and an average price target of $43.14.

APi Group Stock Up 2.4 %

Shares of APG traded up $0.87 during midday trading on Thursday, reaching $36.88. The stock had a trading volume of 293,505 shares, compared to its average volume of 1,652,479. 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 1-year low of $30.76 and a 1-year high of $41.31. The company's fifty day simple moving average is $36.45 and its two-hundred day simple moving average is $36.45. The company has a market cap of $10.19 billion, a price-to-earnings ratio of -18.73 and a beta of 1.55.

Insider Buying and Selling

In related news, Director James E. Lillie sold 50,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the transaction, the director now directly owns 1,046,203 shares in the company, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.00% of the stock is currently owned by insiders.

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.