APi Group Co. (NYSE:APG) Shares Acquired by GW&K Investment Management LLC

GW&K Investment Management LLC grew its holdings in APi Group Co. (NYSE:APG - Free Report) by 19.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,631,409 shares of the company's stock after buying an additional 432,926 shares during the quarter. APi Group accounts for 0.8% of GW&K Investment Management LLC's investment portfolio, making the stock its 17th largest position. GW&K Investment Management LLC owned about 0.96% of APi Group worth $94,652,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. acquired a new stake in APi Group in the 3rd quarter worth about $26,000. Blue Trust Inc. boosted its stake 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 acquiring an additional 386 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in shares of APi Group during the third quarter worth approximately $33,000. ORG Wealth Partners LLC acquired a new position in APi Group in the 4th quarter valued at $34,000. Finally, Strategic Financial Concepts LLC lifted its holdings in APi Group by 2,058.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock valued at $82,000 after purchasing an additional 217,071 shares in the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on APG. Truist Financial reaffirmed a "buy" rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. UBS Group dropped their price objective on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. William Blair reissued an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. Robert W. Baird boosted their target price on APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Finally, Barclays increased their price target on APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $44.00.

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APi Group Trading Down 1.0 %

APG stock traded down $0.38 during midday trading on Tuesday, hitting $37.03. 3,702,492 shares of the company's stock were exchanged, compared to its average volume of 1,631,734. The business has a 50-day simple moving average of $37.64 and a two-hundred day simple moving average of $36.07. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $10.17 billion, a PE ratio of -18.79 and a beta of 1.55. APi Group Co. has a 1-year low of $31.44 and a 1-year high of $41.31.

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.