Loomis Sayles & Co. L P Purchases 19,226 Shares of APi Group Co. (NYSE:APG)

Loomis Sayles & Co. L P lifted its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 555,019 shares of the company's stock after acquiring an additional 19,226 shares during the quarter. Loomis Sayles & Co. L P owned 0.20% of APi Group worth $19,964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of APG. Cerity Partners LLC increased its stake in shares of APi Group by 42.3% during the third quarter. Cerity Partners LLC now owns 76,168 shares of the company's stock worth $2,515,000 after buying an additional 22,652 shares during the period. Algert Global LLC lifted its holdings in APi Group by 83.5% during the 3rd quarter. Algert Global LLC now owns 36,266 shares of the company's stock worth $1,198,000 after buying an additional 16,500 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in APi Group by 21.2% in the third quarter. Daiwa Securities Group Inc. now owns 10,461 shares of the company's stock valued at $345,000 after acquiring an additional 1,831 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of APi Group during the third quarter worth about $5,514,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of APi Group by 0.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company's stock valued at $1,906,000 after purchasing an additional 450 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

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APi Group Price Performance

APi Group stock traded up $0.38 during midday trading on Wednesday, hitting $36.27. The company's stock had a trading volume of 315,910 shares, compared to its average volume of 1,674,003. APi Group Co. has a 12 month low of $31.44 and a 12 month high of $41.31. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The stock's 50-day moving average price is $37.72 and its 200-day moving average price is $36.42. The company has a market capitalization of $10.07 billion, a PE ratio of -18.43 and a beta of 1.54.

Insider Activity at APi Group

In related news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction on 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 18.20% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on APG shares. William Blair reaffirmed an "outperform" rating on shares of APi Group in a report on Thursday, December 5th. UBS Group lowered their target price on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Barclays cut their price objective on APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Citigroup lowered their target price 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. Finally, Truist Financial reissued a "buy" rating and set a $48.00 price target (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.29.

About APi Group

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.