APi Group Co. (NYSE:APG) is M.D. Sass LLC's Largest Position

M.D. Sass LLC lessened its stake in APi Group Co. (NYSE:APG - Free Report) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,276,407 shares of the company's stock after selling 37,066 shares during the quarter. APi Group makes up approximately 6.2% of M.D. Sass LLC's portfolio, making the stock its biggest holding. M.D. Sass LLC owned 0.83% of APi Group worth $81,882,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Quest Partners LLC bought a new stake in APi Group in the 3rd quarter valued at about $216,000. Avior Wealth Management LLC bought a new stake in shares of APi Group in the third quarter valued at approximately $33,000. First Horizon Advisors Inc. bought a new stake in shares of APi Group in the third quarter valued at approximately $26,000. Cerity Partners LLC lifted its stake in shares of APi Group by 42.3% during the 3rd quarter. Cerity Partners LLC now owns 76,168 shares of the company's stock valued at $2,515,000 after buying an additional 22,652 shares in the last quarter. Finally, Algert Global LLC boosted its holdings in APi Group by 83.5% in 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 period. Hedge funds and other institutional investors own 86.62% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on APG shares. William Blair restated an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a report on Tuesday, January 14th. Barclays cut their target price on APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a research note on Wednesday. Truist Financial reiterated 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. Finally, Citigroup reduced their price objective on shares of APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, APi Group currently has an average rating of "Moderate Buy" and a consensus price target of $43.29.

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Insider Activity

In other news, Director James E. Lillie sold 50,000 shares of the company's 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 in the company, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 18.20% of the company's stock.

APi Group Price Performance

APG traded down $0.72 on Friday, reaching $35.99. The company had a trading volume of 1,159,496 shares, compared to its average volume of 1,675,946. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group Co. has a 52-week low of $31.44 and a 52-week high of $41.31. The company has a market cap of $9.99 billion, a price-to-earnings ratio of -18.27 and a beta of 1.54. The business has a 50 day simple moving average of $37.81 and a 200 day simple moving average of $36.38.

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.