M&T Bank Corp Has $4.19 Million Stock Holdings in APi Group Co. (NYSE:APG)

M&T Bank Corp boosted its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,438 shares of the company's stock after buying an additional 10,107 shares during the quarter. M&T Bank Corp's holdings in APi Group were worth $4,188,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Janus Henderson Group PLC lifted its stake in shares of APi Group by 19.2% during the third quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company's stock valued at $277,079,000 after buying an additional 1,351,013 shares during the period. Geode Capital Management LLC grew its holdings in APi Group by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company's stock worth $123,217,000 after acquiring an additional 106,119 shares in the last quarter. State Street Corp lifted its position in shares of APi Group by 3.7% in the 3rd quarter. State Street Corp now owns 3,723,241 shares of the company's stock worth $122,941,000 after buying an additional 132,971 shares during the last quarter. GW&K Investment Management LLC lifted its position in APi Group by 19.7% in the 4th quarter. GW&K Investment Management LLC now owns 2,631,409 shares of the company's stock valued at $94,652,000 after purchasing an additional 432,926 shares during the last quarter. Finally, Swedbank AB lifted its position in APi Group by 9.6% in the 4th quarter. Swedbank AB now owns 2,422,000 shares of the company's stock valued at $87,119,000 after purchasing an additional 213,000 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on APG shares. Citigroup lowered their price objective on shares of APi Group from $45.00 to $43.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. UBS Group reduced their target price 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. Robert W. Baird boosted their price objective on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. 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 research report on Thursday, February 27th. Finally, William Blair reissued an "outperform" rating on shares of APi Group in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, APi Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.00.

APi Group Trading Up 0.6 %

Shares of NYSE:APG traded up $0.22 during mid-day trading on Friday, reaching $36.30. The stock had a trading volume of 2,869,851 shares, compared to its average volume of 1,628,483. The firm has a market cap of $10.07 billion, a PE ratio of -18.42 and a beta of 1.54. The firm has a 50 day simple moving average of $37.66 and a two-hundred day simple moving average of $36.12. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group Co. has a twelve month low of $31.44 and a twelve month high of $41.31.

Insider Buying and Selling

In other news, Director James E. Lillie sold 50,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 18.20% of the stock is owned by company insiders.

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.