Natixis Invests $536,000 in APi Group Co. (NYSE:APG)

Natixis acquired a new position in APi Group Co. (NYSE:APG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,905 shares of the company's stock, valued at approximately $536,000.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of APi Group by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company's stock worth $831,791,000 after buying an additional 127,038 shares during the period. Capital Research Global Investors raised its holdings in shares of APi Group by 118.2% in the 4th quarter. Capital Research Global Investors now owns 10,947,284 shares of the company's stock valued at $393,774,000 after purchasing an additional 5,931,314 shares in the last quarter. Cooke & Bieler LP lifted its position in shares of APi Group by 3.4% in the 4th quarter. Cooke & Bieler LP now owns 4,020,768 shares of the company's stock worth $144,627,000 after purchasing an additional 132,713 shares during the period. Artisan Partners Limited Partnership bought a new position in shares of APi Group during the fourth quarter valued at approximately $125,407,000. Finally, Norges Bank purchased a new position in APi Group during the fourth quarter valued at approximately $98,028,000. Hedge funds and other institutional investors own 86.62% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on APG shares. Truist Financial reiterated a "buy" rating and issued a $48.00 target price (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. UBS Group reduced 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. Barclays lowered 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 note on Wednesday, March 26th. Robert W. Baird upped their price target on APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a research report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $43.14.

APi Group Trading Down 0.2 %

APG traded down $0.08 during trading hours on Monday, reaching $37.36. The company's stock had a trading volume of 1,600,384 shares, compared to its average volume of 1,657,870. The business's 50-day moving average is $36.45 and its 200-day moving average is $36.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The stock has a market cap of $10.32 billion, a PE ratio of -18.96 and a beta of 1.55. APi Group Co. has a fifty-two week low of $30.76 and a fifty-two week high of $41.31.

Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were 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 owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 17.00% of the stock is owned by 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.