Oppenheimer Asset Management Inc. Increases Holdings in APi Group Co. (NYSE:APG)

Oppenheimer Asset Management Inc. raised its holdings in APi Group Co. (NYSE:APG - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 107,509 shares of the company's stock after buying an additional 7,862 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in APi Group were worth $3,867,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its stake in APi Group by 19.2% in 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 last quarter. Geode Capital Management LLC raised its stake in APi Group by 2.9% in the third quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company's stock valued at $123,217,000 after buying an additional 106,119 shares during the last quarter. State Street Corp raised its stake in APi Group by 3.7% in the third quarter. State Street Corp now owns 3,723,241 shares of the company's stock valued at $122,941,000 after buying an additional 132,971 shares during the last quarter. Swedbank AB raised its stake in APi Group by 9.6% in the fourth quarter. Swedbank AB now owns 2,422,000 shares of the company's stock valued at $87,119,000 after buying an additional 213,000 shares during the last quarter. Finally, M.D. Sass LLC raised its stake in shares of APi Group by 7.5% in the third quarter. M.D. Sass LLC now owns 2,313,473 shares of the company's stock worth $76,391,000 after purchasing an additional 160,595 shares during the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a research note on Tuesday, January 14th. William Blair restated an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. UBS Group reduced their price objective on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Truist Financial restated a "buy" rating and issued a $48.00 price objective (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Finally, Citigroup reduced their price objective 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. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $44.00.

Insider Buying and Selling at APi Group

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 stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the sale, the director now directly owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.20% of the stock is owned by corporate insiders.

APi Group Price Performance

APG traded up $0.39 during trading on Wednesday, hitting $37.20. The company's stock had a trading volume of 1,745,201 shares, compared to its average volume of 1,619,817. 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. The business's fifty day simple moving average is $37.66 and its 200 day simple moving average is $36.09. The firm has a market capitalization of $10.33 billion, a price-to-earnings ratio of -18.88 and a beta of 1.54.

APi Group 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.