Raymond James Financial Inc. acquired a new position in shares of APi Group Co. (NYSE:APG - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 206,470 shares of the company's stock, valued at approximately $7,427,000. Raymond James Financial Inc. owned about 0.08% of APi Group at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new stake in shares of APi Group during the third quarter valued at about $26,000. Blue Trust Inc. raised its stake in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company's stock worth $27,000 after acquiring an additional 386 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in APi Group during the third quarter valued at approximately $33,000. ORG Wealth Partners LLC purchased a new position in APi Group in the fourth quarter worth $34,000. Finally, Strategic Financial Concepts LLC grew its holdings in APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock worth $82,000 after purchasing an additional 217,071 shares during the last quarter. Institutional investors own 86.62% of the company's stock.
APi Group Stock Performance
Shares of NYSE APG traded down $0.07 during midday trading on Thursday, reaching $36.66. 1,213,167 shares of the stock were exchanged, compared to its average volume of 1,631,658. 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 firm has a 50-day simple moving average of $37.85 and a two-hundred day simple moving average of $36.33. APi Group Co. has a twelve month low of $31.44 and a twelve month high of $41.31. The firm has a market cap of $10.18 billion, a price-to-earnings ratio of -18.61 and a beta of 1.54.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Citigroup decreased their price target 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. Barclays dropped their target price on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research report on Wednesday. Truist Financial reaffirmed a "buy" rating and issued a $48.00 price target (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Robert W. Baird boosted their price objective on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, UBS Group reduced their target price 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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $43.29.
View Our Latest Research Report on APG
Insider Activity at APi Group
In other news, Director James E. Lillie sold 50,000 shares of APi Group 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 $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 18.20% of the stock is owned by company insiders.
APi Group Company Profile
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Free Report)
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.
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