Robertson Stephens Wealth Management LLC Has $415,000 Stock Holdings in APi Group Co. (NYSE:APG)

Robertson Stephens Wealth Management LLC reduced its position in shares of APi Group Co. (NYSE:APG - Free Report) by 79.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,524 shares of the company's stock after selling 45,836 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in APi Group were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in 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 purchasing an additional 386 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of APi Group by 2.1% in the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company's stock valued at $755,000 after acquiring an additional 406 shares during the last quarter. Equitable Trust Co. increased its stake in shares of APi Group by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 20,325 shares of the company's stock valued at $671,000 after acquiring an additional 446 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of APi Group by 0.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company's stock valued at $1,906,000 after acquiring an additional 450 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of APi Group by 14.8% in the 3rd quarter. KBC Group NV now owns 5,601 shares of the company's stock valued at $185,000 after acquiring an additional 721 shares during the last quarter. 86.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

APG has been the subject of a number of recent analyst reports. Citigroup lowered 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 upped their price target on APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. William Blair reaffirmed an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. Robert W. Baird increased their target price on APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price for the company in a research note on Tuesday, January 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.38.

APi Group Stock Down 1.2 %

NYSE:APG traded down $0.46 during trading hours on Tuesday, reaching $38.31. 1,000,688 shares of the stock were exchanged, compared to its average volume of 1,122,237. APi Group Co. has a twelve month low of $31.44 and a twelve month high of $40.89. 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 firm has a 50 day moving average of $37.42 and a 200 day moving average of $35.64. The stock has a market cap of $10.53 billion, a PE ratio of -19.44 and a beta of 1.55.

Insiders Place Their Bets

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the transaction, the director now owns 5,478,779 shares of the company's stock, valued at $202,002,581.73. This represents a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 18.20% of the company's stock.

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.