Thematics Asset Management Sells 100,000 Shares of APi Group Co. (NYSE:APG)

Thematics Asset Management lowered its position in shares of APi Group Co. (NYSE:APG - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 718,000 shares of the company's stock after selling 100,000 shares during the quarter. APi Group accounts for 1.1% of Thematics Asset Management's holdings, making the stock its 26th biggest position. Thematics Asset Management owned approximately 0.26% of APi Group worth $25,826,000 at the end of the most recent quarter.

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

Insider Activity

In related 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 in the company, 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 Securities & Exchange Commission, which is available through this hyperlink. 17.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial restated a "buy" rating and set a $48.00 price objective (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Royal Bank of Canada raised shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price for the company in a research report on Tuesday, January 14th. Barclays lowered their price target 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, March 26th. UBS Group cut their price objective on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Finally, Citigroup lowered their target price on shares of APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, APi Group currently has an average rating of "Moderate Buy" and a consensus target price of $43.14.

APi Group Price Performance

NYSE APG traded up $1.29 during trading on Wednesday, hitting $36.05. 1,329,623 shares of the company's stock were exchanged, compared to its average volume of 1,657,822. The company has a market cap of $9.96 billion, a PE ratio of -18.30 and a beta of 1.55. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock's 50 day moving average price is $36.48 and its two-hundred day moving average price is $36.45. APi Group Co. has a fifty-two week low of $30.76 and a fifty-two week high of $41.31.

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.