Thompson Siegel & Walmsley LLC boosted its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 33.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,191 shares of the company's stock after acquiring an additional 40,000 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.06% of APi Group worth $5,690,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in APG. Atria Investments Inc raised its stake in shares of APi Group by 7.2% in the third quarter. Atria Investments Inc now owns 12,672 shares of the company's stock valued at $418,000 after acquiring an additional 849 shares during the last quarter. Entropy Technologies LP acquired a new stake in APi Group during the 3rd quarter valued at $369,000. GSA Capital Partners LLP bought a new position in APi Group in the 3rd quarter valued at $881,000. Aigen Investment Management LP acquired a new position in APi Group in the third quarter worth $206,000. Finally, MQS Management LLC acquired a new stake in shares of APi Group in the third quarter valued at $484,000. 86.62% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Royal Bank of Canada raised shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a report on Tuesday, January 14th. Citigroup lowered their price target on shares of APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a report on Monday, January 13th. William Blair reaffirmed an "outperform" rating on shares of APi Group in a report on Thursday, December 5th. Truist Financial reiterated a "buy" rating and issued a $48.00 price objective (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Finally, Robert W. Baird upped their price target on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, APi Group has a consensus rating of "Moderate Buy" and a consensus price target of $43.43.
Get Our Latest Analysis on APG
APi Group Trading Down 1.2 %
Shares of APG stock traded down $0.45 during trading hours on Tuesday, reaching $37.07. The company had a trading volume of 813,778 shares, compared to its average volume of 1,634,139. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group Co. has a 1-year low of $31.44 and a 1-year high of $41.31. The company has a 50 day moving average of $37.71 and a 200 day moving average of $36.17. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of -18.82 and a beta of 1.54.
Insider Buying and Selling at APi Group
In other news, Director James E. Lillie sold 50,000 shares of the company's stock in a transaction dated 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 completion of the sale, the director now directly owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 18.20% of the company's stock.
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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