Vanguard Group Inc. Has $831.79 Million Position in APi Group Co. (NYSE:APG)

Vanguard Group Inc. boosted its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,124,584 shares of the company's stock after acquiring an additional 127,038 shares during the period. Vanguard Group Inc. owned approximately 8.42% of APi Group worth $831,791,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Strategic Financial Concepts LLC lifted its stake 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 valued at $82,000 after buying an additional 217,071 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of APi Group during the third quarter worth $813,000. Janus Henderson Group PLC lifted its position in APi Group by 19.2% in the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company's stock valued at $277,079,000 after acquiring an additional 1,351,013 shares in the last quarter. Weiss Asset Management LP acquired a new position in APi Group in the 3rd quarter worth $930,000. Finally, Cerity Partners LLC increased its holdings in APi Group by 42.3% during the 3rd quarter. Cerity Partners LLC now owns 76,168 shares of the company's stock worth $2,515,000 after purchasing an additional 22,652 shares in the last quarter. Institutional investors own 86.62% of the company's stock.

APi Group Stock Performance

NYSE:APG traded up $0.42 during mid-day trading on Wednesday, hitting $36.31. The stock had a trading volume of 533,551 shares, compared to its average volume of 1,499,235. APi Group Co. has a twelve month low of $31.44 and a twelve month high of $41.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of -18.43 and a beta of 1.54. The company's 50 day simple moving average is $37.72 and its 200 day simple moving average is $36.42.

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Analysts Set New Price Targets

A number of analysts have recently commented on the company. Truist Financial restated a "buy" rating and issued a $48.00 price target (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. William Blair reaffirmed an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. UBS Group decreased their price target on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. 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 research report on Tuesday, January 14th. Finally, Barclays decreased their target price on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $43.29.

Insider Buying and Selling

In other APi Group news, Director James E. Lillie sold 50,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 18.20% of the stock is owned by insiders.

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.