Victory Capital Management Inc. Raises Stake in APi Group Co. (NYSE:APG)

Victory Capital Management Inc. lifted its position in APi Group Co. (NYSE:APG - Free Report) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,538 shares of the company's stock after acquiring an additional 13,780 shares during the quarter. Victory Capital Management Inc. owned 0.06% of APi Group worth $5,846,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in APG. Atria Investments Inc raised its holdings 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 in the last quarter. Entropy Technologies LP bought a new stake in shares of APi Group in the third quarter valued at about $369,000. GSA Capital Partners LLP bought a new stake in shares of APi Group in the third quarter valued at about $881,000. Aigen Investment Management LP bought a new stake in shares of APi Group in the third quarter valued at about $206,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in APi Group by 60.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company's stock worth $3,290,000 after purchasing an additional 37,531 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on APG. Robert W. Baird boosted their target price on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Royal Bank of Canada upgraded 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 report on Tuesday, January 14th. Truist Financial reiterated a "buy" rating and issued a $48.00 target price (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Citigroup reduced their target price 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. Finally, UBS Group reduced their target price 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.43.

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Insider Activity at APi Group

In related news, Director James E. Lillie sold 50,000 shares of the company's 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 owns 1,046,203 shares in the company, valued at $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 18.20% of the stock is owned by insiders.

APi Group Stock Down 1.2 %

Shares of APG stock traded down $0.45 during trading hours on Tuesday, reaching $37.07. 813,778 shares of the company's stock were exchanged, compared to its average volume of 1,634,139. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $41.31. The stock has a market cap of $10.29 billion, a PE ratio of -18.82 and a beta of 1.54. 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 fifty day moving average price is $37.71 and its two-hundred day moving average price is $36.17.

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.