WCM Investment Management LLC Decreases Stake in APi Group Co. (NYSE:APG)

WCM Investment Management LLC lowered its stake in APi Group Co. (NYSE:APG - Free Report) by 89.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,725 shares of the company's stock after selling 903,247 shares during the quarter. WCM Investment Management LLC's holdings in APi Group were worth $3,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new position in APi Group in the 3rd quarter worth about $26,000. Blue Trust Inc. boosted its stake in APi Group by 92.3% in 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 period. Avior Wealth Management LLC bought a new position in APi Group in the 3rd quarter worth about $33,000. ORG Wealth Partners LLC bought a new position in APi Group in the 4th quarter worth about $34,000. Finally, Strategic Financial Concepts LLC boosted its stake in APi Group by 2,058.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock worth $82,000 after purchasing an additional 217,071 shares during the period. Institutional investors own 86.62% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on APG shares. Citigroup dropped their price target on APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Barclays lifted their price target on APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Robert W. Baird lifted their price target on APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, November 26th. Truist Financial started coverage on APi Group in a research report on Wednesday, January 22nd. They set a "buy" rating and a $45.00 price target for the company. Finally, William Blair reiterated an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.38.

APi Group Price Performance

Shares of NYSE APG traded down $0.12 during trading hours on Thursday, reaching $37.47. 1,745,474 shares of the stock traded hands, compared to its average volume of 1,126,954. The company has a market capitalization of $10.30 billion, a P/E ratio of -19.02 and a beta of 1.55. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group Co. has a 52-week low of $31.44 and a 52-week high of $40.89. The company's 50-day simple moving average is $37.42 and its two-hundred day simple moving average is $35.66.

APi Group Company Profile

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.