[ad_1]
Bank of New York Mellon Corp reduced its holdings in shares of APi Group Co. (NYSE:APG – Free Report) by 25.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 715,128 shares of the company’s stock after selling 248,751 shares during the quarter. Bank of New York Mellon Corp’s holdings in APi Group were worth $25,723,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Janus Henderson Group PLC raised its holdings in APi Group by 19.2% in the third 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. Geode Capital Management LLC increased its position in shares of APi Group by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock worth $123,217,000 after purchasing an additional 106,119 shares during the last quarter. State Street Corp raised its stake in shares of APi Group by 3.7% in the 3rd quarter. State Street Corp now owns 3,723,241 shares of the company’s stock valued at $122,941,000 after purchasing an additional 132,971 shares in the last quarter. Swedbank AB lifted its position in shares of APi Group by 9.6% during the fourth quarter. Swedbank AB now owns 2,422,000 shares of the company’s stock worth $87,119,000 after purchasing an additional 213,000 shares during the last quarter. Finally, M.D. Sass LLC grew its stake in APi Group by 7.5% in the third quarter. M.D. Sass LLC now owns 2,313,473 shares of the company’s stock worth $76,391,000 after purchasing an additional 160,595 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.
Insider Activity at APi Group
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 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.20% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research firms have commented on APG. William Blair reaffirmed an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Tuesday, January 14th. Citigroup lowered their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Robert W. Baird raised their price target on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Truist Financial reaffirmed a “buy” rating and set a $48.00 price objective (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.
View Our Latest Stock Analysis on APi Group
APi Group Stock Performance
Shares of APG opened at $36.30 on Monday. The firm has a fifty day moving average of $37.66 and a 200-day moving average of $36.12. The company has a market cap of $10.07 billion, a price-to-earnings ratio of -18.42 and a beta of 1.54. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $41.31.
APi Group 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.
Featured Articles
Want to see what other hedge funds are holding APG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for APi Group Co. (NYSE:APG – Free Report).
Receive News & Ratings for APi Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for APi Group and related companies with MarketBeat.com’s FREE daily email newsletter.
[ad_2]
Source link