OneDigital Investment Advisors LLC Has $304,000 Stock Holdings in APi Group Co. (NYSE:APG)

OneDigital Investment Advisors LLC raised its holdings in shares of APi Group Co. (NYSE:APG) by 12.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,454 shares of the company’s stock after purchasing an additional 938 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in APi Group were worth $304,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Natixis acquired a new stake in APi Group during the 4th quarter valued at $536,000. Capital Research Global Investors lifted its holdings in APi Group by 118.2% during the 4th quarter. Capital Research Global Investors now owns 10,947,284 shares of the company’s stock valued at $393,774,000 after purchasing an additional 5,931,314 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in APi Group by 7.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,631,047 shares of the company’s stock valued at $94,640,000 after purchasing an additional 177,947 shares during the last quarter. Forum Financial Management LP acquired a new stake in APi Group during the 4th quarter valued at $210,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in APi Group by 3.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 59,931 shares of the company’s stock valued at $2,154,000 after purchasing an additional 2,055 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Price Performance

APi Group stock opened at $37.36 on Tuesday. The stock’s 50 day moving average is $36.39 and its 200 day moving average is $36.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The firm has a market cap of $10.32 billion, a P/E ratio of -18.96 and a beta of 1.55. APi Group Co. has a one year low of $30.76 and a one year high of $41.31.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their target price on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Barclays dropped their target price on APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Royal Bank of Canada raised 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 reissued a “buy” rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Finally, Robert W. Baird lifted their target price on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, APi Group has an average rating of “Moderate Buy” and a consensus price target of $43.14.

Insider Buying and Selling

In related news, Director James E. Lillie sold 50,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.00% of the stock is owned by insiders.

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.