Rathbones Group PLC grew its position in APi Group Corporation (NYSE:APG – Free Report) by 215.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 211,909 shares of the company’s stock after purchasing an additional 144,789 shares during the quarter. Rathbones Group PLC’s holdings in APi Group were worth $8,108,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the business. Arizona State Retirement System lifted its position in shares of APi Group by 0.3% during the 4th quarter. Arizona State Retirement System now owns 98,581 shares of the company’s stock valued at $3,772,000 after acquiring an additional 277 shares during the period. Silicon Valley Capital Partners grew its stake in shares of APi Group by 50.0% in the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock worth $29,000 after acquiring an additional 286 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of APi Group by 55.3% in the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after acquiring an additional 297 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in shares of APi Group by 0.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 82,817 shares of the company’s stock worth $3,169,000 after acquiring an additional 314 shares in the last quarter. Finally, Wedmont Private Capital grew its position in APi Group by 4.7% during the fourth quarter. Wedmont Private Capital now owns 7,655 shares of the company’s stock valued at $314,000 after buying an additional 343 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.
APi Group Trading Down 1.2%
Shares of NYSE:APG opened at $41.56 on Friday. The stock has a 50 day moving average of $43.67 and a 200 day moving average of $41.75. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79. APi Group Corporation has a 12-month low of $30.00 and a 12-month high of $49.99. The company has a market cap of $18.00 billion, a PE ratio of -58.53, a price-to-earnings-growth ratio of 2.47 and a beta of 1.67.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on APG shares. Barclays reaffirmed an “overweight” rating and set a $54.00 price objective (up from $52.00) on shares of APi Group in a report on Thursday, May 7th. UBS Group raised their target price on shares of APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Truist Financial set a $55.00 price target on shares of APi Group and gave the company a “buy” rating in a research report on Friday, May 1st. Robert W. Baird set a $52.00 target price on shares of APi Group in a report on Friday, May 1st. Finally, Citigroup restated a “buy” rating and issued a $53.00 target price (up from $52.00) on shares of APi Group in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.14.
Get Our Latest Stock Analysis on APG
Insiders Place Their Bets
In related news, Director James E. Lillie sold 15,648 shares of APi Group stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $45.50, for a total value of $711,984.00. Following the completion of the sale, the director directly owned 1,275,019 shares in the company, valued at $58,013,364.50. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin E. Franklin sold 3,000,000 shares of APi Group stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $40.88, for a total value of $122,640,000.00. Following the completion of the sale, the director owned 21,240,426 shares of the company’s stock, valued at $868,308,614.88. The trade was a 12.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,126,000 shares of company stock worth $217,071,030 over the last quarter. Company insiders own 18.70% of the company’s stock.
APi Group Company Profile
APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.
Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.
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