Oppenheimer Asset Management Inc. Buys 7,862 Shares of APi Group Co. (NYSE:APG)

Oppenheimer Asset Management Inc. increased its stake in shares of APi Group Co. (NYSE:APG) by 7.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 107,509 shares of the company’s stock after purchasing an additional 7,862 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in APi Group were worth $3,867,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Asset Management One Co. Ltd. raised its stake in shares of APi Group by 1.5% in the third quarter. Asset Management One Co. Ltd. now owns 72,493 shares of the company’s stock valued at $2,394,000 after acquiring an additional 1,095 shares during the period. Capital Investment Services of America Inc. bought a new position in APi Group during the 3rd quarter valued at about $9,941,000. River Road Asset Management LLC raised its position in APi Group by 42.9% in the 3rd quarter. River Road Asset Management LLC now owns 243,951 shares of the company’s stock worth $8,055,000 after purchasing an additional 73,272 shares during the period. Equitable Trust Co. lifted its stake in APi Group by 2.2% in the third quarter. Equitable Trust Co. now owns 20,325 shares of the company’s stock worth $671,000 after purchasing an additional 446 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in shares of APi Group by 2.8% during the third quarter. Verdence Capital Advisors LLC now owns 75,964 shares of the company’s stock valued at $2,508,000 after buying an additional 2,070 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

APG has been the topic of several recent analyst reports. William Blair reiterated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. UBS Group cut their price objective on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Citigroup decreased their target price 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. Robert W. Baird upped their price target on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Barclays lifted their price objective on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

APi Group Stock Up 1.3 %

NYSE:APG opened at $39.20 on Friday. 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 $10.77 billion, a PE ratio of -19.90 and a beta of 1.55. The company has a 50-day moving average of $37.63 and a 200 day moving average of $36.03. APi Group Co. has a 1-year low of $31.44 and a 1-year high of $41.31.

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.