APi Group Co. (NYSE:APG) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in shares of APi Group Co. (NYSE:APG) by 5.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 254,303 shares of the company’s stock after acquiring an additional 13,686 shares during the period. Natixis Advisors LLC owned approximately 0.09% of APi Group worth $9,147,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Equitable Trust Co. grew its position in shares of APi Group by 1.7% during the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company’s stock valued at $744,000 after acquiring an additional 351 shares during the period. CIBC Asset Management Inc boosted its holdings in APi Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock worth $265,000 after buying an additional 370 shares during the last quarter. Blue Trust Inc. boosted its holdings 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 buying an additional 386 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after buying an additional 414 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in APi Group by 0.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company’s stock worth $1,906,000 after buying an additional 450 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. UBS Group lowered their price objective on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. William Blair reiterated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Truist Financial reiterated a “buy” rating and issued a $48.00 price objective (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Robert W. Baird raised their target price on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Finally, Citigroup decreased their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.43.

APi Group Trading Down 0.5 %

APG opened at $37.56 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 company’s 50 day simple moving average is $37.76 and its two-hundred day simple moving average is $36.20. APi Group Co. has a 1-year low of $31.44 and a 1-year high of $41.31. The firm has a market capitalization of $10.43 billion, a price-to-earnings ratio of -19.07 and a beta of 1.54.

Insider Activity

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction that occurred 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 sale, the director now owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 18.20% of the company’s stock.

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.