Arizona State Retirement System Purchases 558 Shares of APi Group Co. (NYSE:APG)

Arizona State Retirement System raised its position in shares of APi Group Co. (NYSE:APG) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,792 shares of the company’s stock after purchasing an additional 558 shares during the quarter. Arizona State Retirement System’s holdings in APi Group were worth $2,151,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. bought a new stake in APi Group during the 3rd quarter valued at about $26,000. Blue Trust Inc. increased its stake in APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after purchasing an additional 386 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in APi Group during the 4th quarter valued at about $34,000. Avior Wealth Management LLC bought a new stake in APi Group during the 3rd quarter valued at about $33,000. Finally, R Squared Ltd bought a new stake in APi Group during the 4th quarter valued at about $85,000. 86.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director James E. Lillie sold 50,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 18.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on APG shares. William Blair restated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Citigroup reduced their price target 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. Truist Financial reiterated a “buy” rating and issued a $48.00 price target (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. UBS Group reduced their price target on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.00.

APi Group Stock Performance

APG opened at $35.98 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The company has a market cap of $9.99 billion, a price-to-earnings ratio of -18.26 and a beta of 1.54. The company’s 50 day moving average is $37.66 and its 200 day moving average is $36.13. APi Group Co. has a 12-month low of $31.44 and a 12-month 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.