First Horizon Advisors Inc. Purchases 414 Shares of APi Group Co. (NYSE:APG)

First Horizon Advisors Inc. lifted its position in APi Group Co. (NYSE:APG) by 53.4% in the 4th quarter, Holdings Channel reports. The fund owned 1,190 shares of the company’s stock after acquiring an additional 414 shares during the quarter. First Horizon Advisors Inc.’s holdings in APi Group were worth $43,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bradley Foster & Sargent Inc. CT bought a new position in APi Group during the 4th quarter valued at approximately $1,147,000. Wolverine Asset Management LLC increased its position in APi Group by 58.6% during the 4th quarter. Wolverine Asset Management LLC now owns 111,000 shares of the company’s stock valued at $3,993,000 after buying an additional 41,000 shares in the last quarter. Handelsbanken Fonder AB increased its position in APi Group by 1,106.9% during the 4th quarter. Handelsbanken Fonder AB now owns 643,300 shares of the company’s stock valued at $23,140,000 after buying an additional 590,000 shares in the last quarter. Venturi Wealth Management LLC bought a new position in APi Group during the 4th quarter valued at approximately $159,000. Finally, Truist Financial Corp increased its position in APi Group by 18.0% during the 4th quarter. Truist Financial Corp now owns 145,527 shares of the company’s stock valued at $5,235,000 after buying an additional 22,184 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Price Performance

APG opened at $38.83 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The stock has a market capitalization of $10.67 billion, a P/E ratio of -19.71 and a beta of 1.55. The company’s 50-day simple moving average is $37.58 and its two-hundred day simple moving average is $35.97. APi Group Co. has a 52-week low of $31.44 and a 52-week high of $41.31.

Wall Street Analyst Weigh In

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

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.