Blue Trust Inc. Grows Stock Position in APi Group Co. (NYSE:APG)

Blue Trust Inc. raised its holdings in APi Group Co. (NYSE:APG) by 92.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 804 shares of the company’s stock after buying an additional 386 shares during the quarter. Blue Trust Inc.’s holdings in APi Group were worth $27,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. acquired a new stake in shares of APi Group in the third quarter worth approximately $26,000. Avior Wealth Management LLC purchased a new position in APi Group during the third quarter worth approximately $33,000. ORG Wealth Partners LLC acquired a new position in shares of APi Group in the 4th quarter valued at $34,000. SG Americas Securities LLC purchased a new stake in shares of APi Group during the 3rd quarter valued at $165,000. Finally, KBC Group NV grew its stake in shares of APi Group by 14.8% during the 3rd quarter. KBC Group NV now owns 5,601 shares of the company’s stock valued at $185,000 after buying an additional 721 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insider Transactions at APi Group

In other news, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the sale, the director now directly owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 18.20% of the company’s stock.

APi Group Stock Performance

APi Group stock opened at $38.77 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group Co. has a one year low of $31.44 and a one year high of $40.89. The stock’s 50 day moving average price is $37.40 and its 200 day moving average price is $35.62. The firm has a market capitalization of $10.65 billion, a PE ratio of -19.68 and a beta of 1.55.

Analyst Upgrades and Downgrades

APG has been the topic of several research reports. Truist Financial initiated coverage on APi Group in a research report on Wednesday, January 22nd. They issued a “buy” rating and a $45.00 target price on the stock. Barclays raised their price objective on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Citigroup decreased their target price on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. William Blair restated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Finally, Robert W. Baird boosted their price objective on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $43.38.

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.