Verdence Capital Advisors LLC Buys 1,322 Shares of APi Group Co. (NYSE:APG)

Verdence Capital Advisors LLC raised its stake in shares of APi Group Co. (NYSE:APG) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,286 shares of the company’s stock after buying an additional 1,322 shares during the period. Verdence Capital Advisors LLC’s holdings in APi Group were worth $2,780,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Equitable Trust Co. raised its holdings in APi Group by 1.7% during the fourth quarter. Equitable Trust Co. now owns 20,676 shares of the company’s stock valued at $744,000 after buying an additional 351 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of APi Group by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock worth $265,000 after purchasing an additional 370 shares during the period. Blue Trust Inc. increased its stake in shares of APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after purchasing an additional 386 shares during the period. First Horizon Advisors Inc. increased its stake in shares of APi Group by 53.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after purchasing an additional 414 shares during the period. Finally, The Manufacturers Life Insurance Company raised 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 valued at $1,906,000 after acquiring an additional 450 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on APG shares. Barclays upped their price target on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Robert W. Baird upped their price target on APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Citigroup cut their price target on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, 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 research note on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

APi Group Stock Down 1.0 %

NYSE APG opened at $37.03 on Wednesday. The firm has a market cap of $10.17 billion, a PE ratio of -18.79 and a beta of 1.55. APi Group Co. has a one year low of $31.44 and a one year high of $41.31. The stock’s 50 day simple moving average is $37.65 and its 200 day simple moving average is $36.09. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

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.