Cooke & Bieler LP Acquires 132,713 Shares of APi Group Co. (NYSE:APG)

Cooke & Bieler LP increased its holdings in shares of APi Group Co. (NYSE:APG) by 3.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,020,768 shares of the company’s stock after acquiring an additional 132,713 shares during the period. APi Group comprises 1.4% of Cooke & Bieler LP’s portfolio, making the stock its 27th biggest position. Cooke & Bieler LP’s holdings in APi Group were worth $144,627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Janus Henderson Group PLC lifted its stake in shares of APi Group by 19.2% during the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after acquiring an additional 1,351,013 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of APi Group by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock worth $123,217,000 after acquiring an additional 106,119 shares during the last quarter. State Street Corp lifted its stake in shares of APi Group by 3.7% during the 3rd quarter. State Street Corp now owns 3,723,241 shares of the company’s stock worth $122,941,000 after acquiring an additional 132,971 shares during the last quarter. GW&K Investment Management LLC lifted its stake in shares of APi Group by 19.7% during the 4th quarter. GW&K Investment Management LLC now owns 2,631,409 shares of the company’s stock worth $94,652,000 after acquiring an additional 432,926 shares during the last quarter. Finally, Swedbank AB lifted its stake in shares of APi Group by 9.6% during the 4th quarter. Swedbank AB now owns 2,422,000 shares of the company’s stock worth $87,119,000 after acquiring an additional 213,000 shares during the last quarter. 86.62% of the stock is owned by institutional investors.

APi Group Trading Down 0.8 %

Shares of NYSE:APG opened at $35.98 on Tuesday. APi Group Co. has a 12-month low of $31.44 and a 12-month high of $41.31. The business’s fifty day simple moving average is $37.66 and its 200-day simple moving average is $36.13. The company has a market capitalization of $9.99 billion, a PE ratio of -18.26 and a beta of 1.54. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

Analyst Upgrades and Downgrades

APG has been the topic of several research reports. William Blair restated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Robert W. Baird raised their price objective on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Citigroup reduced their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Tuesday, January 14th. Finally, Truist Financial restated a “buy” rating and set a $48.00 price objective (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares of the company’s stock, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 18.20% of the company’s stock.

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.