Vestmark Advisory Solutions Inc. Raises Stock Holdings in APi Group Co. (NYSE:APG)

Vestmark Advisory Solutions Inc. raised its stake in shares of APi Group Co. (NYSE:APG) by 17.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,153 shares of the company’s stock after acquiring an additional 4,973 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in APi Group were worth $1,228,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Carmel Capital Partners LLC boosted its holdings in APi Group by 8.0% in the fourth quarter. Carmel Capital Partners LLC now owns 63,562 shares of the company’s stock worth $2,286,000 after purchasing an additional 4,714 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of APi Group during the 4th quarter valued at $7,427,000. Arizona State Retirement System lifted its holdings in shares of APi Group by 0.9% during the 4th quarter. Arizona State Retirement System now owns 59,792 shares of the company’s stock valued at $2,151,000 after buying an additional 558 shares during the period. Verdence Capital Advisors LLC boosted its stake in shares of APi Group by 1.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 77,286 shares of the company’s stock worth $2,780,000 after buying an additional 1,322 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of APi Group in the fourth quarter worth $511,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Activity

In other APi Group news, Director James E. Lillie sold 50,000 shares of the 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 in the company, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 18.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on APG. Citigroup dropped their target price on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. UBS Group lowered their price objective on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. William Blair restated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Robert W. Baird increased their price target on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. 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 on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

APi Group Price Performance

Shares of NYSE:APG opened at $36.30 on Friday. The company has a market capitalization of $10.07 billion, a P/E ratio of -18.42 and a beta of 1.54. APi Group Co. has a 1-year low of $31.44 and a 1-year high of $41.31. The firm’s 50 day simple moving average is $37.66 and its two-hundred day simple moving average is $36.11. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

About APi Group

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.