HighPoint Advisor Group LLC Has $492,000 Stock Holdings in APi Group Co. (NYSE:APG)

HighPoint Advisor Group LLC raised its position in APi Group Co. (NYSE:APG) by 12.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,830 shares of the company’s stock after acquiring an additional 1,432 shares during the period. HighPoint Advisor Group LLC’s holdings in APi Group were worth $492,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of APi Group by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company’s stock valued at $831,791,000 after purchasing an additional 127,038 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of APi Group by 19.2% in the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock valued at $277,079,000 after buying an additional 1,351,013 shares in the last quarter. Cooke & Bieler LP lifted its holdings in shares of APi Group by 3.4% during the 4th quarter. Cooke & Bieler LP now owns 4,020,768 shares of the company’s stock worth $144,627,000 after acquiring an additional 132,713 shares during the period. Geode Capital Management LLC boosted its position 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 valued at $123,217,000 after acquiring an additional 106,119 shares in the last quarter. Finally, State Street Corp boosted its position 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 valued at $122,941,000 after acquiring an additional 132,971 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Price Performance

Shares of APG stock opened at $36.33 on Thursday. APi Group Co. has a 52 week low of $31.44 and a 52 week high of $41.31. The stock has a market capitalization of $10.08 billion, a PE ratio of -18.44 and a beta of 1.54. 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’s fifty day moving average is $37.68 and its 200-day moving average is $36.42.

Insider Buying and Selling

In other APi Group news, Director James E. Lillie sold 50,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the transaction, the director now directly owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 18.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

APG has been the subject of a number of analyst reports. Truist Financial restated a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Robert W. Baird raised their target price on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Citigroup lowered their price target 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 cut their price objective on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Barclays lowered their target price on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.29.

APi Group Company 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.