Venturi Wealth Management LLC Purchases New Shares in APi Group Co. (NYSE:APG)

Venturi Wealth Management LLC purchased a new stake in shares of APi Group Co. (NYSE:APG) during the 4th quarter, HoldingsChannel reports. The firm purchased 4,423 shares of the company’s stock, valued at approximately $159,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its holdings in APi Group by 20.2% during the third quarter. Raymond James & Associates now owns 173,774 shares of the company’s stock valued at $5,738,000 after purchasing an additional 29,175 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in APi Group by 1.5% during the third quarter. Asset Management One Co. Ltd. now owns 72,493 shares of the company’s stock valued at $2,394,000 after purchasing an additional 1,095 shares in the last quarter. Capital Investment Services of America Inc. purchased a new position in APi Group during the third quarter valued at $9,941,000. River Road Asset Management LLC lifted its holdings in APi Group by 42.9% during the third quarter. River Road Asset Management LLC now owns 243,951 shares of the company’s stock valued at $8,055,000 after purchasing an additional 73,272 shares in the last quarter. Finally, Equitable Trust Co. lifted its holdings in APi Group by 2.2% during the third quarter. Equitable Trust Co. now owns 20,325 shares of the company’s stock valued at $671,000 after purchasing an additional 446 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on APG shares. UBS Group decreased their price objective on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Citigroup decreased their price objective on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Barclays raised their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. William Blair reissued an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Finally, Royal Bank of Canada raised 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 analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.88.

APi Group Price Performance

Shares of APG stock opened at $39.86 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The firm’s 50-day moving average is $37.42 and its two-hundred day moving average is $35.82. APi Group Co. has a 12 month low of $31.44 and a 12 month high of $41.31. The company has a market capitalization of $10.95 billion, a PE ratio of -20.23 and a beta of 1.55.

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.