Artisan Partners Limited Partnership Buys Shares of 3,486,421 APi Group Co. (NYSE:APG)

Artisan Partners Limited Partnership purchased a new position in shares of APi Group Co. (NYSE:APG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,486,421 shares of the company’s stock, valued at approximately $125,407,000.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its position in shares of APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after purchasing an additional 386 shares during the period. ORG Wealth Partners LLC purchased a new position in APi Group in the 4th quarter valued at approximately $34,000. First Horizon Advisors Inc. raised its holdings in APi Group by 53.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after acquiring an additional 414 shares during the period. Strategic Financial Concepts LLC lifted its position in shares of APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after acquiring an additional 217,071 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of APi Group in the fourth quarter worth $85,000. Institutional investors own 86.62% of the company’s stock.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 18.20% of the company’s stock.

APi Group Stock Down 0.2 %

APG stock opened at $36.66 on Friday. The company’s 50 day moving average is $37.84 and its 200 day moving average is $36.33. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of -18.61 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. APi Group Co. has a 1-year low of $31.44 and a 1-year high of $41.31.

Analyst Ratings Changes

A number of analysts recently issued reports on APG shares. Truist Financial reiterated a “buy” rating and set a $48.00 price objective (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. 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 research report on Thursday, February 27th. UBS Group lowered their price target 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. Barclays reduced their price objective on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, William Blair reiterated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, APi Group presently has an average rating of “Moderate Buy” and an average 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.