20,807 Shares in APi Group Co. (NYSE:APG) Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System acquired a new stake in APi Group Co. (NYSE:APG) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 20,807 shares of the company’s stock, valued at approximately $748,000.

A number of other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its position in 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 during the last quarter. Geode Capital Management LLC lifted its stake in shares of APi Group by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock valued at $123,217,000 after purchasing an additional 106,119 shares during the period. State Street Corp lifted its stake in shares of APi Group by 3.7% in the 3rd quarter. State Street Corp now owns 3,723,241 shares of the company’s stock valued at $122,941,000 after purchasing an additional 132,971 shares during the period. Swedbank AB lifted its stake in shares of APi Group by 9.6% in the 4th quarter. Swedbank AB now owns 2,422,000 shares of the company’s stock valued at $87,119,000 after purchasing an additional 213,000 shares during the period. Finally, M.D. Sass LLC lifted its stake in shares of APi Group by 7.5% in the 3rd quarter. M.D. Sass LLC now owns 2,313,473 shares of the company’s stock valued at $76,391,000 after purchasing an additional 160,595 shares during the period. 86.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Robert W. Baird increased their price target on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. Citigroup dropped their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Truist Financial initiated coverage on APi Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price objective on the stock. Finally, Barclays raised their price objective on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $42.88.

APi Group Stock Performance

APG opened at $39.86 on Monday. The business’s 50-day moving average price is $37.42 and its two-hundred day moving average price is $35.84. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $41.31. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of -20.23 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

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.