APi Group Co. (NYSE:APG) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in APi Group Co. (NYSE:APG) by 6.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,165 shares of the company’s stock after selling 6,500 shares during the period. New York State Common Retirement Fund’s holdings in APi Group were worth $3,351,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Venturi Wealth Management LLC acquired a new stake in APi Group in the 4th quarter valued at about $159,000. Truist Financial Corp increased its holdings in shares of APi Group by 18.0% in the fourth quarter. Truist Financial Corp now owns 145,527 shares of the company’s stock valued at $5,235,000 after purchasing an additional 22,184 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of APi Group by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock valued at $265,000 after purchasing an additional 370 shares during the last quarter. Principal Securities Inc. lifted its position in APi Group by 28.1% during the fourth quarter. Principal Securities Inc. now owns 2,611 shares of the company’s stock worth $94,000 after buying an additional 573 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new position in APi Group during the fourth quarter worth $748,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Performance

NYSE:APG opened at $39.20 on Friday. The stock has a market capitalization of $10.77 billion, a P/E ratio of -19.90 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group Co. has a fifty-two week low of $31.44 and a fifty-two week high of $41.31. The company has a 50 day moving average price of $37.63 and a 200 day moving average price of $36.02.

Wall Street Analyst Weigh In

Several research analysts have recently commented on APG shares. UBS Group reduced their price target on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Barclays lifted their target price 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. Robert W. Baird increased their price target on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday. 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 for the company in a report on Tuesday, January 14th. Finally, Truist Financial reiterated a “buy” rating and issued a $48.00 price objective (up from $45.00) on shares of APi Group in a report on Thursday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, APi Group presently has an average rating of “Moderate Buy” and an average target price of $44.00.

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.