Proficio Capital Partners LLC Invests $511,000 in APi Group Co. (NYSE:APG)

Proficio Capital Partners LLC acquired a new position in shares of APi Group Co. (NYSE:APG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,208 shares of the company’s stock, valued at approximately $511,000.

Several other large investors also recently made changes to their positions in the stock. Janus Henderson Group PLC increased its position in shares of APi Group by 19.2% during the third quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after acquiring an additional 1,351,013 shares in the last quarter. Geode Capital Management LLC grew its position in APi Group by 2.9% in the third 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 in the last quarter. State Street Corp grew its position in APi Group by 3.7% in the third 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 in the last quarter. Swedbank AB grew its position in APi Group by 9.6% in the fourth 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 in the last quarter. Finally, M.D. Sass LLC grew its position in APi Group by 7.5% in the third 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 in the last quarter. Institutional investors own 86.62% of the company’s stock.

Analyst Ratings Changes

APG has been the subject of a number of analyst reports. Robert W. Baird raised their target price on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Tuesday, January 14th. Truist Financial restated a “buy” rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. UBS Group cut their target price on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, William Blair restated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

APi Group Price Performance

Shares of APi Group stock opened at $36.30 on Monday. APi Group Co. has a twelve month low of $31.44 and a twelve month high of $41.31. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The company has a 50-day simple moving average of $37.66 and a two-hundred day simple moving average of $36.12. The stock has a market capitalization of $10.07 billion, a price-to-earnings ratio of -18.42 and a beta of 1.54.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 50,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 18.20% of the company’s stock.

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.