US Bancorp DE Grows Stake in APi Group Co. (NYSE:APG)

US Bancorp DE grew its position in shares of APi Group Co. (NYSE:APG) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,741 shares of the company’s stock after purchasing an additional 476 shares during the period. US Bancorp DE’s holdings in APi Group were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in APG. First Horizon Advisors Inc. bought a new stake in shares of APi Group during the 3rd quarter worth $26,000. Blue Trust Inc. lifted its holdings in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after acquiring an additional 386 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of APi Group during the 4th quarter worth $34,000. Avior Wealth Management LLC bought a new stake in shares of APi Group during the 3rd quarter worth $33,000. Finally, R Squared Ltd bought a new stake in shares of APi Group during the 4th quarter worth $85,000. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director James E. Lillie sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 1,046,203 shares in the company, valued at $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 18.20% of the company’s stock.

APi Group Stock Performance

Shares of NYSE:APG opened at $37.20 on Friday. The company has a market cap of $10.33 billion, a price-to-earnings ratio of -18.88 and a beta of 1.54. The company has a 50-day moving average price of $37.69 and a 200-day moving average price of $36.15. 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 12 month low of $31.44 and a 12 month high of $41.31.

Wall Street Analysts Forecast Growth

APG has been the subject of a number of research analyst reports. Robert W. Baird lifted their price objective on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a 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 for the company in a research note on Tuesday, February 18th. Citigroup lowered their price target on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. 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 for the company in a research note on Tuesday, January 14th. Finally, Truist Financial reissued a “buy” rating and issued a $48.00 price target (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, APi Group presently has an average rating of “Moderate Buy” and a consensus price target of $44.00.

APi Group 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.