Victory Capital Management Inc. Raises Holdings in APi Group Co. (NYSE:APG)

Victory Capital Management Inc. lifted its holdings in shares of APi Group Co. (NYSE:APG) by 9.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,538 shares of the company’s stock after buying an additional 13,780 shares during the period. Victory Capital Management Inc. owned about 0.06% of APi Group worth $5,846,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of APG. Equitable Trust Co. grew its holdings in shares of APi Group by 1.7% in the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company’s stock worth $744,000 after acquiring an additional 351 shares during the period. CIBC Asset Management Inc grew its holdings in shares of APi Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock worth $265,000 after acquiring an additional 370 shares during the period. Blue Trust Inc. grew its holdings in shares of APi Group by 92.3% in 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 period. First Horizon Advisors Inc. grew its holdings in shares of APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after acquiring an additional 414 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of APi Group by 0.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company’s stock worth $1,906,000 after acquiring an additional 450 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other APi Group news, Director James E. Lillie sold 50,000 shares of the company’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 sale, the director now directly owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 18.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

APi Group Trading Up 4.1 %

Shares of NYSE:APG opened at $37.20 on Friday. The stock has a market capitalization of $10.33 billion, a PE ratio of -18.88 and a beta of 1.54. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $41.31. The firm has a fifty 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 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.