APi Group Co. (NYSE:APG) Shares Purchased by River Road Asset Management LLC

River Road Asset Management LLC grew its position in shares of APi Group Co. (NYSE:APG) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,997 shares of the company’s stock after purchasing an additional 30,046 shares during the period. River Road Asset Management LLC’s holdings in APi Group were worth $9,856,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in APG. First Horizon Advisors Inc. acquired a new stake in APi Group during the 3rd quarter valued at $26,000. Blue Trust Inc. boosted its position in APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after buying an additional 386 shares during the last quarter. Avior Wealth Management LLC bought a new position in shares of APi Group during the third quarter worth about $33,000. ORG Wealth Partners LLC bought a new stake in shares of APi Group in the 4th quarter valued at approximately $34,000. Finally, Strategic Financial Concepts LLC grew its position in shares of APi Group by 2,058.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock valued at $82,000 after buying an additional 217,071 shares during the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on APG shares. Truist Financial reaffirmed a “buy” rating and issued a $48.00 price objective (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Citigroup decreased their target price on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Robert W. Baird lifted their target price 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 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 report on Tuesday, January 14th. Finally, William Blair reaffirmed an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, APi Group presently has an average rating of “Moderate Buy” and a consensus target price of $44.00.

Insider Buying and Selling at APi Group

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 transaction of $1,898,500.00. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 18.20% of the company’s stock.

APi Group Trading Up 1.4 %

NYSE:APG opened at $36.45 on Wednesday. The stock has a fifty day simple moving average of $37.67 and a 200 day simple moving average of $36.13. The firm has a market capitalization of $10.12 billion, a price-to-earnings ratio of -18.50 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 company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

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.