3,486,421 Shares in APi Group Co. (NYSE:APG) Bought by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership purchased a new stake in shares of APi Group Co. (NYSE:APG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,486,421 shares of the company’s stock, valued at approximately $125,407,000. Artisan Partners Limited Partnership owned about 1.27% of APi Group at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its position in shares of APi Group by 19.2% during the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock valued at $277,079,000 after acquiring an additional 1,351,013 shares during the period. Handelsbanken Fonder AB increased its stake in APi Group by 1,106.9% in the fourth quarter. Handelsbanken Fonder AB now owns 643,300 shares of the company’s stock valued at $23,140,000 after purchasing an additional 590,000 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of APi Group by 124.7% during the third quarter. Two Sigma Advisers LP now owns 894,600 shares of the company’s stock valued at $29,540,000 after purchasing an additional 496,500 shares during the period. Progeny 3 Inc. boosted its position in shares of APi Group by 24.2% during the 3rd quarter. Progeny 3 Inc. now owns 2,298,025 shares of the company’s stock worth $75,881,000 after purchasing an additional 447,200 shares in the last quarter. Finally, GW&K Investment Management LLC grew its stake in shares of APi Group by 19.7% in the 4th quarter. GW&K Investment Management LLC now owns 2,631,409 shares of the company’s stock valued at $94,652,000 after buying an additional 432,926 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction on Monday, March 3rd. The stock was 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 in the company, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 18.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on APG shares. William Blair reiterated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Truist Financial reiterated a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Robert W. Baird boosted 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, February 27th. Barclays dropped their price objective on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, UBS Group decreased 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 report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.29.

APi Group Stock Down 0.2 %

APG opened at $36.66 on Friday. APi Group Co. has a fifty-two week low of $31.44 and a fifty-two week high of $41.31. The firm has a market capitalization of $10.18 billion, a P/E ratio of -18.61 and a beta of 1.54. The company’s 50-day moving average is $37.84 and its 200 day moving average is $36.33. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

About APi Group

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.