Capital Investment Services of America Inc. Has $11.65 Million Holdings in APi Group Co. (NYSE:APG)

Capital Investment Services of America Inc. boosted its holdings in APi Group Co. (NYSE:APG) by 7.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 323,762 shares of the company’s stock after acquiring an additional 22,690 shares during the period. Capital Investment Services of America Inc.’s holdings in APi Group were worth $11,646,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its position in shares of APi Group by 2.1% in the second quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock worth $755,000 after purchasing an additional 406 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in APi Group during the second quarter worth about $2,155,000. Truist Financial Corp increased its holdings in APi Group by 5.6% in the 2nd quarter. Truist Financial Corp now owns 104,072 shares of the company’s stock valued at $3,916,000 after buying an additional 5,517 shares during the period. SG Americas Securities LLC acquired a new position in shares of APi Group in the 3rd quarter valued at approximately $165,000. Finally, Handelsbanken Fonder AB boosted its position in shares of APi Group by 22.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 53,300 shares of the company’s stock worth $1,760,000 after acquiring an additional 9,700 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

Insider Activity at APi Group

In other news, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the transaction, the director now directly owns 5,478,779 shares in the company, valued at $202,002,581.73. This trade represents a 0.97 % 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. Also, Director James E. Lillie sold 11,568 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the transaction, the director now directly owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is owned by corporate insiders.

APi Group Stock Up 0.3 %

Shares of APi Group stock opened at $37.94 on Thursday. The stock’s 50-day moving average is $37.37 and its 200 day moving average is $35.62. APi Group Co. has a one year low of $31.44 and a one year high of $40.89. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of -19.26 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on APG. Truist Financial initiated coverage on APi Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $45.00 target price for the company. Barclays raised their price objective on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Robert W. Baird boosted their target price on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. William Blair restated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Finally, Citigroup lowered their price objective on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.38.

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.