Venturi Wealth Management LLC Buys New Shares in APi Group Co. (NYSE:APG)

Venturi Wealth Management LLC bought a new stake in shares of APi Group Co. (NYSE:APG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,423 shares of the company’s stock, valued at approximately $159,000.

A number of other large investors also recently modified their holdings of the company. Truist Financial Corp lifted its stake in shares of APi Group by 18.0% during the 4th quarter. Truist Financial Corp now owns 145,527 shares of the company’s stock valued at $5,235,000 after buying an additional 22,184 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of APi Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock valued at $265,000 after buying an additional 370 shares in the last quarter. Principal Securities Inc. lifted its stake in shares of APi Group by 28.1% during the 4th quarter. Principal Securities Inc. now owns 2,611 shares of the company’s stock valued at $94,000 after buying an additional 573 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in APi Group in the 4th quarter worth $748,000. Finally, Asset Management One Co. Ltd. lifted its stake in APi Group by 24.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 89,897 shares of the company’s stock worth $3,236,000 after purchasing an additional 17,404 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. William Blair reiterated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Tuesday, January 14th. Barclays boosted their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Citigroup decreased their price target on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, UBS Group reduced their target price on shares of 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 issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.88.

APi Group Stock Down 2.5 %

NYSE:APG opened at $39.86 on Friday. The firm has a market capitalization of $10.95 billion, a P/E ratio of -20.23 and a beta of 1.55. APi Group Co. has a 1-year low of $31.44 and a 1-year high of $41.31. The company’s fifty day moving average price is $37.42 and its 200-day moving average price is $35.82. 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.