APi Group Co. (NYSE:APG) Shares Sold by Granite Investment Partners LLC

Granite Investment Partners LLC cut its position in APi Group Co. (NYSE:APG) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,809 shares of the company’s stock after selling 12,949 shares during the quarter. Granite Investment Partners LLC’s holdings in APi Group were worth $4,417,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sterling Capital Management LLC increased its stake in APi Group by 55.5% during the fourth quarter. Sterling Capital Management LLC now owns 13,479 shares of the company’s stock worth $485,000 after purchasing an additional 4,809 shares during the period. Treasurer of the State of North Carolina increased its stake in APi Group by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 100,000 shares of the company’s stock worth $3,597,000 after buying an additional 630 shares during the period. F M Investments LLC acquired a new stake in APi Group during the 4th quarter worth approximately $412,000. Raymond James Financial Inc. purchased a new position in APi Group in the 4th quarter valued at approximately $7,427,000. Finally, Federated Hermes Inc. grew its stake in shares of APi Group by 4.3% in the fourth quarter. Federated Hermes Inc. now owns 37,364 shares of the company’s stock worth $1,344,000 after acquiring an additional 1,537 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

APG has been the topic of several analyst reports. Citigroup reduced their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Truist Financial reiterated a “buy” rating and issued a $48.00 price objective (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Robert W. Baird upped their target price on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Barclays lowered their price target on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Finally, UBS Group reduced their price objective 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 investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.29.

APi Group Stock Up 1.0 %

Shares of NYSE:APG opened at $34.67 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The firm has a 50 day simple moving average of $36.95 and a 200-day simple moving average of $36.37. The company has a market capitalization of $9.58 billion, a PE ratio of -17.60 and a beta of 1.55. APi Group Co. has a twelve month low of $30.76 and a twelve month high of $41.31.

Insider Activity at APi Group

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction dated 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 owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 18.20% of the stock is owned by corporate insiders.

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.