Catalyst Funds Management Pty Ltd Grows Stock Holdings in APi Group Co. (NYSE:APG)

Catalyst Funds Management Pty Ltd boosted its holdings in APi Group Co. (NYSE:APG) by 940.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,900 shares of the company’s stock after buying an additional 20,700 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in APi Group were worth $824,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of APG. First Horizon Advisors Inc. purchased a new position in APi Group in the 3rd quarter valued at approximately $26,000. Blue Trust Inc. grew its position in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after purchasing an additional 386 shares in the last quarter. Avior Wealth Management LLC purchased a new position in shares of APi Group during the 3rd quarter valued at $33,000. ORG Wealth Partners LLC purchased a new position in shares of APi Group during the 4th quarter valued at $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 purchasing an additional 217,071 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

APi Group Stock Up 4.1 %

Shares of NYSE:APG opened at $37.20 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The firm has a market capitalization of $10.33 billion, a PE ratio of -18.88 and a beta of 1.54. The firm has a fifty day moving average of $37.69 and a 200 day moving average of $36.15. APi Group Co. has a 52-week low of $31.44 and a 52-week high of $41.31.

Analysts Set New Price Targets

A number of research analysts have recently commented on APG shares. 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 report on Thursday, February 27th. UBS Group reduced their price target 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. 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 for the company in a research report on Tuesday, January 14th. Truist Financial restated a “buy” rating and set a $48.00 price target (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Finally, William Blair reiterated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 50,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the sale, the director now directly owns 1,046,203 shares of the company’s stock, 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 document filed with the SEC, which is available at the SEC website. 18.20% of the stock is currently owned by insiders.

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.