Equitable Trust Co. Has $744,000 Stock Holdings in APi Group Co. (NYSE:APG)

Equitable Trust Co. increased its holdings in shares of APi Group Co. (NYSE:APG) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 20,676 shares of the company’s stock after purchasing an additional 351 shares during the quarter. Equitable Trust Co.’s holdings in APi Group were worth $744,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of APG. AQR Capital Management LLC increased its stake in APi Group by 2.1% during the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock worth $755,000 after purchasing an additional 406 shares in the last quarter. SG Americas Securities LLC bought a new stake in APi Group during the 3rd quarter worth approximately $165,000. NBC Securities Inc. bought a new stake in APi Group during the 3rd quarter worth approximately $421,000. Swedbank AB increased its stake in APi Group by 18.8% during the 3rd quarter. Swedbank AB now owns 2,209,000 shares of the company’s stock worth $72,941,000 after purchasing an additional 349,000 shares in the last quarter. Finally, Raymond James & Associates increased its stake in APi Group by 20.2% during the 3rd quarter. Raymond James & Associates now owns 173,774 shares of the company’s stock worth $5,738,000 after purchasing an additional 29,175 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

Insider Buying and Selling at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the sale, the director now owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 18.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada raised 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 note on Tuesday, January 14th. Robert W. Baird raised their price target on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Truist Financial assumed coverage on shares of APi Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price target for the company. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Finally, Citigroup decreased their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.38.

APi Group Trading Up 0.6 %

Shares of APi Group stock opened at $38.77 on Tuesday. The business has a fifty day simple moving average of $37.40 and a two-hundred day simple moving average of $35.62. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $40.89. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of -19.68 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.

APi Group 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.