Natixis Advisors LLC Increases Position in APi Group Co. (NYSE:APG)

Natixis Advisors LLC raised its position in APi Group Co. (NYSE:APG) by 5.7% during the fourth quarter, Holdings Channel reports. The firm owned 254,303 shares of the company’s stock after buying an additional 13,686 shares during the quarter. Natixis Advisors LLC’s holdings in APi Group were worth $9,147,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Catalyst Funds Management Pty Ltd raised its position in APi Group by 940.9% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 22,900 shares of the company’s stock valued at $824,000 after purchasing an additional 20,700 shares during the period. Thompson Siegel & Walmsley LLC raised its position in APi Group by 33.8% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 158,191 shares of the company’s stock valued at $5,690,000 after purchasing an additional 40,000 shares during the period. Swiss National Bank raised its position in APi Group by 0.9% in the fourth quarter. Swiss National Bank now owns 405,200 shares of the company’s stock valued at $14,575,000 after purchasing an additional 3,700 shares during the period. Avantax Advisory Services Inc. purchased a new stake in APi Group in the fourth quarter valued at approximately $274,000. Finally, Cooke & Bieler LP raised its position in APi Group by 3.4% in the fourth quarter. Cooke & Bieler LP now owns 4,020,768 shares of the company’s stock valued at $144,627,000 after purchasing an additional 132,713 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Analyst Ratings Changes

APG has been the subject of several research reports. 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 note on Tuesday, January 14th. Truist Financial restated a “buy” rating and issued a $48.00 price target (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. UBS Group dropped 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 note on Tuesday, February 18th. Citigroup dropped their price target 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. Finally, William Blair restated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.43.

Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 50,000 shares of the firm’s 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 transaction, the director now owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 18.20% of the company’s stock.

APi Group Stock Performance

Shares of APG stock opened at $37.56 on Friday. The stock’s 50-day moving average is $37.76 and its two-hundred day moving average is $36.20. The firm has a market cap of $10.43 billion, a price-to-earnings ratio of -19.07 and a beta of 1.54. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $41.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

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.