Treasurer of the State of North Carolina Has $3.60 Million Stock Position in APi Group Co. (NYSE:APG)

Treasurer of the State of North Carolina lifted its holdings in shares of APi Group Co. (NYSE:APG) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,000 shares of the company’s stock after acquiring an additional 630 shares during the period. Treasurer of the State of North Carolina’s holdings in APi Group were worth $3,597,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after purchasing an additional 386 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of APi Group during the fourth quarter valued at approximately $34,000. First Horizon Advisors Inc. grew its holdings in APi Group by 53.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after buying an additional 414 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after buying an additional 217,071 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in APi Group in the 4th quarter valued at $85,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

Analyst Ratings Changes

APG has been the topic of a number of analyst reports. UBS Group cut 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. Barclays cut their price target on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Citigroup decreased their price objective on shares of APi Group from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Monday. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research note on Tuesday, January 14th. Finally, Robert W. Baird increased their price target on APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, APi Group has a consensus rating of “Moderate Buy” and an average price target of $43.14.

APi Group Trading Up 1.2 %

Shares of APG stock opened at $35.78 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The firm has a market cap of $9.88 billion, a P/E ratio of -18.16 and a beta of 1.55. The company has a 50 day moving average of $36.84 and a 200-day moving average of $36.37. APi Group Co. has a 12-month low of $30.76 and a 12-month high of $41.31.

Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 50,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the transaction, the director now owns 1,046,203 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this link. Company insiders own 18.20% of the company’s stock.

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.