Price T Rowe Associates Inc. MD Has $562.12 Million Holdings in APi Group Co. (NYSE:APG)

Price T Rowe Associates Inc. MD raised its holdings in APi Group Co. (NYSE:APG - Free Report) by 20.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,627,444 shares of the company's stock after acquiring an additional 2,602,758 shares during the quarter. Price T Rowe Associates Inc. MD owned about 5.69% of APi Group worth $562,120,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Strategic Financial Concepts LLC raised its position in shares of APi Group by 2,058.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock valued at $82,000 after acquiring an additional 217,071 shares during the period. Virtu Financial LLC acquired a new stake in APi Group during the 3rd quarter worth $813,000. SG Americas Securities LLC grew its stake in APi Group by 325.6% in the fourth quarter. SG Americas Securities LLC now owns 21,231 shares of the company's stock valued at $764,000 after acquiring an additional 16,242 shares during the period. Asset Management One Co. Ltd. raised its position in shares of APi Group by 24.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 89,897 shares of the company's stock worth $3,236,000 after purchasing an additional 17,404 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of APi Group in the 4th quarter valued at approximately $511,000. Institutional investors own 86.62% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. 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 report on Tuesday, February 18th. Truist Financial reaffirmed a "buy" rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Barclays lowered their price objective 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. Royal Bank of Canada upgraded shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price for the company in a report on Tuesday, January 14th. Finally, Robert W. Baird boosted their price target on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $43.14.

APi Group Price Performance

Shares of NYSE APG traded down $0.09 during mid-day trading on Wednesday, hitting $37.40. 485,986 shares of the stock traded hands, compared to its average volume of 1,656,418. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The company has a market cap of $10.33 billion, a PE ratio of -18.94 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. The firm has a 50 day simple moving average of $36.32 and a two-hundred day simple moving average of $36.61.

Insider Transactions at APi Group

In related news, Director James E. Lillie sold 50,000 shares of the stock in a transaction on Monday, March 3rd. The stock was 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 in the company, valued at $39,724,327.91. This represents 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 this hyperlink. Company insiders own 17.00% of the company's stock.

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.