Natixis Makes New $536,000 Investment in APi Group Co. (NYSE:APG)

Natixis acquired a new position in shares of APi Group Co. (NYSE:APG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 14,905 shares of the company's stock, valued at approximately $536,000.

Several other hedge funds and other institutional investors also recently modified their holdings of APG. Capital Research Global Investors increased its holdings in APi Group by 118.2% in the fourth quarter. Capital Research Global Investors now owns 10,947,284 shares of the company's stock valued at $393,774,000 after buying an additional 5,931,314 shares during the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of APi Group during the 4th quarter valued at approximately $125,407,000. Norges Bank bought a new position in APi Group during the fourth quarter worth $98,028,000. Handelsbanken Fonder AB increased its stake in APi Group by 1,106.9% during the fourth quarter. Handelsbanken Fonder AB now owns 643,300 shares of the company's stock valued at $23,140,000 after purchasing an additional 590,000 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its holdings in shares of APi Group by 19.7% in the 4th quarter. GW&K Investment Management LLC now owns 2,631,409 shares of the company's stock valued at $94,652,000 after buying an additional 432,926 shares during the period. Institutional investors own 86.62% of the company's stock.

Insider Buying and Selling at APi Group

In related news, Director James E. Lillie sold 50,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 1,046,203 shares of the company's stock, 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 Securities & Exchange Commission, which is available at the SEC website. 17.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

APG has been the subject of a number of research reports. UBS Group decreased their target price on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Barclays cut their target price on APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Royal Bank of Canada raised shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a report on Tuesday, January 14th. Robert W. Baird upped their target price 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. Finally, 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 report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $43.14.

APi Group Price Performance

Shares of APi Group stock traded up $0.32 during trading on Wednesday, hitting $37.81. The stock had a trading volume of 2,315,428 shares, compared to its average volume of 1,662,531. The business has a fifty day moving average of $36.28 and a two-hundred day moving average of $36.62. APi Group Co. has a fifty-two week low of $30.76 and a fifty-two week high of $41.31. The firm has a market cap of $10.44 billion, a P/E ratio of -19.19 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.

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.