Thematics Asset Management Has $25.83 Million Position in APi Group Co. (NYSE:APG)

Thematics Asset Management trimmed its stake in APi Group Co. (NYSE:APG - Free Report) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 718,000 shares of the company's stock after selling 100,000 shares during the period. APi Group comprises about 1.1% of Thematics Asset Management's investment portfolio, making the stock its 26th biggest position. Thematics Asset Management owned about 0.26% of APi Group worth $25,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in APG. Equitable Trust Co. boosted its stake in shares of APi Group by 1.7% in the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company's stock valued at $744,000 after purchasing an additional 351 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in APi Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company's stock valued at $265,000 after purchasing an additional 370 shares during the last quarter. Blue Trust Inc. boosted its position in APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after buying an additional 386 shares in the last quarter. EntryPoint Capital LLC grew its stake in APi Group by 3.9% during the fourth quarter. EntryPoint Capital LLC now owns 10,435 shares of the company's stock worth $375,000 after buying an additional 389 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of 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. Institutional investors own 86.62% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on APG shares. Truist Financial reissued a "buy" rating and set a $48.00 price objective (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Citigroup dropped 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 report on Monday, April 14th. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a research report on Tuesday, January 14th. Robert W. Baird boosted their target price on APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Finally, UBS Group lowered their price objective on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, APi Group currently has an average rating of "Moderate Buy" and an average price target of $43.14.

Insider Activity at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value 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. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 17.00% of the stock is owned by insiders.

APi Group Trading Up 0.4 %

Shares of APG stock traded up $0.16 on Friday, hitting $37.44. The stock had a trading volume of 647,820 shares, compared to its average volume of 1,514,746. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group Co. has a twelve month low of $30.76 and a twelve month high of $41.31. The company has a fifty day moving average price of $36.45 and a two-hundred day moving average price of $36.49. The firm has a market cap of $10.34 billion, a P/E ratio of -19.01 and a beta of 1.55.

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.