GW&K Investment Management LLC Has $94.65 Million Stock Position in APi Group Co. (NYSE:APG)

GW&K Investment Management LLC increased its position in APi Group Co. (NYSE:APG) by 19.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,631,409 shares of the company’s stock after purchasing an additional 432,926 shares during the quarter. APi Group accounts for 0.8% of GW&K Investment Management LLC’s portfolio, making the stock its 17th biggest holding. GW&K Investment Management LLC’s holdings in APi Group were worth $94,652,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APG. Raymond James & Associates boosted its holdings in APi Group by 20.2% in the third quarter. Raymond James & Associates now owns 173,774 shares of the company’s stock worth $5,738,000 after acquiring an additional 29,175 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of APi Group by 1.5% during the third quarter. Asset Management One Co. Ltd. now owns 72,493 shares of the company’s stock valued at $2,394,000 after acquiring an additional 1,095 shares in the last quarter. Capital Investment Services of America Inc. acquired a new position in shares of APi Group during the third quarter worth approximately $9,941,000. River Road Asset Management LLC lifted its holdings in shares of APi Group by 42.9% in the 3rd quarter. River Road Asset Management LLC now owns 243,951 shares of the company’s stock worth $8,055,000 after purchasing an additional 73,272 shares in the last quarter. Finally, Equitable Trust Co. grew its position in APi Group by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 20,325 shares of the company’s stock valued at $671,000 after purchasing an additional 446 shares during the period. 86.62% of the stock is owned by institutional investors.

APi Group Trading Down 2.9 %

Shares of APG stock opened at $38.83 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of -19.71 and a beta of 1.55. APi Group Co. has a 52-week low of $31.44 and a 52-week high of $41.31. The company has a 50-day simple moving average of $37.58 and a two-hundred day simple moving average of $35.97.

Analysts Set New Price Targets

Several research analysts have weighed in on APG shares. UBS Group lowered 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. Royal Bank of Canada raised 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 research report on Tuesday, January 14th. Robert W. Baird raised their price target on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday. Truist Financial reissued a “buy” rating and set a $48.00 price objective (up from $45.00) on shares of APi Group in a report on Thursday. Finally, William Blair restated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, APi Group presently has an average rating of “Moderate Buy” and an average target price of $44.00.

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.