M.D. Sass LLC Has $81.88 Million Holdings in APi Group Co. (NYSE:APG)

M.D. Sass LLC decreased its holdings in shares of APi Group Co. (NYSE:APG) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,276,407 shares of the company’s stock after selling 37,066 shares during the quarter. APi Group makes up about 6.2% of M.D. Sass LLC’s holdings, making the stock its biggest position. M.D. Sass LLC’s holdings in APi Group were worth $81,882,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Equitable Trust Co. boosted its holdings in shares of APi Group by 1.7% during the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company’s stock worth $744,000 after buying an additional 351 shares during the period. CIBC Asset Management Inc lifted its position in APi Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock worth $265,000 after acquiring an additional 370 shares during the last quarter. Blue Trust Inc. lifted its position 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 acquiring an additional 386 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in APi Group by 3.9% during the fourth quarter. EntryPoint Capital LLC now owns 10,435 shares of the company’s stock valued at $375,000 after acquiring an additional 389 shares during the period. Finally, First Horizon Advisors Inc. grew its position in shares of APi Group by 53.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after purchasing an additional 414 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Price Performance

Shares of APi Group stock opened at $38.43 on Tuesday. The firm has a market cap of $10.67 billion, a P/E ratio of -19.51 and a beta of 1.54. The firm’s 50-day simple moving average is $37.85 and its 200-day simple moving average is $36.29. APi Group Co. has a twelve month low of $31.44 and a twelve month high of $41.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

Wall Street Analyst Weigh In

APG has been the subject of a number of research analyst reports. Robert W. Baird upped their price target on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. UBS Group cut their target price on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Citigroup decreased their price target on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Finally, Truist Financial reissued a “buy” rating and set a $48.00 target price (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, APi Group currently has an average rating of “Moderate Buy” and a consensus target price of $43.43.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 18.20% 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.