Rice Hall James & Associates LLC Has $3.74 Million Position in APi Group Co. (NYSE:APG)

Rice Hall James & Associates LLC lowered its holdings in APi Group Co. (NYSE:APG) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 103,873 shares of the company’s stock after selling 986 shares during the quarter. Rice Hall James & Associates LLC’s holdings in APi Group were worth $3,736,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC purchased a new position in APi Group during the 4th quarter worth $159,000. Truist Financial Corp boosted its holdings in APi Group by 18.0% during the 4th quarter. Truist Financial Corp now owns 145,527 shares of the company’s stock worth $5,235,000 after acquiring an additional 22,184 shares during the last quarter. CIBC Asset Management Inc boosted 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 worth $265,000 after acquiring an additional 370 shares during the last quarter. Principal Securities Inc. boosted its holdings in APi Group by 28.1% during the 4th quarter. Principal Securities Inc. now owns 2,611 shares of the company’s stock worth $94,000 after acquiring an additional 573 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in APi Group during the 4th quarter worth $748,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on APG. 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. Truist Financial assumed coverage on shares of APi Group in a report on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price objective on the stock. William Blair reissued an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Citigroup cut their price target on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, UBS Group cut their price target on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.88.

APi Group Trading Down 0.1 %

Shares of APi Group stock opened at $37.48 on Wednesday. APi Group Co. has a 52-week low of $31.44 and a 52-week high of $40.89. The stock’s 50-day simple moving average is $37.31 and its 200 day simple moving average is $35.68. The stock has a market capitalization of $10.30 billion, a P/E ratio of -19.02 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

APi Group Profile

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.