Wolverine Asset Management LLC Buys 41,000 Shares of APi Group Co. (NYSE:APG)

Wolverine Asset Management LLC boosted its stake in APi Group Co. (NYSE:APG) by 58.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 111,000 shares of the company’s stock after purchasing an additional 41,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in APi Group were worth $3,993,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Handelsbanken Fonder AB boosted its holdings in shares of APi Group by 1,106.9% during the 4th quarter. Handelsbanken Fonder AB now owns 643,300 shares of the company’s stock valued at $23,140,000 after buying an additional 590,000 shares in the last quarter. Venturi Wealth Management LLC bought a new position in APi Group in the 4th quarter worth about $159,000. Truist Financial Corp boosted its stake in APi Group by 18.0% in the 4th quarter. Truist Financial Corp now owns 145,527 shares of the company’s stock worth $5,235,000 after purchasing an additional 22,184 shares in the last quarter. CIBC Asset Management Inc boosted its stake in APi Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock worth $265,000 after purchasing an additional 370 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in APi Group by 28.1% in the 4th quarter. Principal Securities Inc. now owns 2,611 shares of the company’s stock worth $94,000 after purchasing an additional 573 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

APG has been the topic of a number of analyst reports. Barclays upped their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Citigroup decreased their target price on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Truist Financial initiated coverage on APi Group in a research report on Wednesday, January 22nd. They issued a “buy” rating and a $45.00 target price for the company. Robert W. Baird boosted their target price on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Finally, William Blair reiterated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, APi Group presently has a consensus rating of “Moderate Buy” and an average target price of $42.88.

APi Group Price Performance

Shares of NYSE:APG opened at $40.75 on Friday. APi Group Co. has a twelve month low of $31.44 and a twelve month high of $41.27. The stock has a market capitalization of $11.20 billion, a PE ratio of -20.69 and a beta of 1.55. The firm’s 50 day moving average price is $37.38 and its 200-day moving average price is $35.75. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

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.