WCM Investment Management LLC Sells 903,247 Shares of APi Group Co. (NYSE:APG)

WCM Investment Management LLC cut its holdings in shares of APi Group Co. (NYSE:APG) by 89.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,725 shares of the company’s stock after selling 903,247 shares during the quarter. WCM Investment Management LLC’s holdings in APi Group were worth $3,844,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of APG. Janus Henderson Group PLC raised its stake in shares of APi Group by 19.2% during the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after purchasing an additional 1,351,013 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in APi Group by 412.8% during the third quarter. Assenagon Asset Management S.A. now owns 1,044,034 shares of the company’s stock worth $34,474,000 after buying an additional 840,452 shares during the last quarter. Two Sigma Advisers LP raised its position in APi Group by 124.7% during the third quarter. Two Sigma Advisers LP now owns 894,600 shares of the company’s stock worth $29,540,000 after acquiring an additional 496,500 shares in the last quarter. Progeny 3 Inc. lifted its stake in APi Group by 24.2% in the third quarter. Progeny 3 Inc. now owns 2,298,025 shares of the company’s stock valued at $75,881,000 after acquiring an additional 447,200 shares during the last quarter. Finally, Swedbank AB grew its position in shares of APi Group by 18.8% in the 3rd quarter. Swedbank AB now owns 2,209,000 shares of the company’s stock valued at $72,941,000 after acquiring an additional 349,000 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Down 0.4 %

APG stock opened at $38.50 on Monday. APi Group Co. has a fifty-two week low of $31.44 and a fifty-two week high of $40.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of -19.54 and a beta of 1.55. The business’s fifty day moving average price is $37.40 and its two-hundred day moving average price is $35.63.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on APG shares. 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 on the stock in a report on Tuesday, January 14th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Barclays lifted their target price on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Citigroup cut their price target on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Truist Financial initiated coverage on shares of APi Group in a research report on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price objective for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and an average price target of $43.38.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the transaction, the director now owns 5,478,779 shares in the company, valued at $202,002,581.73. This represents a 0.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.20% of the stock is owned by insiders.

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.