M.D. Sass LLC Sells 37,066 Shares of APi Group Co. (NYSE:APG)

M.D. Sass LLC cut its holdings in APi Group Co. (NYSE:APG) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,276,407 shares of the company’s stock after selling 37,066 shares during the period. APi Group comprises approximately 6.2% of M.D. Sass LLC’s holdings, making the stock its biggest position. M.D. Sass LLC owned 0.83% of APi Group worth $81,882,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. First Horizon Advisors Inc. bought a new position in APi Group during the 3rd quarter worth $26,000. Blue Trust Inc. grew its position in shares of APi Group by 92.3% during the fourth 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. ORG Wealth Partners LLC acquired a new stake in shares of APi Group in the 4th quarter worth about $34,000. Avior Wealth Management LLC bought a new stake in APi Group in the 3rd quarter valued at about $33,000. Finally, R Squared Ltd acquired a new position in APi Group during the 4th quarter valued at about $85,000. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Up 3.5 %

Shares of APi Group stock opened at $38.43 on Tuesday. 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 Co. has a 12-month low of $31.44 and a 12-month high of $41.31. The firm has a market capitalization of $10.67 billion, a PE ratio of -19.51 and a beta of 1.54. The stock’s fifty day moving average is $37.85 and its 200-day moving average is $36.29.

Insider Buying and Selling at APi Group

In related news, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the sale, the director now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 18.20% of the company’s stock.

Analysts Set New Price Targets

APG has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price target on APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Truist Financial reissued a “buy” rating and issued a $48.00 price target (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. William Blair restated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. UBS Group reduced their price objective on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Citigroup dropped 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.43.

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.