Bradley Foster & Sargent Inc. CT Invests $1.15 Million in APi Group Co. (NYSE:APG)

Bradley Foster & Sargent Inc. CT acquired a new position in APi Group Co. (NYSE:APG) during the 4th quarter, Holdings Channel reports. The firm acquired 31,890 shares of the company’s stock, valued at approximately $1,147,000.

Several other institutional investors have also recently made changes to their positions in the business. Equitable Trust Co. lifted its stake in shares of APi Group by 1.7% in the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company’s stock worth $744,000 after purchasing an additional 351 shares during the period. CIBC Asset Management Inc raised its stake 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 period. Blue Trust Inc. raised its stake 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 period. The Manufacturers Life Insurance Company raised its stake in APi Group by 0.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company’s stock worth $1,906,000 after acquiring an additional 450 shares during the period. Finally, Principal Securities Inc. raised its stake 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 period. Institutional investors own 86.62% of the company’s stock.

APi Group Trading Down 2.5 %

Shares of APG opened at $39.86 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $41.31. The company has a 50 day simple moving average of $37.42 and a two-hundred day simple moving average of $35.82. The firm has a market cap of $10.95 billion, a P/E ratio of -20.23 and a beta of 1.55.

Analyst Ratings Changes

A number of research firms have commented on APG. William Blair restated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Robert W. Baird raised their target price on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Truist Financial began coverage on shares of APi Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $45.00 target price on the stock. UBS Group decreased their target price on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, 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 for the company in a report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.88.

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.