First Horizon Advisors Inc. Acquires 414 Shares of APi Group Co. (NYSE:APG)

First Horizon Advisors Inc. boosted its holdings in APi Group Co. (NYSE:APG) by 53.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,190 shares of the company’s stock after acquiring an additional 414 shares during the quarter. First Horizon Advisors Inc.’s holdings in APi Group were worth $43,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Bradley Foster & Sargent Inc. CT bought a new position in APi Group in the 4th quarter worth about $1,147,000. Wolverine Asset Management LLC boosted its holdings in shares of APi Group by 58.6% in the 4th quarter. Wolverine Asset Management LLC now owns 111,000 shares of the company’s stock worth $3,993,000 after purchasing an additional 41,000 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of APi Group by 1,106.9% in the 4th quarter. Handelsbanken Fonder AB now owns 643,300 shares of the company’s stock worth $23,140,000 after purchasing an additional 590,000 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of APi Group in the 4th quarter worth about $159,000. Finally, Truist Financial Corp boosted its holdings in shares of 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. 86.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on APG shares. Citigroup cut their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. Truist Financial reiterated a “buy” rating and issued a $48.00 price objective (up from $45.00) on shares of APi Group in a report on Thursday. Barclays upped their price objective on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. UBS Group dropped their target price on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

APi Group Trading Down 2.9 %

APG opened at $38.83 on Friday. The business has a 50 day simple moving average of $37.58 and a two-hundred day simple moving average of $35.97. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of -19.71 and a beta of 1.55. 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 one year low of $31.44 and a one year high of $41.31.

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.