Robertson Stephens Wealth Management LLC Sells 45,836 Shares of APi Group Co. (NYSE:APG)

Robertson Stephens Wealth Management LLC lessened its holdings in shares of APi Group Co. (NYSE:APG) by 79.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,524 shares of the company’s stock after selling 45,836 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in APi Group were worth $415,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new position in APi Group during the 3rd quarter valued at approximately $26,000. Blue Trust Inc. grew its holdings in APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after buying an additional 386 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in APi Group during the 4th quarter valued at approximately $34,000. Avior Wealth Management LLC purchased a new position in APi Group during the 3rd quarter valued at approximately $33,000. Finally, R Squared Ltd purchased a new position in APi Group during the 4th quarter valued at approximately $85,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Price Performance

Shares of APG stock opened at $38.50 on Friday. APi Group Co. has a 52-week low of $31.44 and a 52-week high of $40.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The firm has a market capitalization of $10.58 billion, a P/E ratio of -19.54 and a beta of 1.55. The stock has a 50 day moving average price of $37.39 and a 200 day moving average price of $35.64.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on APG. William Blair restated an “outperform” rating on shares of APi Group in a 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 report on Tuesday, November 5th. Citigroup dropped their target price 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 assumed coverage on APi Group in a report on Wednesday, January 22nd. They issued a “buy” rating and a $45.00 target price for the company. 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 analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, APi Group 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 APi Group stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the sale, the director now directly owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. The trade was a 0.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the sale, the director now directly owns 1,134,635 shares of the company’s stock, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is owned by corporate 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.