Loomis Sayles & Co. L P Has $19.96 Million Position in APi Group Co. (NYSE:APG)

Loomis Sayles & Co. L P raised its stake in APi Group Co. (NYSE:APG) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 555,019 shares of the company’s stock after buying an additional 19,226 shares during the quarter. Loomis Sayles & Co. L P owned 0.20% of APi Group worth $19,964,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of 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 acquiring an additional 386 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in APi Group in the fourth quarter valued at about $34,000. First Horizon Advisors Inc. increased its position in APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after purchasing an additional 414 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in shares of APi Group by 2,058.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after purchasing an additional 217,071 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of APi Group during the 4th quarter valued at about $85,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Transactions at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the sale, the director now owns 1,046,203 shares of the company’s stock, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 18.20% of the stock is currently owned by corporate insiders.

APi Group Stock Down 1.9 %

APi Group stock opened at $35.99 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 fifty-two week low of $31.44 and a fifty-two week high of $41.31. The firm has a fifty day moving average price of $37.81 and a two-hundred day moving average price of $36.35. The firm has a market cap of $9.99 billion, a price-to-earnings ratio of -18.27 and a beta of 1.54.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on APG. Robert W. Baird increased their price objective on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Citigroup cut their price target on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Barclays decreased their price objective on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday. William Blair restated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Finally, Truist Financial reiterated a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.29.

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.