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

Bradley Foster & Sargent Inc. CT bought a new position in APi Group Co. (NYSE:APG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 31,890 shares of the company’s stock, valued at approximately $1,147,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APG. Janus Henderson Group PLC grew its position in shares of APi Group by 19.2% in the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after buying an additional 1,351,013 shares during the period. Handelsbanken Fonder AB grew its position 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 buying an additional 590,000 shares during the period. Two Sigma Advisers LP grew its position in shares of APi Group by 124.7% in the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the company’s stock worth $29,540,000 after buying an additional 496,500 shares during the period. Progeny 3 Inc. grew its position in shares of APi Group by 24.2% in the 3rd quarter. Progeny 3 Inc. now owns 2,298,025 shares of the company’s stock worth $75,881,000 after buying an additional 447,200 shares during the period. Finally, Swedbank AB grew its position in shares of APi Group by 18.8% in the 3rd quarter. Swedbank AB now owns 2,209,000 shares of the company’s stock worth $72,941,000 after buying an additional 349,000 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Price Performance

APG opened at $39.86 on Friday. 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 stock has a market capitalization of $10.95 billion, a P/E ratio of -20.23 and a beta of 1.55. The company’s 50-day simple moving average is $37.42 and its two-hundred day simple moving average is $35.82. APi Group Co. has a 52-week low of $31.44 and a 52-week high of $41.31.

Analyst Ratings Changes

APG has been the topic of a number of recent research reports. UBS Group reduced 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 report on Tuesday, February 18th. 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 on the stock in a research report on Tuesday, January 14th. William Blair reissued an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Citigroup cut their price objective 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. Finally, Truist Financial assumed coverage on shares of APi Group in a research report on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price objective on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.88.

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.