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

Robertson Stephens Wealth Management LLC trimmed its holdings in shares of APi Group Co. (NYSE:APG) by 79.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advantage Alpha Capital Partners LP grew its stake in APi Group by 79.6% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock worth $8,885,000 after buying an additional 119,229 shares during the last quarter. GSA Capital Partners LLP purchased a new position in APi Group during the 3rd quarter worth $881,000. Dynamic Technology Lab Private Ltd purchased a new position in APi Group during the 3rd quarter worth $2,586,000. Oppenheimer Asset Management Inc. grew its stake in APi Group by 60.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock worth $3,290,000 after buying an additional 37,531 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in APi Group by 5,964.3% during the 3rd quarter. Quantbot Technologies LP now owns 159,794 shares of the company’s stock worth $5,276,000 after buying an additional 157,159 shares during the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Truist Financial started coverage on APi Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $45.00 target price on the stock. William Blair reissued an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Citigroup cut their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Tuesday, January 14th. Finally, Robert W. Baird increased their price objective on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.38.

APi Group Stock Down 0.4 %

APi Group stock opened at $38.50 on Friday. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of -19.54 and a beta of 1.55. APi Group Co. has a 52 week low of $31.44 and a 52 week high of $40.89. The business’s 50-day moving average price is $37.39 and its 200 day moving average price is $35.64. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

Insider Buying and Selling

In related news, Director Ian G. H. Ashken sold 53,868 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the transaction, the director now owns 1,134,635 shares in the company, valued at $41,958,802.30. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is owned by corporate insiders.

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.