Massachusetts Financial Services Co. MA Purchases 108,814 Shares of APi Group Co. (NYSE:APG)

Massachusetts Financial Services Co. MA raised its position in shares of APi Group Co. (NYSE:APGFree Report) by 15.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 831,502 shares of the company’s stock after purchasing an additional 108,814 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in APi Group were worth $21,561,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in APi Group by 1.3% during the third quarter. Vanguard Group Inc. now owns 18,749,793 shares of the company’s stock valued at $248,811,000 after purchasing an additional 232,473 shares in the last quarter. BlackRock Inc. lifted its holdings in APi Group by 4.1% during the first quarter. BlackRock Inc. now owns 15,083,919 shares of the company’s stock valued at $339,087,000 after purchasing an additional 593,023 shares in the last quarter. State Street Corp lifted its holdings in APi Group by 4.9% during the first quarter. State Street Corp now owns 4,343,571 shares of the company’s stock valued at $97,643,000 after purchasing an additional 201,805 shares in the last quarter. Geode Capital Management LLC lifted its holdings in APi Group by 2.3% during the second quarter. Geode Capital Management LLC now owns 3,983,002 shares of the company’s stock valued at $108,577,000 after purchasing an additional 90,257 shares in the last quarter. Finally, Findlay Park Partners LLP lifted its holdings in APi Group by 225.7% during the third quarter. Findlay Park Partners LLP now owns 3,832,820 shares of the company’s stock valued at $99,385,000 after purchasing an additional 2,656,158 shares in the last quarter. Hedge funds and other institutional investors own 83.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group reiterated a “buy” rating and set a $40.00 price objective (up previously from $37.00) on shares of APi Group in a research report on Thursday, January 25th. TheStreet upgraded shares of APi Group from a “c+” rating to a “b-” rating in a research report on Friday, November 24th. Finally, Citigroup lifted their price objective on shares of APi Group from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, December 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, APi Group currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

View Our Latest Analysis on APi Group

APi Group Trading Up 0.9 %

Shares of APG opened at $35.19 on Friday. The company’s fifty day moving average is $32.50 and its 200 day moving average is $29.18. APi Group Co. has a fifty-two week low of $20.05 and a fifty-two week high of $35.40. The stock has a market capitalization of $8.29 billion, a PE ratio of 97.75, a P/E/G ratio of 1.17 and a beta of 1.62. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.31 and a current ratio of 1.40.

About APi Group

(Free Report)

APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, the Asian-Pacific, and other countries. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, and inspection and service of these integrated systems.

See Also

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Institutional Ownership by Quarter for APi Group (NYSE:APG)

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