CIBC Asset Management Inc Has $265,000 Stock Holdings in APi Group Co. (NYSE:APG)

CIBC Asset Management Inc raised its stake in APi Group Co. (NYSE:APG) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,380 shares of the company’s stock after purchasing an additional 370 shares during the quarter. CIBC Asset Management Inc’s holdings in APi Group were worth $265,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake in shares of APi Group by 19.2% in the third quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock valued at $277,079,000 after buying an additional 1,351,013 shares in the last quarter. Two Sigma Advisers LP lifted its stake in APi Group by 124.7% in the third quarter. Two Sigma Advisers LP now owns 894,600 shares of the company’s stock valued at $29,540,000 after acquiring an additional 496,500 shares during the last quarter. Progeny 3 Inc. increased its stake in shares of APi Group by 24.2% during the 3rd quarter. Progeny 3 Inc. now owns 2,298,025 shares of the company’s stock worth $75,881,000 after purchasing an additional 447,200 shares during the last quarter. Swedbank AB raised its holdings 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 valued at $72,941,000 after purchasing an additional 349,000 shares during the period. Finally, Capital Investment Services of America Inc. acquired a new stake in APi Group in the 3rd quarter valued at about $9,941,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on APG. UBS Group lowered their price target on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Citigroup decreased their target price on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Robert W. Baird raised their price target on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. Truist Financial started coverage on shares of APi Group in a report on Wednesday, January 22nd. They issued a “buy” rating and a $45.00 price objective on the stock. Finally, Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Tuesday, January 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.88.

APi Group Trading Down 1.4 %

APG stock opened at $39.24 on Tuesday. APi Group Co. has a 52 week low of $31.44 and a 52 week high of $41.31. The company has a market capitalization of $10.78 billion, a PE ratio of -19.92 and a beta of 1.55. The company’s 50-day simple moving average is $37.45 and its 200 day simple moving average is $35.88. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

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.