Pelham Capital Ltd. Purchases Shares of 209,612 APi Group Co. (NYSE:APG)

Pelham Capital Ltd. bought a new position in shares of APi Group Co. (NYSE:APG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 209,612 shares of the company's stock, valued at approximately $7,540,000. APi Group comprises about 4.4% of Pelham Capital Ltd.'s investment portfolio, making the stock its 7th largest holding. Pelham Capital Ltd. owned 0.08% of APi Group as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in APG. First Horizon Advisors Inc. purchased a new stake in shares of APi Group in the third quarter valued at about $26,000. Blue Trust Inc. increased its holdings in APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after buying an additional 386 shares in the last quarter. Avior Wealth Management LLC acquired a new position in APi Group during the third quarter worth $33,000. ORG Wealth Partners LLC purchased a new stake in shares of APi Group in the 4th quarter worth about $34,000. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock valued at $82,000 after purchasing an additional 217,071 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on APG. Royal Bank of Canada upgraded 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. Citigroup cut their target price on shares of APi Group from $45.00 to $43.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Robert W. Baird upped their price target on APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, November 26th. William Blair restated an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. Finally, Truist Financial assumed coverage on shares of APi Group in a research note on Wednesday, January 22nd. They set a "buy" rating and a $45.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.38.

APi Group Price Performance

APi Group stock traded down $0.69 on Wednesday, reaching $37.62. The company's stock had a trading volume of 635,535 shares, compared to its average volume of 1,104,865. 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 company has a market cap of $10.34 billion, a price-to-earnings ratio of -19.10 and a beta of 1.55. APi Group Co. has a twelve month low of $31.44 and a twelve month high of $40.89. The business's fifty day moving average price is $37.44 and its 200 day moving average price is $35.65.

APi Group Company 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.