46,400 Shares in APi Group Co. (NYSE:APG) Acquired by Oribel Capital Management LP

Oribel Capital Management LP bought a new stake in shares of APi Group Co. (NYSE:APG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 46,400 shares of the company's stock, valued at approximately $1,669,000.

Several other large investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its position in APi Group by 92.3% during 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 during the period. ORG Wealth Partners LLC purchased a new position in shares of APi Group in the 4th quarter valued at about $34,000. First Horizon Advisors Inc. increased its stake in shares of APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock valued at $43,000 after purchasing an additional 414 shares in the last quarter. R Squared Ltd acquired a new position in APi Group in the 4th quarter worth about $85,000. Finally, Principal Securities Inc. boosted its position in APi Group by 28.1% during the fourth quarter. Principal Securities Inc. now owns 2,611 shares of the company's stock worth $94,000 after purchasing an additional 573 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Price Performance

Shares of NYSE APG traded up $0.03 during mid-day trading on Friday, reaching $34.35. The company's stock had a trading volume of 364,016 shares, compared to its average volume of 1,693,493. The stock has a 50-day moving average of $37.01 and a two-hundred day moving average of $36.34. 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 $9.53 billion, a P/E ratio of -17.39 and a beta of 1.55. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $41.31.

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Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays cut their price objective on APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. UBS Group cut their price target on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Truist Financial reaffirmed a "buy" rating and set a $48.00 price objective (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Citigroup cut their target price on shares of APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada upgraded shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research report on Tuesday, January 14th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.29.

Insider Buying and Selling at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the transaction, the director now owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 18.20% of the stock is owned by insiders.

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.