APi Group Co. (NYSE:APG) Shares Bought by Capital Research Global Investors

Capital Research Global Investors grew its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 118.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,947,284 shares of the company's stock after buying an additional 5,931,314 shares during the period. Capital Research Global Investors owned 3.98% of APi Group worth $393,774,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its stake in APi Group by 1.6% during the 3rd quarter. Barclays PLC now owns 364,281 shares of the company's stock valued at $12,026,000 after acquiring an additional 5,701 shares in the last quarter. Virtu Financial LLC acquired a new position in APi Group during the third quarter worth $813,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of APi Group in the third quarter worth $450,000. Tidal Investments LLC boosted its holdings in APi Group by 10.8% in the 3rd quarter. Tidal Investments LLC now owns 54,553 shares of the company's stock valued at $1,801,000 after purchasing an additional 5,337 shares during the period. Finally, Everence Capital Management Inc. bought a new position in APi Group in the fourth quarter worth $288,000. Hedge funds and other institutional investors own 86.62% of the company's stock.

Insider Buying and Selling at APi Group

In related news, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the transaction, the director now owns 1,046,203 shares in the company, valued at $39,724,327.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.00% of the stock is owned by corporate insiders.

APi Group Stock Up 3.7 %

NYSE:APG traded up $1.29 during mid-day trading on Wednesday, hitting $36.05. 1,329,623 shares of the company's stock were exchanged, compared to its average volume of 1,657,822. APi Group Co. has a one year low of $30.76 and a one year high of $41.31. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The business has a fifty day moving average price of $36.48 and a 200 day moving average price of $36.45. The company has a market cap of $9.96 billion, a PE ratio of -18.30 and a beta of 1.55.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Robert W. Baird upped their price target on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Citigroup lowered their target price on APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays lowered their price target on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Royal Bank of Canada raised 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 report on Tuesday, January 14th. Finally, UBS Group cut their price target on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.14.

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.