APi Group Co. (NYSE:APG) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 41.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,485 shares of the company's stock after selling 7,421 shares during the quarter. Prudential Financial Inc.'s holdings in APi Group were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of 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 purchasing an additional 386 shares during the period. ORG Wealth Partners LLC purchased a new stake in APi Group during the 4th quarter worth $34,000. First Horizon Advisors Inc. increased its stake in APi Group by 53.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock worth $43,000 after buying an additional 414 shares during the period. R Squared Ltd acquired a new position in APi Group in the 4th quarter worth $85,000. Finally, Principal Securities Inc. boosted its position in APi Group by 28.1% in the 4th quarter. Principal Securities Inc. now owns 2,611 shares of the company's stock valued at $94,000 after buying an additional 573 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APG has been the topic of several recent analyst reports. Barclays cut their price target on APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a research report on Tuesday, January 14th. Truist Financial reissued a "buy" rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Robert W. Baird upped their price target on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, Citigroup reduced their price objective on shares of APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $43.14.

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APi Group Stock Performance

Shares of NYSE:APG traded up $0.68 on Tuesday, reaching $36.03. 250,084 shares of the company's stock were exchanged, compared to its average volume of 1,522,753. APi Group Co. has a fifty-two week low of $30.76 and a fifty-two week high of $41.31. The business's 50-day moving average is $36.90 and its two-hundred day moving average is $36.38. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of -18.28 and a beta of 1.55.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 50,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.20% of the stock is currently owned by corporate insiders.

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.