Blair William & Co. IL Purchases New Shares in APi Group Co. (NYSE:APG)

Blair William & Co. IL purchased a new stake in APi Group Co. (NYSE:APG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,625 shares of the company's stock, valued at approximately $706,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in shares of APi Group by 0.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company's stock valued at $1,906,000 after purchasing an additional 450 shares during the period. FMR LLC raised its holdings in shares of APi Group by 106.1% in the 3rd quarter. FMR LLC now owns 14,511 shares of the company's stock worth $479,000 after purchasing an additional 7,469 shares during the period. Centiva Capital LP purchased a new stake in shares of APi Group during the 3rd quarter valued at approximately $304,000. Holocene Advisors LP bought a new position in APi Group in the 3rd quarter worth about $725,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of APi Group in the third quarter worth $842,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on APG shares. 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 note on Tuesday, January 14th. Robert W. Baird boosted their price objective on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Barclays cut their target price 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. Citigroup decreased their target price on APi Group from $45.00 to $43.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, UBS Group dropped their price target on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research report 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 company's stock. According to MarketBeat, APi Group presently has an average rating of "Moderate Buy" and an average price target of $43.29.

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Insider Buying and Selling

In other APi Group news, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction dated 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 owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.20% of the stock is currently owned by company insiders.

APi Group Trading Down 0.4 %

NYSE:APG traded down $0.14 on Tuesday, hitting $32.21. 1,544,557 shares of the stock were exchanged, compared to its average volume of 1,692,708. The stock has a market cap of $8.94 billion, a PE ratio of -16.35 and a beta of 1.55. APi Group Co. has a fifty-two week low of $30.76 and a fifty-two week high of $41.31. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock has a fifty day moving average of $37.19 and a 200-day moving average of $36.34.

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.