Dilation Capital Management LP Makes New $3.38 Million Investment in APi Group Co. (NYSE:APG)

Dilation Capital Management LP bought a new position in APi Group Co. (NYSE:APG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 93,915 shares of the company's stock, valued at approximately $3,378,000. APi Group comprises 3.1% of Dilation Capital Management LP's holdings, making the stock its 14th biggest holding.

Several other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors boosted its holdings in APi Group by 118.2% in the 4th quarter. Capital Research Global Investors now owns 10,947,284 shares of the company's stock worth $393,774,000 after buying an additional 5,931,314 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in APi Group during the fourth quarter worth $125,407,000. Norges Bank purchased a new stake in APi Group in the 4th quarter valued at $98,028,000. Handelsbanken Fonder AB boosted its position in shares of APi Group by 1,106.9% during the 4th quarter. Handelsbanken Fonder AB now owns 643,300 shares of the company's stock valued at $23,140,000 after acquiring an additional 590,000 shares during the last quarter. Finally, GW&K Investment Management LLC grew its holdings in shares of APi Group by 19.7% in the fourth quarter. GW&K Investment Management LLC now owns 2,631,409 shares of the company's stock valued at $94,652,000 after purchasing an additional 432,926 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Robert W. Baird lifted their price target 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. UBS Group cut their price objective on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Truist Financial reaffirmed a "buy" rating and issued a $48.00 target price (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Barclays reduced their price objective 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. Finally, Citigroup lowered their target price on shares of APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $43.14.

APi Group Stock Performance

APG traded up $0.19 during trading on Friday, hitting $37.47. 1,121,875 shares of the stock were exchanged, compared to its average volume of 1,655,900. The stock has a fifty day moving average price of $36.45 and a two-hundred day moving average price of $36.52. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $41.31. The firm has a market capitalization of $10.35 billion, a P/E ratio of -19.02 and a beta of 1.55. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

Insider Buying and Selling

In other APi Group news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the transaction, the director now directly owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.00% of the stock is owned by company insiders.

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.