Dynamic Technology Lab Private Ltd Trims Stock Holdings in APi Group Co. (NYSE:APG)

Dynamic Technology Lab Private Ltd decreased its holdings in APi Group Co. (NYSE:APG - Free Report) by 72.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,760 shares of the company's stock after selling 56,559 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in APi Group were worth $782,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in APG. Equitable Trust Co. lifted its holdings in APi Group by 1.7% in the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company's stock worth $744,000 after purchasing an additional 351 shares in the last quarter. CIBC Asset Management Inc grew its holdings in APi Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company's stock valued at $265,000 after purchasing an additional 370 shares during the last quarter. Blue Trust Inc. grew 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 buying an additional 386 shares during the last quarter. EntryPoint Capital LLC increased its stake in APi Group by 3.9% in the fourth quarter. EntryPoint Capital LLC now owns 10,435 shares of the company's stock worth $375,000 after purchasing an additional 389 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in APi Group by 53.4% in 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. 86.62% of the stock is currently owned by institutional investors.

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APi Group Stock Up 0.5 %

Shares of APi Group stock traded up $0.16 during trading on Friday, reaching $34.48. The company's stock had a trading volume of 245,320 shares, compared to its average volume of 1,526,172. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $41.31. The company has a 50-day simple moving average of $37.01 and a two-hundred day simple moving average of $36.34. 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 company has a market cap of $9.57 billion, a price-to-earnings ratio of -17.47 and a beta of 1.55.

Insiders Place Their Bets

In related news, Director James E. Lillie sold 50,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the transaction, the director now directly owns 1,046,203 shares of the company's stock, valued at $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 is available through this hyperlink. Corporate insiders own 18.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group reduced their price objective on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Citigroup cut their price objective on shares of APi Group from $45.00 to $43.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Robert W. Baird upped their target price on APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. 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. Finally, Barclays reduced their price target 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.29.

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.