7,431 Shares in APi Group Co. (NYSE:APG) Purchased by Farringdon Capital Ltd.

Farringdon Capital Ltd. purchased 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 SEC. The institutional investor purchased 7,431 shares of the company's stock, valued at approximately $267,000.

Several other hedge funds have also recently bought and sold shares of APG. Blue Trust Inc. grew its holdings in APi Group by 92.3% in 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 last quarter. ORG Wealth Partners LLC acquired a new position in APi Group during the fourth quarter worth about $34,000. First Horizon Advisors Inc. grew its position in shares of APi Group by 53.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock valued at $43,000 after purchasing an additional 414 shares during the last quarter. R Squared Ltd purchased a new position in shares of APi Group during the 4th quarter worth approximately $85,000. Finally, Principal Securities Inc. raised its position in shares of APi Group by 28.1% during the 4th quarter. Principal Securities Inc. now owns 2,611 shares of the company's stock worth $94,000 after purchasing an additional 573 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at APi Group

In related news, Director James E. Lillie sold 50,000 shares of the firm'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 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 filing with the SEC, which can be accessed through this link. 17.00% of the stock is currently owned by corporate insiders.

APi Group Trading Up 3.7 %

Shares of APG stock traded up $1.29 during mid-day trading on Wednesday, reaching $36.05. The company's stock had a trading volume of 1,329,623 shares, compared to its average volume of 1,524,487. 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 $9.96 billion, a PE ratio of -18.30 and a beta of 1.55. The company's 50 day simple moving average is $36.48 and its 200-day simple moving average is $36.45. APi Group Co. has a 12-month low of $30.76 and a 12-month high of $41.31.

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.