Legal & General Group Plc lessened its position in APi Group Co. (NYSE:APG - Free Report) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 264,800 shares of the company's stock after selling 20,637 shares during the quarter. Legal & General Group Plc owned about 0.10% of APi Group worth $9,525,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. FMR LLC grew its position in APi Group by 106.1% during the third quarter. FMR LLC now owns 14,511 shares of the company's stock worth $479,000 after buying an additional 7,469 shares in the last quarter. Barclays PLC lifted its position in shares of APi Group by 1.6% in the 3rd quarter. Barclays PLC now owns 364,281 shares of the company's stock worth $12,026,000 after acquiring an additional 5,701 shares during the period. Virtu Financial LLC acquired a new stake in shares of APi Group during the 3rd quarter worth approximately $813,000. Wilmington Savings Fund Society FSB bought a new stake in shares of APi Group during the third quarter valued at approximately $450,000. Finally, Tidal Investments LLC raised its stake in shares of APi Group by 10.8% in the third quarter. Tidal Investments LLC now owns 54,553 shares of the company's stock valued at $1,801,000 after purchasing an additional 5,337 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Barclays lowered their price target 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. Citigroup dropped their price target on shares of APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada upgraded shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research note on Tuesday, January 14th. Robert W. Baird increased 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. Finally, Truist Financial reaffirmed a "buy" rating and issued a $48.00 price target (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, APi Group presently has an average rating of "Moderate Buy" and an average price target of $43.14.
Get Our Latest Report on APi Group
Insider Buying and Selling
In other 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 transaction of $1,898,500.00. Following the completion of the transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.00% of the stock is owned by corporate insiders.
APi Group Trading Up 4.3 %
NYSE:APG traded up $1.50 on Wednesday, reaching $36.26. The company's stock had a trading volume of 177,810 shares, compared to its average volume of 1,654,587. The firm has a market cap of $10.02 billion, a PE ratio of -18.41 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The business's 50-day moving average price is $36.48 and its two-hundred day moving average price is $36.45. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $41.31.
APi Group Company Profile
(
Free Report)
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.
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