LPL Financial LLC increased its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 555.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 298,615 shares of the company's stock after buying an additional 253,039 shares during the quarter. LPL Financial LLC owned 0.11% of APi Group worth $10,741,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in 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 buying an additional 450 shares during the period. FMR LLC increased its stake in shares of APi Group by 106.1% in the third quarter. FMR LLC now owns 14,511 shares of the company's stock worth $479,000 after acquiring an additional 7,469 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of APi Group during the third quarter worth $304,000. Holocene Advisors LP acquired a new stake in APi Group during the third quarter valued at $725,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of APi Group during the 3rd quarter worth about $842,000. 86.62% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, Director James E. Lillie sold 50,000 shares of the stock in a transaction dated 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 sale, the director now owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.20% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Robert W. Baird boosted their price target on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Truist Financial reissued a "buy" rating and issued a $48.00 target price (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. 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 on the stock in a report on Tuesday, January 14th. Barclays decreased their price objective on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, Citigroup reduced their price target on APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a research report on Monday, January 13th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, APi Group presently has an average rating of "Moderate Buy" and an average target price of $43.29.
Check Out Our Latest Analysis on APG
APi Group Stock Performance
Shares of NYSE APG traded down $0.14 during trading hours on Tuesday, hitting $32.21. 1,544,557 shares of the company's stock were exchanged, compared to its average volume of 1,692,708. The company's 50-day moving average price is $37.19 and its 200-day moving average price is $36.34. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $41.31. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of -16.35 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.
About APi Group
(
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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