Marshall Wace LLP Has $5.25 Million Holdings in APi Group Co. (NYSE:APG)

Marshall Wace LLP reduced its stake in APi Group Co. (NYSE:APG - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,941 shares of the company's stock after selling 33,591 shares during the period. Marshall Wace LLP owned 0.05% of APi Group worth $5,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its position in APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock worth $27,000 after purchasing an additional 386 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of APi Group in the fourth quarter valued at $34,000. First Horizon Advisors Inc. grew its holdings in APi Group by 53.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock worth $43,000 after acquiring an additional 414 shares during the period. Strategic Financial Concepts LLC raised its position in APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock worth $82,000 after acquiring an additional 217,071 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in APi Group in the 4th quarter valued at about $85,000. 86.62% of the stock is currently owned by institutional investors.

Insider Activity at APi Group

In other APi Group 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 transaction, the director now directly owns 1,046,203 shares in the company, valued at $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 available at the SEC website. Insiders own 17.00% of the company's stock.

APi Group Stock Down 0.3 %

APG stock traded down $0.12 during mid-day trading on Tuesday, hitting $37.24. The stock had a trading volume of 299,901 shares, compared to its average volume of 1,652,604. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $41.31. The company has a fifty day moving average of $36.39 and a 200 day moving average of $36.61. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of -18.91 and a beta of 1.55.

Analyst Upgrades and Downgrades

Several analysts recently commented on APG shares. Citigroup cut 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. Barclays dropped their price target on APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research note 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 target price on the stock in a research report on Tuesday, January 14th. UBS Group cut their target price on shares of APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Finally, Robert W. Baird raised their target price on APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $43.14.

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.