Proficio Capital Partners LLC Acquires New Position in APi Group Co. (NYSE:APG)

Proficio Capital Partners LLC purchased a new position in shares of APi Group Co. (NYSE:APG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 14,208 shares of the company's stock, valued at approximately $511,000.

Several other large investors also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. lifted its position in shares of APi Group by 7.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 107,509 shares of the company's stock valued at $3,867,000 after acquiring an additional 7,862 shares during the period. Lingotto Investment Management LLP acquired a new position in shares of APi Group during the fourth quarter valued at about $4,604,000. First Horizon Advisors Inc. boosted its position in shares of APi Group by 53.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock worth $43,000 after purchasing an additional 414 shares in the last quarter. Bradley Foster & Sargent Inc. CT bought a new position in shares of APi Group during the 4th quarter worth about $1,147,000. Finally, Wolverine Asset Management LLC grew its stake in shares of APi Group by 58.6% in the 4th quarter. Wolverine Asset Management LLC now owns 111,000 shares of the company's stock valued at $3,993,000 after buying an additional 41,000 shares during the period. Institutional investors and hedge funds own 86.62% of the company's stock.

Insider Buying and Selling at APi Group

In related news, Director James E. Lillie sold 50,000 shares of the 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 sale, the director now directly owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 18.20% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target on the stock 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. Truist Financial restated a "buy" rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. UBS Group dropped their price objective 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, Citigroup reduced their price objective on shares of APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a report on Monday, January 13th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $44.00.

APi Group Stock Down 2.8 %

Shares of APG traded down $1.03 during trading hours on Thursday, reaching $35.73. 880,040 shares of the stock traded hands, compared to its average volume of 1,641,668. APi Group Co. has a 52 week low of $31.44 and a 52 week high of $41.31. The company has a market cap of $9.92 billion, a price-to-earnings ratio of -18.13 and a beta of 1.54. The stock has a fifty day simple moving average of $37.68 and a 200 day simple moving average of $36.14. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

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.