Proficio Capital Partners LLC bought a new stake in shares of APi Group Co. (NYSE:APG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 14,208 shares of the company's stock, valued at approximately $511,000.
A number of other large investors also recently added to or reduced their stakes in APG. First Horizon Advisors Inc. purchased a new position in APi Group during the 3rd quarter valued at approximately $26,000. Blue Trust Inc. grew its holdings in shares of 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 in the last quarter. Avior Wealth Management LLC purchased a new position in shares of APi Group in the third quarter valued at $33,000. ORG Wealth Partners LLC purchased a new stake in APi Group during the fourth quarter valued at $34,000. Finally, Strategic Financial Concepts LLC lifted its position in APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock valued at $82,000 after purchasing an additional 217,071 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.
APi Group Stock Down 0.2 %
Shares of APi Group stock traded down $0.07 during trading on Thursday, hitting $36.66. 1,213,167 shares of the stock traded hands, compared to its average volume of 1,631,658. 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's fifty day simple moving average is $37.85 and its 200 day simple moving average is $36.33. The firm has a market cap of $10.18 billion, a P/E ratio of -18.61 and a beta of 1.54. APi Group Co. has a 52-week low of $31.44 and a 52-week high of $41.31.
Analyst Ratings Changes
APG has been the topic of several recent research reports. Barclays decreased their target price on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research report on Wednesday. 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 report on Tuesday, February 18th. 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 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 objective on the stock in a research report on Tuesday, January 14th. Finally, Robert W. Baird upped their price target on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.29.
Check Out Our Latest Research Report on APG
Insider Buying and Selling at APi Group
In related news, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction 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 transaction, the director now directly owns 1,046,203 shares in the company, valued at $39,724,327.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 18.20% of the company's stock.
APi Group 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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