Raymond James Financial Inc. Buys New Position in APi Group Co. (NYSE:APG)

Raymond James Financial Inc. bought a new position in shares of APi Group Co. (NYSE:APG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 206,470 shares of the company's stock, valued at approximately $7,427,000. Raymond James Financial Inc. owned 0.08% of APi Group at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in shares of APi Group by 92.3% during 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 bought a new stake in shares of APi Group in the 4th quarter valued at about $34,000. First Horizon Advisors Inc. grew its position in shares of APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock valued at $43,000 after buying an additional 414 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in shares of APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock valued at $82,000 after buying an additional 217,071 shares during the period. Finally, R Squared Ltd acquired a new position in shares of APi Group in the fourth quarter worth approximately $85,000. 86.62% of the stock is owned by institutional investors.

APi Group Price Performance

APi Group stock traded up $0.19 during midday trading on Friday, reaching $37.47. 1,121,875 shares of the stock were exchanged, compared to its average volume of 1,658,101. The company's fifty day moving average is $36.45 and its 200-day moving average is $36.55. The firm has a market cap of $10.35 billion, a PE ratio of -19.02 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. APi Group Co. has a 52 week low of $30.76 and a 52 week high of $41.31.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on APG shares. 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 for the company in a research report on Tuesday, January 14th. UBS Group decreased their target price on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Truist Financial reissued a "buy" rating and issued a $48.00 price target (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Barclays cut their price objective 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, March 26th. Finally, Robert W. Baird boosted their target price on APi Group from $40.00 to $46.00 and gave the company 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $43.14.

Insider Buying and Selling

In related news, Director James E. Lillie sold 50,000 shares of the company's stock in a transaction on 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.00% of the stock is currently owned by company insiders.

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.