APi Group Co. (NYSE:APG) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in shares of APi Group Co. (NYSE:APG - Free Report) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 568,100 shares of the company's stock after selling 34,000 shares during the period. Renaissance Technologies LLC owned approximately 0.21% of APi Group worth $20,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Equitable Trust Co. raised its holdings in APi Group by 1.7% during the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company's stock valued at $744,000 after buying an additional 351 shares during the period. CIBC Asset Management Inc raised its position in APi Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company's stock worth $265,000 after purchasing an additional 370 shares during the period. Blue Trust Inc. lifted its stake 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 last quarter. EntryPoint Capital LLC boosted its position in shares of APi Group by 3.9% during the fourth quarter. EntryPoint Capital LLC now owns 10,435 shares of the company's stock valued at $375,000 after buying an additional 389 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake 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 acquiring an additional 414 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on APG shares. Citigroup cut their price target on shares of APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Monday. Robert W. Baird upped their target price on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target for the company in a report on Tuesday, January 14th. UBS Group reduced their price objective on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Finally, Truist Financial reissued a "buy" rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.14.

Insider Activity

In related news, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the transaction, the director now 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 legal filing with the SEC, which is available at the SEC website. Company insiders own 18.20% of the company's stock.

APi Group Stock Up 1.2 %

Shares of APG traded up $0.43 during midday trading on Friday, reaching $34.85. The stock had a trading volume of 1,191,434 shares, compared to its average volume of 1,671,917. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $41.31. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The company has a market cap of $9.63 billion, a price-to-earnings ratio of -17.69 and a beta of 1.55. The company's fifty day simple moving average is $36.68 and its two-hundred day simple moving average is $36.37.

About APi Group

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.