APi Group Co. (NYSE:APG) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,658 shares of the company's stock after selling 44,129 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of APi Group worth $8,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC raised its position in APi Group by 2,058.1% during the 4th 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. Virtu Financial LLC bought a new stake in APi Group in the third quarter valued at $813,000. SG Americas Securities LLC increased its position in APi Group by 325.6% during the 4th quarter. SG Americas Securities LLC now owns 21,231 shares of the company's stock valued at $764,000 after purchasing an additional 16,242 shares during the period. Asset Management One Co. Ltd. raised its holdings in APi Group by 24.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 89,897 shares of the company's stock worth $3,236,000 after purchasing an additional 17,404 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in APi Group in the fourth quarter worth about $511,000. Institutional investors own 86.62% of the company's stock.

APi Group Trading Up 1.2 %

APi Group stock traded up $0.43 during midday trading on Friday, reaching $34.85. 1,191,434 shares of the stock traded hands, compared to its average volume of 1,671,917. APi Group Co. has a 12-month low of $30.76 and a 12-month high of $41.31. The company has a 50-day simple moving average of $36.68 and a two-hundred day simple moving average of $36.37. 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 firm has a market cap of $9.63 billion, a PE ratio of -17.69 and a beta of 1.55.

Wall Street Analyst Weigh In

APG has been the subject of a number of analyst reports. 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 for the company in a research note on Tuesday, January 14th. Truist Financial restated a "buy" rating and issued a $48.00 target price (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Citigroup reduced their price objective on APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Monday. UBS Group reduced 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 report on Tuesday, February 18th. Finally, Robert W. Baird lifted their price objective 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.14.

Insider Buying and Selling at APi Group

In related news, Director James E. Lillie sold 50,000 shares of the 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 completion of the sale, the director now directly owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 18.20% of the stock is currently owned by 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.