Sei Investments Co. Buys 204,495 Shares of APi Group Co. (NYSE:APG)

Sei Investments Co. increased its position in shares of APi Group Co. (NYSE:APG - Free Report) by 46.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 647,411 shares of the company's stock after purchasing an additional 204,495 shares during the quarter. Sei Investments Co. owned 0.24% of APi Group worth $23,287,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company's stock worth $27,000 after acquiring an additional 386 shares during the period. ORG Wealth Partners LLC acquired a new position in APi Group during the fourth quarter valued at approximately $34,000. First Horizon Advisors Inc. lifted its stake in APi Group by 53.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock worth $43,000 after purchasing an additional 414 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of APi Group by 2,058.1% in 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 in the last quarter. Finally, R Squared Ltd bought a new position in shares of APi Group in the 4th quarter valued at $85,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APG has been the subject of several research reports. Barclays dropped their price objective on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a research note on Wednesday. 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 research note on Tuesday, January 14th. William Blair restated an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. Robert W. Baird upped 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. Finally, Truist Financial reissued a "buy" rating and set a $48.00 price target (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $43.29.

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APi Group Stock Down 1.9 %

Shares of APi Group stock traded down $0.72 during trading on Friday, reaching $35.99. 1,159,496 shares of the company traded hands, compared to its average volume of 1,675,946. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group Co. has a 1-year low of $31.44 and a 1-year high of $41.31. The company has a 50 day moving average price of $37.81 and a 200-day moving average price of $36.40. The firm has a market capitalization of $9.99 billion, a PE ratio of -18.27 and a beta of 1.54.

Insider Activity at APi Group

In related news, Director James E. Lillie sold 50,000 shares of APi Group 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 transaction, the director now owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.