T. Rowe Price Investment Management Inc. Buys 1,936,924 Shares of APi Group Co. (NYSE:APG)

T. Rowe Price Investment Management Inc. grew its position in APi Group Co. (NYSE:APG - Free Report) by 100.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,860,463 shares of the company's stock after acquiring an additional 1,936,924 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 1.40% of APi Group worth $138,861,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC increased its stake in APi Group by 1.6% during the 3rd quarter. Barclays PLC now owns 364,281 shares of the company's stock worth $12,026,000 after buying an additional 5,701 shares during the period. Virtu Financial LLC acquired a new position in APi Group during the third quarter worth approximately $813,000. Wilmington Savings Fund Society FSB purchased a new stake in APi Group in the 3rd quarter valued at $450,000. Tidal Investments LLC boosted its stake in shares of APi Group by 10.8% during the third quarter. Tidal Investments LLC now owns 54,553 shares of the company's stock worth $1,801,000 after buying an additional 5,337 shares during the period. Finally, Everence Capital Management Inc. acquired a new position in shares of APi Group in the fourth quarter valued at approximately $288,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 17.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays lowered 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, March 26th. Robert W. Baird raised 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. Truist Financial reiterated a "buy" rating and issued a $48.00 target price (up previously from $45.00) on shares of APi Group 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 objective on the stock in a report on Tuesday, January 14th. Finally, 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 report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.14.

APi Group Stock Performance

Shares of APi Group stock traded down $0.08 on Monday, reaching $37.36. The stock had a trading volume of 1,600,384 shares, compared to its average volume of 1,657,870. The stock has a market cap of $10.32 billion, a P/E ratio of -18.96 and a beta of 1.55. APi Group Co. has a fifty-two week low of $30.76 and a fifty-two week high of $41.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The business's 50-day moving average price is $36.45 and its two-hundred day moving average price is $36.58.

APi Group 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.