Trexquant Investment LP boosted its stake in APi Group Co. (NYSE:APG - Free Report) by 109.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 347,147 shares of the company's stock after buying an additional 181,234 shares during the quarter. Trexquant Investment LP owned approximately 0.13% of APi Group worth $12,487,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of APG. Artisan Partners Limited Partnership purchased a new position in shares of APi Group in the fourth quarter valued at approximately $125,407,000. Norges Bank purchased a new position in APi Group in the 4th quarter valued at $98,028,000. Janus Henderson Group PLC boosted its stake in APi Group by 19.2% during the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company's stock worth $277,079,000 after purchasing an additional 1,351,013 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of APi Group by 1,106.9% during the fourth quarter. Handelsbanken Fonder AB now owns 643,300 shares of the company's stock worth $23,140,000 after buying an additional 590,000 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in shares of APi Group by 124.7% in the third quarter. Two Sigma Advisers LP now owns 894,600 shares of the company's stock valued at $29,540,000 after buying an additional 496,500 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on APG shares. Citigroup dropped their price objective on shares of APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a report on Monday, January 13th. Robert W. Baird increased their price target on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Barclays dropped their price objective on APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. 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. Finally, Truist Financial restated 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.29.
Get Our Latest Stock Analysis on APG
Insiders Place Their Bets
In other news, Director James E. Lillie sold 50,000 shares of APi Group 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 completion of the transaction, the director now directly owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 18.20% of the stock is currently owned by corporate insiders.
APi Group Stock Performance
Shares of APG traded down $0.44 during mid-day trading on Monday, hitting $31.93. The stock had a trading volume of 827,140 shares, compared to its average volume of 1,685,217. APi Group Co. has a fifty-two week low of $29.65 and a fifty-two week high of $41.31. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The company has a market cap of $8.86 billion, a PE ratio of -16.16 and a beta of 1.55. The company's fifty day simple moving average is $37.48 and its two-hundred day simple moving average is $36.41.
About APi Group
(
Free Report)
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.
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