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Raymond James Financial Inc. bought a new position in shares of APi Group Co. (NYSE:APG – Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 206,470 shares of the company’s stock, valued at approximately $7,427,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Barclays PLC lifted its holdings in APi Group by 1.6% during the third quarter. Barclays PLC now owns 364,281 shares of the company’s stock valued at $12,026,000 after purchasing an additional 5,701 shares in the last quarter. Virtu Financial LLC purchased a new position in APi Group in the 3rd quarter valued at about $813,000. Wilmington Savings Fund Society FSB acquired a new stake in APi Group in the 3rd quarter worth about $450,000. Tidal Investments LLC boosted its holdings in APi Group by 10.8% in the 3rd 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 last quarter. Finally, Everence Capital Management Inc. purchased a new stake in APi Group during the 4th quarter worth approximately $288,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.
APi Group Stock Performance
APi Group stock opened at $36.05 on Thursday. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of -18.30 and a beta of 1.55. 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 firm has a 50 day simple moving average of $36.45 and a 200-day simple moving average of $36.45. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $41.31.
Insiders Place Their Bets
In other 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 transaction, the director now directly owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.00% of the stock is owned by insiders.
Analysts Set New Price Targets
APG has been the topic of a number of research analyst reports. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Tuesday, January 14th. 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 report on Thursday, February 27th. Barclays decreased their price target on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Truist Financial reaffirmed a “buy” rating and set a $48.00 price objective (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Finally, Citigroup decreased their target price on shares of APi Group from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $43.14.
Read Our Latest Stock Analysis on APG
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.
See Also
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