Barclays PLC Decreases Holdings in APi Group Co. (NYSE:APG)

Barclays PLC trimmed its position in APi Group Co. (NYSE:APG - Free Report) by 38.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 222,419 shares of the company's stock after selling 141,862 shares during the quarter. Barclays PLC owned about 0.08% of APi Group worth $8,001,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in 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 in the last quarter. ORG Wealth Partners LLC bought a new position in APi Group in the fourth quarter worth approximately $34,000. First Horizon Advisors Inc. increased its holdings in shares of APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock valued at $43,000 after acquiring an additional 414 shares during the period. Strategic Financial Concepts LLC increased 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 acquiring an additional 217,071 shares during the period. Finally, R Squared Ltd bought a new position in shares of APi Group in the 4th quarter worth $85,000. Institutional investors own 86.62% of the company's stock.

APi Group Price Performance

APG traded down $0.22 on Tuesday, hitting $37.15. 198,339 shares of the company's stock were exchanged, compared to its average volume of 1,652,370. APi Group Co. has a fifty-two week low of $30.76 and a fifty-two week high of $41.31. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of -18.83 and a beta of 1.55. The firm has a 50-day moving average price of $36.39 and a 200-day moving average price of $36.61. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

Analyst Upgrades and Downgrades

APG has been the topic of several analyst reports. Barclays cut their target price on APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. UBS Group lowered their target price on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Citigroup reduced their price target on APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Robert W. Baird upped their price objective 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. Finally, Truist Financial reiterated a "buy" rating and set a $48.00 price objective (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.14.

Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 50,000 shares of the company'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 owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 17.00% of the stock is currently owned by corporate insiders.

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.