Dilation Capital Management LP Acquires Shares of 93,915 APi Group Co. (NYSE:APG)

Dilation Capital Management LP bought a new position in shares of APi Group Co. (NYSE:APG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 93,915 shares of the company's stock, valued at approximately $3,378,000. APi Group accounts for about 3.1% of Dilation Capital Management LP's investment portfolio, making the stock its 14th largest holding.

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

Insider Activity

In related news, Director James E. Lillie sold 50,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares in the company, valued at $39,724,327.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 17.00% of the company's stock.

Analysts Set New Price Targets

APG has been the subject of several recent research reports. Royal Bank of Canada raised shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a research note on Tuesday, January 14th. 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 report on Thursday, February 27th. Citigroup decreased their target price on APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a report on Monday, April 14th. Barclays reduced their price target on APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Finally, UBS Group lowered their price objective 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 equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.14.

APi Group Stock Up 0.5 %

APi Group stock traded up $0.19 during mid-day trading on Friday, hitting $37.47. The company had a trading volume of 1,121,875 shares, compared to its average volume of 1,658,101. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of -19.02 and a beta of 1.55. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group Co. has a 1 year low of $30.76 and a 1 year high of $41.31. The business has a fifty day moving average of $36.45 and a 200 day moving average of $36.55.

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.