Farringdon Capital Ltd. Makes New Investment in APi Group Co. (NYSE:APG)

Farringdon Capital Ltd. acquired a new position in APi Group Co. (NYSE:APG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,431 shares of the company's stock, valued at approximately $267,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Equitable Trust Co. raised its holdings in APi Group by 1.7% in the fourth quarter. Equitable Trust Co. now owns 20,676 shares of the company's stock worth $744,000 after purchasing an additional 351 shares in the last quarter. CIBC Asset Management Inc lifted its position in APi Group by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 7,380 shares of the company's stock valued at $265,000 after acquiring an additional 370 shares during the last quarter. Blue Trust Inc. lifted its position in APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after acquiring an additional 386 shares during the last quarter. EntryPoint Capital LLC grew its holdings in APi Group by 3.9% in the fourth quarter. EntryPoint Capital LLC now owns 10,435 shares of the company's stock worth $375,000 after purchasing an additional 389 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in APi Group by 53.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock worth $43,000 after purchasing an additional 414 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Performance

APG traded up $0.83 during trading on Thursday, hitting $36.84. 334,829 shares of the stock were exchanged, compared to its average volume of 1,513,372. The firm has a market capitalization of $10.18 billion, a P/E ratio of -18.70 and a beta of 1.55. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $41.31. The stock has a fifty day moving average price of $36.45 and a two-hundred day moving average price of $36.45. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction that occurred on Monday, March 3rd. The stock was 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 approximately $39,724,327.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

APG has been the topic of several research analyst reports. Barclays dropped 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. Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a research report on Tuesday, January 14th. Truist Financial reaffirmed a "buy" rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. UBS Group reduced their price objective on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, Citigroup dropped their target price 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, APi Group presently has an average rating of "Moderate Buy" and a consensus price target of $43.14.

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.