APi Group Co. (NYSE:APG) Shares Purchased by Long Focus Capital Management LLC

Long Focus Capital Management LLC increased its position in shares of APi Group Co. (NYSE:APG - Free Report) by 326.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,893 shares of the company's stock after buying an additional 97,893 shares during the period. Long Focus Capital Management LLC's holdings in APi Group were worth $4,600,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in APG. Capital Research Global Investors grew its stake in APi Group by 118.2% in the fourth quarter. Capital Research Global Investors now owns 10,947,284 shares of the company's stock valued at $393,774,000 after purchasing an additional 5,931,314 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in shares of APi Group during the 4th quarter worth approximately $125,407,000. Norges Bank purchased a new stake in APi Group during the fourth quarter valued at approximately $98,028,000. Price T Rowe Associates Inc. MD boosted its stake in APi Group by 20.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company's stock valued at $562,120,000 after acquiring an additional 2,602,758 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in APi Group by 1,106.9% in the fourth quarter. Handelsbanken Fonder AB now owns 643,300 shares of the company's stock worth $23,140,000 after purchasing an additional 590,000 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on APG shares. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a report on Tuesday, January 14th. Truist Financial reiterated 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. Citigroup cut their price objective on shares of APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, April 14th. 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. Finally, Robert W. Baird boosted their target price on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.14.

APi Group Stock Performance

Shares of APG stock traded down $0.35 on Monday, hitting $37.09. The company had a trading volume of 585,460 shares, compared to its average volume of 1,508,910. The firm has a market cap of $10.25 billion, a P/E ratio of -18.82 and a beta of 1.55. APi Group Co. has a twelve month low of $30.76 and a twelve month high of $41.31. The company has a 50-day moving average price of $36.45 and a 200-day moving average price of $36.58. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

Insider Buying and Selling at APi Group

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction that occurred 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 transaction, the director now directly owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 17.00% of the stock is currently owned by corporate insiders.

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.