APi Group Co. (NYSE:APG) Shares Bought by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. grew its stake in APi Group Co. (NYSE:APG - Free Report) by 100.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,860,463 shares of the company's stock after buying an additional 1,936,924 shares during the period. T. Rowe Price Investment Management Inc. owned 1.40% of APi Group worth $138,861,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC raised its stake in shares of APi Group by 2,058.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock valued at $82,000 after buying an additional 217,071 shares during the last quarter. Virtu Financial LLC acquired a new position in APi Group during the third quarter worth $813,000. SG Americas Securities LLC lifted its holdings in APi Group by 325.6% during the fourth quarter. SG Americas Securities LLC now owns 21,231 shares of the company's stock valued at $764,000 after purchasing an additional 16,242 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of APi Group by 24.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 89,897 shares of the company's stock valued at $3,236,000 after purchasing an additional 17,404 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of APi Group during the fourth quarter worth about $511,000. Institutional investors and hedge funds own 86.62% of the company's stock.

APi Group Trading Up 0.0 %

Shares of NYSE APG traded up $0.01 during trading on Wednesday, hitting $37.50. 557,582 shares of the company were exchanged, compared to its average volume of 1,656,809. The company has a fifty day moving average price of $36.32 and a 200-day moving average price of $36.61. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The firm has a market capitalization of $10.36 billion, a PE ratio of -19.04 and a beta of 1.55. APi Group Co. has a 12-month low of $30.76 and a 12-month high of $41.31.

Analysts Set New Price Targets

APG has been the topic of several research analyst reports. Barclays lowered their price objective on APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Truist Financial reiterated a "buy" rating and set a $48.00 price target (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a report 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. Finally, Citigroup reduced their target price on shares of APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus 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 firm's 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 sale, the director now owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 17.00% of the stock is owned by insiders.

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.