APi Group Co. (NYSE:APG) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC raised its holdings in APi Group Co. (NYSE:APG) by 79.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 129,264 shares of the company’s stock after purchasing an additional 57,170 shares during the quarter. NEOS Investment Management LLC’s holdings in APi Group were worth $4,650,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in APG. Blue Trust Inc. grew its holdings in shares of APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after buying an additional 386 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in shares of APi Group in the 4th quarter valued at approximately $34,000. First Horizon Advisors Inc. increased its holdings in shares of APi Group by 53.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after purchasing an additional 414 shares during the period. R Squared Ltd purchased a new stake in shares of APi Group during the fourth quarter worth approximately $85,000. Finally, Principal Securities Inc. raised its stake in shares of APi Group by 28.1% during the fourth quarter. Principal Securities Inc. now owns 2,611 shares of the company’s stock worth $94,000 after purchasing an additional 573 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Down 0.2 %

APi Group stock opened at $36.66 on Friday. APi Group Co. has a fifty-two week low of $31.44 and a fifty-two week high of $41.31. The firm has a market capitalization of $10.18 billion, a price-to-earnings ratio of -18.61 and a beta of 1.54. The stock’s fifty day moving average is $37.84 and its two-hundred day moving average is $36.33. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

Insider Activity at APi Group

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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 18.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

APG has been the topic of several recent research reports. UBS Group dropped their price objective on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Barclays dropped their price target on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Wednesday. William Blair restated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Truist Financial reiterated a “buy” rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Finally, Citigroup cut their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, January 13th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.29.

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.