46,400 Shares in APi Group Co. (NYSE:APG) Bought by Oribel Capital Management LP

Oribel Capital Management LP purchased a new stake in shares of APi Group Co. (NYSE:APG) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 46,400 shares of the company’s stock, valued at approximately $1,669,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in APi Group by 21.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 494,094 shares of the company’s stock worth $17,773,000 after acquiring an additional 85,831 shares during the last quarter. Bryce Point Capital LLC purchased a new position in shares of APi Group during the fourth quarter valued at approximately $1,714,000. Trexquant Investment LP raised its holdings in APi Group by 109.2% in the 4th quarter. Trexquant Investment LP now owns 347,147 shares of the company’s stock worth $12,487,000 after purchasing an additional 181,234 shares in the last quarter. HighPoint Advisor Group LLC raised its stake in APi Group by 12.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 12,830 shares of the company’s stock worth $492,000 after buying an additional 1,432 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its position in shares of APi Group by 13.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 33,945 shares of the company’s stock worth $1,221,000 after acquiring an additional 4,024 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

Insider Transactions at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction on 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 directly owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 18.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on APG shares. Barclays decreased their price target on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Robert W. Baird boosted their price target on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. UBS Group decreased their price objective on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Truist Financial reiterated 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. Finally, Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Tuesday, January 14th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, APi Group presently has an average rating of “Moderate Buy” and a consensus target price of $43.29.

APi Group Stock Down 4.4 %

APG opened at $32.42 on Friday. 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’s fifty day moving average is $37.48 and its 200 day moving average is $36.40. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of -16.46 and a beta of 1.55. APi Group Co. has a fifty-two week low of $31.40 and a fifty-two week high of $41.31.

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.