F M Investments LLC Buys Shares of 11,454 APi Group Co. (NYSE:APG)

F M Investments LLC purchased a new position in shares of APi Group Co. (NYSE:APG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,454 shares of the company’s stock, valued at approximately $412,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strategic Financial Concepts LLC increased its position in 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 in the last quarter. Virtu Financial LLC purchased a new stake in shares of APi Group during the third quarter worth about $813,000. SG Americas Securities LLC increased its holdings in shares of 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 acquiring an additional 16,242 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of APi Group by 24.0% in the 4th 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 last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in APi Group in the 4th quarter worth approximately $511,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Buying and Selling at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the firm’s 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 18.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup cut their price target on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Tuesday, January 14th. UBS Group lowered their price target on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Truist Financial reissued a “buy” rating and issued a $48.00 price objective (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Finally, Robert W. Baird lifted their target price on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. One research 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.com, APi Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.29.

APi Group Stock Performance

Shares of APG stock opened at $34.67 on Friday. The stock has a market cap of $9.62 billion, a PE ratio of -17.60 and a beta of 1.55. APi Group Co. has a 52-week low of $30.76 and a 52-week high of $41.31. The business has a 50-day simple moving average of $36.95 and a 200-day simple moving average of $36.35. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

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.