APi Group Co. (NYSE:APG) Shares Sold by Cynosure Group LLC

Cynosure Group LLC reduced its position in APi Group Co. (NYSE:APG) by 27.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,641 shares of the company’s stock after selling 2,962 shares during the quarter. Cynosure Group LLC’s holdings in APi Group were worth $275,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of APG. Blue Trust Inc. boosted its stake in shares of APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after purchasing an additional 386 shares during the period. ORG Wealth Partners LLC acquired a new stake in APi Group during the 4th quarter worth approximately $34,000. First Horizon Advisors Inc. boosted its position in APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after buying an additional 414 shares during the period. Strategic Financial Concepts LLC grew its stake in shares of APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after acquiring an additional 217,071 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of APi Group during the fourth quarter worth $85,000. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director James E. Lillie sold 50,000 shares of the business’s 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 18.20% of the company’s stock.

APi Group Stock Performance

Shares of APG opened at $33.97 on Friday. 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 Co. has a 52-week low of $31.44 and a 52-week high of $41.31. The stock has a 50 day moving average price of $37.60 and a 200 day moving average price of $36.40. The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of -17.24 and a beta of 1.55.

Analyst Ratings Changes

Several research analysts recently commented on APG shares. UBS Group lowered their target price on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Tuesday, January 14th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Barclays lowered their price target on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Finally, Robert W. Baird raised their price objective on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, APi Group has an average rating of “Moderate Buy” and a consensus target price of $43.29.

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.