Dynamic Technology Lab Private Ltd Has $782,000 Position in APi Group Co. (NYSE:APG)

Dynamic Technology Lab Private Ltd reduced its stake in APi Group Co. (NYSE:APG) by 72.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,760 shares of the company’s stock after selling 56,559 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in APi Group were worth $782,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

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 stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 18.20% of the stock is owned by corporate insiders.

APi Group Stock Down 4.4 %

Shares of NYSE APG opened at $32.42 on Monday. The stock has a 50-day moving average price of $37.48 and a two-hundred day moving average price of $36.41. APi Group Co. has a 12 month low of $30.65 and a 12 month high of $41.31. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The company has a market cap of $9.00 billion, a price-to-earnings ratio of -16.46 and a beta of 1.55.

Analysts Set New Price Targets

APG has been the subject of a number of recent research reports. Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Tuesday, January 14th. UBS Group reduced their price target on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Citigroup lowered their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Barclays cut their target price on APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Finally, Truist Financial restated a “buy” rating and issued a $48.00 price target (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, APi Group presently has a consensus rating of “Moderate Buy” and an average price target 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.