Farringdon Capital Ltd. Purchases Shares of 7,431 APi Group Co. (NYSE:APG)

Farringdon Capital Ltd. acquired a new position in APi Group Co. (NYSE:APG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,431 shares of the company’s stock, valued at approximately $267,000.

Several other large investors also recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in shares of 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 acquiring an additional 386 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in APi Group during the fourth quarter valued at about $34,000. First Horizon Advisors Inc. increased its position in APi Group by 53.4% in 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 position in shares of APi Group in the fourth quarter worth about $85,000. Finally, Principal Securities Inc. lifted its position in shares of APi Group by 28.1% during the 4th quarter. Principal Securities Inc. now owns 2,611 shares of the company’s stock valued at $94,000 after buying an additional 573 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

APi Group Trading Up 1.2 %

APG opened at $34.85 on Friday. The stock’s 50 day moving average price is $36.61 and its 200-day moving average price is $36.39. APi Group Co. has a one year low of $30.76 and a one year high of $41.31. 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 stock has a market cap of $9.63 billion, a price-to-earnings ratio of -17.69 and a beta of 1.55.

Analyst Ratings Changes

APG has been the topic of a number of recent analyst reports. Barclays decreased their target price 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, March 26th. Citigroup dropped their target price on shares of APi Group from $46.00 to $42.00 and set a “buy” rating for the company in a report on Monday, April 14th. Robert W. Baird boosted their price objective on APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. 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, UBS Group lowered their price target on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. 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, the company currently has an average rating of “Moderate Buy” and an average target price of $43.14.

Insider Activity

In other APi Group news, Director James E. Lillie sold 50,000 shares of the business’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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 17.00% of the company’s stock.

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.