Lingotto Investment Management LLP Purchases Shares of 128,000 APi Group Co. (NYSE:APG)

Lingotto Investment Management LLP acquired a new position in shares of APi Group Co. (NYSE:APG) during the fourth quarter, HoldingsChannel reports. The firm acquired 128,000 shares of the company’s stock, valued at approximately $4,604,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in APG. First Horizon Advisors Inc. bought a new stake in APi Group during the third quarter worth $26,000. Blue Trust Inc. increased 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 purchasing an additional 386 shares during the last quarter. Avior Wealth Management LLC bought a new stake in shares of APi Group in the 3rd quarter valued at about $33,000. ORG Wealth Partners LLC acquired a new stake in APi Group in the 4th quarter valued at about $34,000. Finally, Strategic Financial Concepts LLC grew its holdings in APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after purchasing an additional 217,071 shares during the period. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Up 2.1 %

APG opened at $40.04 on Wednesday. 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 fifty day moving average of $37.48 and a 200-day moving average of $35.93. APi Group Co. has a fifty-two week low of $31.44 and a fifty-two week high of $41.31. The company has a market capitalization of $11.00 billion, a P/E ratio of -20.33 and a beta of 1.55.

Analysts Set New Price Targets

Several analysts have issued reports on APG shares. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Tuesday, January 14th. William Blair restated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Robert W. Baird lifted their price objective on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Barclays increased their price objective on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Citigroup cut their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.88.

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.