Renaissance Technologies LLC Reduces Position in APi Group Co. (NYSE:APG)

Renaissance Technologies LLC lowered its position in APi Group Co. (NYSE:APG) by 5.6% in the 4th quarter, Holdings Channel reports. The firm owned 568,100 shares of the company’s stock after selling 34,000 shares during the quarter. Renaissance Technologies LLC’s holdings in APi Group were worth $20,435,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Equitable Trust Co. lifted its stake in shares of APi Group by 1.7% during the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company’s stock worth $744,000 after acquiring an additional 351 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of APi Group by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock worth $265,000 after purchasing an additional 370 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of APi Group by 92.3% during 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. EntryPoint Capital LLC grew its holdings in shares of APi Group by 3.9% in the fourth quarter. EntryPoint Capital LLC now owns 10,435 shares of the company’s stock worth $375,000 after purchasing an additional 389 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after buying an additional 414 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Trading Up 1.0 %

Shares of NYSE:APG opened at $34.67 on Monday. 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 capitalization of $9.58 billion, a PE ratio of -17.60 and a beta of 1.55. APi Group Co. has a 12-month low of $30.76 and a 12-month high of $41.31. The business’s fifty day simple moving average is $36.95 and its 200-day simple moving average is $36.37.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on APG shares. UBS Group lowered their price objective on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Robert W. Baird increased their price objective on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. Citigroup decreased their target price on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Barclays dropped their price target on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Finally, Royal Bank of Canada upgraded 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. One equities research 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 stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.29.

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 18.20% of the stock is owned by insiders.

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.