209,612 Shares in APi Group Co. (NYSE:APG) Bought by Pelham Capital Ltd.

Pelham Capital Ltd. purchased a new stake in APi Group Co. (NYSE:APG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 209,612 shares of the company’s stock, valued at approximately $7,540,000. APi Group accounts for about 4.4% of Pelham Capital Ltd.’s investment portfolio, making the stock its 7th largest position. Pelham Capital Ltd. owned approximately 0.08% of APi Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in 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 acquiring an additional 386 shares during the period. AQR Capital Management LLC raised its holdings in shares of APi Group by 2.1% in the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock worth $755,000 after buying an additional 406 shares in the last quarter. Equitable Trust Co. boosted its stake in APi Group by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 20,325 shares of the company’s stock valued at $671,000 after buying an additional 446 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in APi Group by 0.8% during the third quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company’s stock worth $1,906,000 after acquiring an additional 450 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of APi Group by 14.8% during the third quarter. KBC Group NV now owns 5,601 shares of the company’s stock valued at $185,000 after acquiring an additional 721 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Trading Down 0.4 %

NYSE APG opened at $38.50 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group Co. has a 12 month low of $31.44 and a 12 month high of $40.89. The stock has a 50-day simple moving average of $37.40 and a 200 day simple moving average of $35.65.

Insider Activity

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the sale, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the sale, the director now owns 1,134,635 shares of the company’s stock, valued at approximately $41,958,802.30. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

APG has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Truist Financial started coverage on shares of APi Group in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $45.00 target price for the company. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Tuesday, January 14th. William Blair reissued an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Finally, Robert W. Baird raised their target price on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.38.

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.