Sei Investments Co. Buys 204,495 Shares of APi Group Co. (NYSE:APG)

Sei Investments Co. raised its stake in APi Group Co. (NYSE:APG) by 46.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 647,411 shares of the company’s stock after buying an additional 204,495 shares during the quarter. Sei Investments Co. owned 0.24% of APi Group worth $23,287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APG. Blue Trust Inc. raised its position in shares of APi Group by 92.3% in the 4th 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. ORG Wealth Partners LLC acquired a new stake in APi Group in the fourth quarter worth $34,000. First Horizon Advisors Inc. boosted its position 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 purchasing an additional 414 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of APi Group by 2,058.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock valued at $82,000 after buying an additional 217,071 shares during the period. Finally, R Squared Ltd bought a new stake in shares of APi Group in the 4th quarter valued at $85,000. Institutional investors own 86.62% of the company’s stock.

Insider Transactions at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction on 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 sale, the director now directly owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 18.20% of the stock is currently owned by insiders.

APi Group Trading Down 3.3 %

NYSE:APG opened at $36.72 on Thursday. The company has a market cap of $10.19 billion, a P/E ratio of -18.64 and a beta of 1.54. APi Group Co. has a twelve month low of $31.44 and a twelve month high of $41.31. The business has a 50 day moving average price of $37.85 and a two-hundred day moving average price of $36.33. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

Analyst Upgrades and Downgrades

Several research firms have weighed in on APG. Truist Financial reiterated a “buy” rating and set a $48.00 target price (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. 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 report on Tuesday, January 14th. Robert W. Baird increased their target price 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 reduced their price target on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, William Blair restated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, APi Group has a consensus rating of “Moderate Buy” and an average target price 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.