Dilation Capital Management LP Invests $3.38 Million in APi Group Co. (NYSE:APG)

Dilation Capital Management LP bought a new stake in APi Group Co. (NYSE:APG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 93,915 shares of the company’s stock, valued at approximately $3,378,000. APi Group comprises about 3.1% of Dilation Capital Management LP’s portfolio, making the stock its 14th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in APi Group by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company’s stock worth $831,791,000 after purchasing an additional 127,038 shares during the period. Capital Research Global Investors grew its stake in shares of APi Group by 118.2% in the fourth quarter. Capital Research Global Investors now owns 10,947,284 shares of the company’s stock valued at $393,774,000 after buying an additional 5,931,314 shares in the last quarter. Cooke & Bieler LP raised its holdings in shares of APi Group by 3.4% during the 4th quarter. Cooke & Bieler LP now owns 4,020,768 shares of the company’s stock valued at $144,627,000 after buying an additional 132,713 shares during the period. Artisan Partners Limited Partnership acquired a new position in APi Group during the 4th quarter worth approximately $125,407,000. Finally, Norges Bank purchased a new position in APi Group in the 4th quarter worth approximately $98,028,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Activity

In other news, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction that occurred 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 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 17.00% of the company’s stock.

APi Group Stock Performance

Shares of NYSE APG opened at $33.74 on Tuesday. APi Group Co. has a 12-month low of $30.76 and a 12-month high of $41.31. 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 cap of $9.32 billion, a PE ratio of -17.13 and a beta of 1.55. The stock has a 50 day simple moving average of $36.54 and a 200-day simple moving average of $36.46.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group dropped their price target on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Truist Financial reaffirmed a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Tuesday, January 14th. Barclays cut 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. Finally, Citigroup reduced their price target on shares of APi Group from $46.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, APi Group has an average rating of “Moderate Buy” and a consensus target price of $43.14.

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.