Oribel Capital Management LP Purchases New Shares in APi Group Co. (NYSE:APG)

Oribel Capital Management LP acquired a new position 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 firm acquired 46,400 shares of the company’s stock, valued at approximately $1,669,000.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its position in APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after acquiring an additional 386 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in shares of APi Group in the 4th quarter valued at approximately $34,000. First Horizon Advisors Inc. boosted its holdings in shares of 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 purchasing an additional 414 shares during the period. R Squared Ltd purchased a new position in shares of APi Group in the 4th quarter worth approximately $85,000. Finally, Principal Securities Inc. increased its position in shares of APi Group by 28.1% during the 4th quarter. Principal Securities Inc. now owns 2,611 shares of the company’s stock valued at $94,000 after purchasing an additional 573 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 18.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays dropped their price objective on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Citigroup dropped their price target 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. UBS Group reduced their price objective on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Robert W. Baird boosted their target price on APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, Truist Financial reaffirmed a “buy” rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.29.

APi Group Trading Down 4.4 %

Shares of NYSE:APG opened at $32.42 on Friday. The company has a market capitalization of $9.00 billion, a PE ratio of -16.46 and a beta of 1.55. 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 $31.40 and a 12-month high of $41.31. The business’s fifty day simple moving average is $37.48 and its 200-day simple moving average is $36.40.

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.