APi Group Co. (NYSE:APG) is Permian Investment Partners LP’s 3rd Largest Position

Permian Investment Partners LP raised its position in APi Group Co. (NYSE:APG) by 51.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,050,622 shares of the company’s stock after acquiring an additional 1,040,000 shares during the quarter. APi Group makes up 17.1% of Permian Investment Partners LP’s portfolio, making the stock its 3rd biggest holding. Permian Investment Partners LP’s holdings in APi Group were worth $109,731,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings 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 buying an additional 386 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in APi Group during the 4th quarter worth approximately $34,000. First Horizon Advisors Inc. increased its holdings in shares of APi Group by 53.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after purchasing an additional 414 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in APi Group by 2,058.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after acquiring an additional 217,071 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in APi Group in the 4th quarter worth $85,000. Institutional investors own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup decreased their price target on shares of APi Group from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Barclays decreased their price objective on APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Truist Financial reaffirmed a “buy” rating and set a $48.00 price objective (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Robert W. Baird raised their price target on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, UBS Group lowered their price objective on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.14.

Insider Transactions at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of the firm’s 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 transaction, the director now directly owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 17.00% of the company’s stock.

APi Group Stock Up 0.9 %

Shares of NYSE APG opened at $37.81 on Thursday. APi Group Co. has a 52 week low of $30.76 and a 52 week high of $41.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The stock’s fifty day moving average is $36.28 and its 200 day moving average is $36.62. The stock has a market capitalization of $10.44 billion, a P/E ratio of -19.19 and a beta of 1.55.

APi Group Company Profile

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.