APi Group Co. (NYSE:APG – Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $29.61 and last traded at $29.56, with a volume of 1141050 shares. The stock had previously closed at $29.15.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on APG shares. Robert W. Baird upped their price objective on APi Group from $29.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. TheStreet lowered shares of APi Group from a “b-” rating to a “c+” rating in a report on Thursday, October 5th. Royal Bank of Canada upped their target price on shares of APi Group from $25.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Friday, August 4th. Finally, Barclays lifted their price target on shares of APi Group from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, APi Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.
APi Group Price Performance
Insider Transactions at APi Group
In other APi Group news, Director James E. Lillie sold 166,666 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $27.29, for a total transaction of $4,548,315.14. Following the completion of the sale, the director now directly owns 4,057,632 shares of the company’s stock, valued at $110,732,777.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 16.40% of the company’s stock.
Institutional Trading of APi Group
A number of hedge funds have recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd purchased a new position in APi Group during the second quarter valued at $26,000. Toronto Dominion Bank acquired a new stake in APi Group in the 3rd quarter worth about $30,000. Quantbot Technologies LP increased its stake in APi Group by 386.6% during the 2nd quarter. Quantbot Technologies LP now owns 2,360 shares of the company’s stock worth $35,000 after buying an additional 1,875 shares in the last quarter. Roffman Miller Associates Inc. PA acquired a new position in shares of APi Group during the second quarter valued at approximately $41,000. Finally, CWM LLC lifted its position in shares of APi Group by 41.4% in the second quarter. CWM LLC now owns 1,591 shares of the company’s stock valued at $43,000 after acquiring an additional 466 shares in the last quarter. 83.44% of the stock is owned by hedge funds and other institutional investors.
About APi Group
APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, the Asian-Pacific, and other countries. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, and inspection and service of these integrated systems.
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