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

Dilation Capital Management LP purchased a new stake in APi Group Co. (NYSE:APG) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 93,915 shares of the company’s stock, valued at approximately $3,378,000. APi Group accounts for 3.1% of Dilation Capital Management LP’s investment portfolio, making the stock its 14th largest position.

A number of other institutional investors have also recently bought and sold shares of APG. Blue Trust Inc. increased its position in shares of 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 purchased a new stake in shares of APi Group in the fourth quarter valued at $34,000. First Horizon Advisors Inc. boosted its position in shares of APi Group by 53.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after buying an additional 414 shares during the period. Strategic Financial Concepts LLC raised its position in APi Group by 2,058.1% during the fourth 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 purchased a new stake in APi Group in the 4th quarter worth about $85,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Buying and Selling

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction dated Monday, March 3rd. The stock was 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 in the company, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 17.00% of the company’s stock.

Wall Street Analysts Forecast Growth

APG has been the topic of a number of research reports. Robert W. Baird upped their target price on APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. UBS Group decreased their target price on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Citigroup cut their price objective on APi Group from $46.00 to $42.00 and set a “buy” rating for the company in a report on Monday, April 14th. Barclays dropped their target price on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Finally, Truist Financial restated a “buy” rating and issued a $48.00 price objective (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.14.

APi Group Stock Down 3.0 %

APG opened at $33.74 on Tuesday. APi Group Co. has a twelve month low of $30.76 and a twelve month 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 business has a 50 day moving average price of $36.54 and a 200 day moving average price of $36.46. The firm has a market cap of $9.32 billion, a P/E ratio of -17.13 and a beta of 1.55.

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.