AlphaQuest LLC Has $502,000 Stock Position in APi Group Co. (NYSE:APG)

AlphaQuest LLC lifted its holdings in APi Group Co. (NYSE:APG - Free Report) by 113.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,969 shares of the company's stock after buying an additional 7,420 shares during the quarter. AlphaQuest LLC's holdings in APi Group were worth $502,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in APG. Janus Henderson Group PLC lifted its position in APi Group by 19.2% during the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company's stock valued at $277,079,000 after purchasing an additional 1,351,013 shares during the period. Handelsbanken Fonder AB increased its stake in shares of APi Group by 1,106.9% in the 4th quarter. Handelsbanken Fonder AB now owns 643,300 shares of the company's stock valued at $23,140,000 after acquiring an additional 590,000 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of APi Group by 124.7% in the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the company's stock valued at $29,540,000 after acquiring an additional 496,500 shares during the last quarter. Progeny 3 Inc. increased its stake in shares of APi Group by 24.2% in the 3rd quarter. Progeny 3 Inc. now owns 2,298,025 shares of the company's stock valued at $75,881,000 after acquiring an additional 447,200 shares during the last quarter. Finally, GW&K Investment Management LLC increased its stake in shares of APi Group by 19.7% in the 4th quarter. GW&K Investment Management LLC now owns 2,631,409 shares of the company's stock valued at $94,652,000 after acquiring an additional 432,926 shares during the last quarter. 86.62% of the stock is owned by institutional investors.

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Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 50,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 18.20% of the company's stock.

APi Group Stock Up 4.1 %

NYSE APG traded up $1.45 during trading hours on Friday, reaching $37.20. 967,239 shares of the company's stock were exchanged, compared to its average volume of 1,640,576. The company's 50-day moving average is $37.69 and its two-hundred day moving average is $36.15. APi Group Co. has a one year low of $31.44 and a one year 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 company has a market capitalization of $10.33 billion, a price-to-earnings ratio of -18.88 and a beta of 1.54.

Wall Street Analyst Weigh In

APG has been the subject of a number of recent analyst reports. Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research note on Tuesday, January 14th. Citigroup lowered their price target on APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a research note on Monday, January 13th. William Blair reaffirmed an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. UBS Group lowered their price target on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, Robert W. Baird upped their price target on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research note 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.43.

APi Group 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.