American Century Companies Inc. Raises Stake in APi Group Co. (NYSE:APG)

American Century Companies Inc. lifted its position in APi Group Co. (NYSE:APG - Free Report) by 134.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,977 shares of the company's stock after buying an additional 29,190 shares during the quarter. American Century Companies Inc.'s holdings in APi Group were worth $1,834,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in APi Group by 0.8% during the third quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company's stock worth $1,906,000 after purchasing an additional 450 shares during the period. FMR LLC grew its holdings in shares of APi Group by 106.1% in the third quarter. FMR LLC now owns 14,511 shares of the company's stock valued at $479,000 after purchasing an additional 7,469 shares in the last quarter. Centiva Capital LP purchased a new stake in APi Group during the 3rd quarter worth approximately $304,000. State Street Corp lifted its holdings in APi Group by 3.7% during the 3rd quarter. State Street Corp now owns 3,723,241 shares of the company's stock worth $122,941,000 after buying an additional 132,971 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in APi Group by 17.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 48,003 shares of the company's stock valued at $1,585,000 after buying an additional 6,971 shares during the period. Institutional investors and hedge funds own 86.62% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on APG. UBS Group cut their price objective on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Truist Financial reaffirmed a "buy" rating and issued a $48.00 price target (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Barclays lowered 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. Robert W. Baird raised their target price on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, Citigroup lowered their price target on shares of APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.29.

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Insider Activity

In related news, Director James E. Lillie sold 50,000 shares of the firm'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 transaction, the director now owns 1,046,203 shares in the company, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 18.20% of the company's stock.

APi Group Stock Up 1.0 %

APi Group stock traded up $0.35 during mid-day trading on Friday, hitting $34.67. The company had a trading volume of 1,364,220 shares, compared to its average volume of 1,704,014. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group Co. has a 1 year low of $30.76 and a 1 year high of $41.31. The business has a fifty day moving average of $36.95 and a 200 day moving average of $36.37. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of -17.60 and a beta of 1.55.

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.