APi Group Co. (NYSE:APG) Stake Lifted by Swedbank AB

Swedbank AB increased its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,422,000 shares of the company's stock after buying an additional 213,000 shares during the period. Swedbank AB owned about 0.88% of APi Group worth $87,119,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its holdings in APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after purchasing an additional 386 shares during the period. AQR Capital Management LLC boosted its stake in shares of APi Group by 2.1% in the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company's stock valued at $755,000 after buying an additional 406 shares during the period. Equitable Trust Co. grew its position in shares of APi Group by 2.2% during the third quarter. Equitable Trust Co. now owns 20,325 shares of the company's stock worth $671,000 after buying an additional 446 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of 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 buying an additional 450 shares during the period. Finally, KBC Group NV raised its holdings in APi Group by 14.8% in the third quarter. KBC Group NV now owns 5,601 shares of the company's stock valued at $185,000 after acquiring an additional 721 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Insider Buying and Selling

In other news, Director Ian G. H. Ashken sold 53,868 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the sale, the director now directly owns 5,478,779 shares in the company, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the transaction, the director now owns 1,134,635 shares of the company's stock, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on APG. Barclays raised their price target on APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a research report on Tuesday, January 14th. William Blair restated an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. Citigroup cut 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. Finally, Truist Financial assumed coverage on shares of APi Group in a research report on Wednesday, January 22nd. They issued a "buy" rating and a $45.00 price objective for the company. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, APi Group presently has a consensus rating of "Moderate Buy" and an average price target of $43.38.

APi Group Price Performance

Shares of APG traded up $0.53 during trading hours on Thursday, reaching $38.02. 448,314 shares of the company traded hands, compared to its average volume of 1,105,998. APi Group Co. has a fifty-two week low of $31.44 and a fifty-two week high of $40.89. The stock has a fifty day simple moving average of $37.32 and a 200 day simple moving average of $35.60. The stock has a market capitalization of $10.45 billion, a PE ratio of -19.29 and a beta of 1.55. 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 (NYSE:APG - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business earned $0.48 earnings per share. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. As a group, research analysts predict that APi Group Co. will post 1.83 EPS for the current fiscal year.

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.