NEOS Investment Management LLC Increases Stock Holdings in APi Group Co. (NYSE:APG)

NEOS Investment Management LLC lifted its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 79.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,264 shares of the company's stock after purchasing an additional 57,170 shares during the quarter. NEOS Investment Management LLC's holdings in APi Group were worth $4,650,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quest Partners LLC acquired a new stake in APi Group in the 3rd quarter valued at $216,000. Cerity Partners LLC boosted its position in shares of APi Group by 42.3% during the third quarter. Cerity Partners LLC now owns 76,168 shares of the company's stock valued at $2,515,000 after buying an additional 22,652 shares during the last quarter. Algert Global LLC grew its holdings in APi Group by 83.5% during the third quarter. Algert Global LLC now owns 36,266 shares of the company's stock worth $1,198,000 after buying an additional 16,500 shares in the last quarter. Daiwa Securities Group Inc. raised its position in APi Group by 21.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 10,461 shares of the company's stock valued at $345,000 after buying an additional 1,831 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in shares of APi Group during the third quarter valued at about $5,514,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APG has been the topic of several recent analyst reports. UBS Group dropped their target price on shares of APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. William Blair reissued an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. Citigroup decreased their target price on APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a research note on Tuesday, January 14th. Finally, Barclays decreased their price objective on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average 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 APi Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 18.20% of the company's stock.

APi Group Stock Performance

APi Group stock traded up $0.25 during midday trading on Tuesday, reaching $36.01. The stock had a trading volume of 376,040 shares, compared to its average volume of 1,671,554. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $9.99 billion, a PE ratio of -18.24 and a beta of 1.54. APi Group Co. has a 12 month low of $31.44 and a 12 month high of $41.31. The firm's 50-day moving average price is $37.77 and its 200 day moving average price is $36.41.

APi Group Company 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.