Asset Management One Co. Ltd. Purchases 17,404 Shares of APi Group Co. (NYSE:APG)

Asset Management One Co. Ltd. boosted its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,897 shares of the company's stock after acquiring an additional 17,404 shares during the period. Asset Management One Co. Ltd.'s holdings in APi Group were worth $3,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APG. Equitable Trust Co. raised its stake in APi Group by 1.7% in the fourth quarter. Equitable Trust Co. now owns 20,676 shares of the company's stock valued at $744,000 after buying an additional 351 shares during the period. Pelham Capital Ltd. bought a new stake in APi Group in the fourth quarter valued at approximately $7,540,000. Strategic Financial Concepts LLC raised its stake in APi Group by 2,058.1% in 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. Capital Investment Services of America Inc. raised its stake in APi Group by 7.5% in the fourth quarter. Capital Investment Services of America Inc. now owns 323,762 shares of the company's stock valued at $11,646,000 after buying an additional 22,690 shares during the period. Finally, Swedbank AB raised its stake in APi Group by 9.6% in the fourth quarter. Swedbank AB now owns 2,422,000 shares of the company's stock valued at $87,119,000 after buying an additional 213,000 shares during the period. 86.62% of the stock is currently owned by institutional investors.

APi Group Price Performance

Shares of NYSE APG traded down $1.44 during mid-day trading on Friday, hitting $39.45. 1,074,086 shares of the stock traded hands, compared to its average volume of 1,208,319. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group Co. has a twelve month low of $31.44 and a twelve month high of $41.31. The company has a market cap of $10.84 billion, a PE ratio of -20.03 and a beta of 1.55. The firm has a 50 day simple moving average of $37.38 and a two-hundred day simple moving average of $35.75.

Analyst Ratings Changes

APG has been the topic of several research analyst reports. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a research note on Tuesday, January 14th. Barclays increased their target price on APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Truist Financial began coverage on APi Group in a research note on Wednesday, January 22nd. They set a "buy" rating and a $45.00 target price on the stock. Robert W. Baird increased their target price on APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 26th. Finally, William Blair reiterated an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.88.

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.