Handelsbanken Fonder AB Raises Holdings in APi Group Co. (NYSE:APG)

Handelsbanken Fonder AB raised its position in shares of APi Group Co. (NYSE:APG - Free Report) by 1,106.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 643,300 shares of the company's stock after buying an additional 590,000 shares during the period. Handelsbanken Fonder AB owned about 0.23% of APi Group worth $23,140,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. purchased a new position in shares of APi Group during the third quarter worth $26,000. 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. ORG Wealth Partners LLC purchased a new position in APi Group in the fourth quarter valued at $34,000. Avior Wealth Management LLC purchased a new position in APi Group in the third quarter valued at $33,000. Finally, R Squared Ltd purchased a new position in APi Group in the fourth quarter valued at $85,000. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

APi Group Stock Down 2.5 %

NYSE APG traded down $1.02 during trading on Friday, reaching $39.86. 2,256,550 shares of the company's stock were exchanged, compared to its average volume of 1,246,052. The stock has a market cap of $10.95 billion, a P/E ratio of -20.23 and a beta of 1.55. 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 50 day moving average price of $37.38 and a two-hundred day moving average price of $35.75. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $41.31.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on APG. UBS Group decreased their target price on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price for the company in a report on Tuesday, January 14th. Barclays lifted their target price on APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. William Blair reiterated an "outperform" rating on shares of APi Group in a report on Thursday, December 5th. Finally, Robert W. Baird lifted their target price on APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, APi Group currently has an average rating of "Moderate Buy" and an average price target 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.