JPMorgan Chase & Co. Reduces Stock Position in APi Group Co. (NYSE:APG)

JPMorgan Chase & Co. cut its position in shares of APi Group Co. (NYSE:APG - Free Report) by 16.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 783,969 shares of the company's stock after selling 151,823 shares during the period. JPMorgan Chase & Co. owned 0.29% of APi Group worth $28,199,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APG. Artisan Partners Limited Partnership purchased a new stake in shares of APi Group during the 4th quarter worth about $125,407,000. Handelsbanken Fonder AB lifted its position in shares of APi Group by 1,106.9% in the fourth quarter. Handelsbanken Fonder AB now owns 643,300 shares of the company's stock valued at $23,140,000 after acquiring an additional 590,000 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in APi Group by 19.7% in the 4th quarter. GW&K Investment Management LLC now owns 2,631,409 shares of the company's stock valued at $94,652,000 after purchasing an additional 432,926 shares in the last quarter. LPL Financial LLC grew its stake in APi Group by 555.2% during the 4th quarter. LPL Financial LLC now owns 298,615 shares of the company's stock valued at $10,741,000 after acquiring an additional 253,039 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its position in shares of 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 purchasing an additional 217,071 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

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Insider Activity at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the company's stock in a transaction 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 completion of the sale, the director now directly owns 1,046,203 shares in the company, valued at $39,724,327.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 18.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on APG shares. Robert W. Baird upped their price objective 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. Truist Financial reissued a "buy" rating and set a $48.00 target price (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. UBS Group dropped their price objective 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. Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a research report on Tuesday, January 14th. Finally, Citigroup reduced their price target on shares of APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a research 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. Based on data from MarketBeat, APi Group has a consensus rating of "Moderate Buy" and an average price target of $43.29.

APi Group Price Performance

Shares of NYSE APG traded up $0.35 during trading on Friday, reaching $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 current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group Co. has a twelve month low of $30.76 and a twelve month high of $41.31. The stock has a 50-day moving average price of $36.95 and a two-hundred day moving average price of $36.37. The stock has a market capitalization of $9.62 billion, a PE ratio of -17.60 and a beta of 1.55.

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.