KLP Kapitalforvaltning AS Takes $1.50 Million Position in APi Group Co. (NYSE:APG)

KLP Kapitalforvaltning AS acquired a new position in shares of APi Group Co. (NYSE:APG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 41,700 shares of the company's stock, valued at approximately $1,500,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. increased its holdings in APi Group by 46.2% in the 4th quarter. Sei Investments Co. now owns 647,411 shares of the company's stock valued at $23,287,000 after buying an additional 204,495 shares during the period. American Century Companies Inc. increased its stake in APi Group by 134.0% in the fourth quarter. American Century Companies Inc. now owns 50,977 shares of the company's stock valued at $1,834,000 after acquiring an additional 29,190 shares during the last quarter. Royal London Asset Management Ltd. raised its position in APi Group by 2.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 150,837 shares of the company's stock valued at $5,426,000 after purchasing an additional 3,976 shares in the last quarter. Xponance Inc. lifted its stake in APi Group by 23.9% during the fourth quarter. Xponance Inc. now owns 10,686 shares of the company's stock worth $384,000 after purchasing an additional 2,062 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of APi Group by 27.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,995 shares of the company's stock valued at $360,000 after purchasing an additional 2,130 shares in the last quarter. Institutional investors own 86.62% of the company's stock.

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APi Group Trading Up 1.2 %

NYSE APG traded up $0.44 during trading hours on Wednesday, reaching $36.33. The company's stock had a trading volume of 1,101,296 shares, compared to its average volume of 1,678,855. The firm has a fifty day simple moving average of $37.68 and a 200-day simple moving average of $36.42. 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 52 week low of $31.44 and a 52 week high of $41.31. The stock has a market cap of $10.08 billion, a P/E ratio of -18.44 and a beta of 1.54.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on APG shares. William Blair reissued an "outperform" rating on shares of APi Group in a report on Thursday, December 5th. UBS Group dropped their target price on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Barclays reduced their price target on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Royal Bank of Canada upgraded shares of 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. Finally, Robert W. Baird raised their target price on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $43.29.

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the sale, the director now 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 SEC, which is accessible through this link. Corporate insiders own 18.20% of the company's stock.

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.