2,725,277 Shares in APi Group Co. (NYSE:APG) Bought by Norges Bank

Norges Bank acquired a new stake in APi Group Co. (NYSE:APG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,725,277 shares of the company's stock, valued at approximately $98,028,000. Norges Bank owned 0.99% of APi Group at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Strategic Financial Concepts LLC raised its stake in shares of APi Group by 2,058.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock valued at $82,000 after acquiring an additional 217,071 shares during the period. Virtu Financial LLC acquired a new stake in APi Group in the 3rd quarter valued at approximately $813,000. Janus Henderson Group PLC raised its position in APi Group by 19.2% in the third quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company's stock valued at $277,079,000 after purchasing an additional 1,351,013 shares during the period. Weiss Asset Management LP acquired a new position in APi Group during the third quarter worth $930,000. Finally, SG Americas Securities LLC boosted its position in shares of APi Group by 325.6% during the fourth quarter. SG Americas Securities LLC now owns 21,231 shares of the company's stock worth $764,000 after buying an additional 16,242 shares during the period. Institutional investors and hedge funds own 86.62% of the company's stock.

APi Group Stock Down 4.4 %

Shares of NYSE:APG traded down $1.49 during trading hours on Friday, reaching $32.42. The stock had a trading volume of 2,400,213 shares, compared to its average volume of 1,688,377. The stock has a market capitalization of $9.00 billion, a price-to-earnings ratio of -16.46 and a beta of 1.55. The firm's 50 day moving average is $37.48 and its 200-day moving average is $36.41. APi Group Co. has a 1 year low of $31.40 and a 1 year high of $41.31. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

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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 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 owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 18.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on APG shares. Citigroup decreased their target price on APi Group from $45.00 to $43.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Robert W. Baird raised their price objective on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Truist Financial reaffirmed 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. Royal Bank of Canada raised shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research report on Tuesday, January 14th. Finally, UBS Group cut their price objective on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.29.

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.