Taikang Asset Management Hong Kong Co Ltd Purchases New Position in APi Group Co. (NYSE:APG)

Taikang Asset Management Hong Kong Co Ltd purchased a new stake in shares of APi Group Co. (NYSE:APG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 96,000 shares of the company's stock, valued at approximately $3,453,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of APi Group by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company's stock valued at $831,791,000 after acquiring an additional 127,038 shares in the last quarter. LPL Financial LLC boosted its stake in APi Group by 555.2% in the 4th quarter. LPL Financial LLC now owns 298,615 shares of the company's stock worth $10,741,000 after purchasing an additional 253,039 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of APi Group during the 4th quarter worth approximately $1,500,000. Sei Investments Co. increased its position in shares of APi Group by 46.2% during the 4th quarter. Sei Investments Co. now owns 647,411 shares of the company's stock valued at $23,287,000 after purchasing an additional 204,495 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of APi Group by 134.0% in the fourth quarter. American Century Companies Inc. now owns 50,977 shares of the company's stock worth $1,834,000 after buying an additional 29,190 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group reduced their price objective on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Robert W. Baird raised their target price on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. 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 report on Wednesday. Citigroup lowered their price objective on shares of APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Finally, 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $43.29.

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APi Group Stock Down 1.9 %

Shares of APi Group stock traded down $0.72 during trading hours on Friday, hitting $35.99. 1,159,496 shares of the company's stock traded hands, compared to its average volume of 1,675,946. APi Group Co. has a twelve month low of $31.44 and a twelve month high of $41.31. The stock has a 50 day simple moving average of $37.81 and a 200-day simple moving average of $36.38. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The company has a market cap of $9.99 billion, a PE ratio of -18.27 and a beta of 1.54.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction that occurred 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 sale, the director now owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 18.20% of the stock is currently owned by company insiders.

APi Group 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.