APi Group Co. (NYSE:APG) Shares Acquired by Xponance Inc.

Xponance Inc. increased its stake in shares of APi Group Co. (NYSE:APG) by 23.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,686 shares of the company’s stock after purchasing an additional 2,062 shares during the quarter. Xponance Inc.’s holdings in APi Group were worth $384,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of APG. Janus Henderson Group PLC grew its position in shares of APi Group by 19.2% during the third quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after buying an additional 1,351,013 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in APi Group by 1,106.9% in the fourth quarter. Handelsbanken Fonder AB now owns 643,300 shares of the company’s stock worth $23,140,000 after acquiring an additional 590,000 shares during the last quarter. Two Sigma Advisers LP grew its holdings in APi Group by 124.7% during the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the company’s stock worth $29,540,000 after acquiring an additional 496,500 shares in the last quarter. Progeny 3 Inc. increased its position in shares of APi Group by 24.2% in the 3rd quarter. Progeny 3 Inc. now owns 2,298,025 shares of the company’s stock valued at $75,881,000 after purchasing an additional 447,200 shares during the last quarter. Finally, GW&K Investment Management LLC raised its holdings in shares of 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. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 50,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were 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 owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 18.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APG. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Tuesday, January 14th. Citigroup cut their target price on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Robert W. Baird raised their price objective on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, UBS Group lowered 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.29.

APi Group Stock Performance

Shares of APG opened at $36.72 on Thursday. The company’s 50 day simple moving average is $37.85 and its 200-day simple moving average is $36.33. APi Group Co. has a 12-month low of $31.44 and a 12-month high of $41.31. The firm has a market cap of $10.19 billion, a PE ratio of -18.64 and a beta of 1.54. 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 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.