KLP Kapitalforvaltning AS Acquires Shares of 41,700 APi Group Co. (NYSE:APG)

KLP Kapitalforvaltning AS bought a new position in APi Group Co. (NYSE:APG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 41,700 shares of the company’s stock, valued at approximately $1,500,000.

Other hedge funds also recently bought and sold shares of the company. Strategic Financial Concepts LLC grew its position 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 worth $82,000 after buying an additional 217,071 shares during the last quarter. Virtu Financial LLC purchased a new stake in APi Group in the third quarter worth $813,000. Janus Henderson Group PLC boosted its holdings 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 acquiring an additional 1,351,013 shares in the last quarter. Weiss Asset Management LP purchased a new position in APi Group during the 3rd quarter valued at $930,000. Finally, Cerity Partners LLC raised its holdings in APi Group by 42.3% in the 3rd quarter. Cerity Partners LLC now owns 76,168 shares of the company’s stock worth $2,515,000 after purchasing an additional 22,652 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Activity at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction that occurred 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 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 ownership of the stock. 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 insiders.

Analysts Set New Price Targets

APG has been the topic of a number of research reports. Robert W. Baird lifted their target price 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. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Tuesday, January 14th. William Blair restated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. UBS Group reduced their price target on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Barclays dropped their target price on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.29.

APi Group Trading Down 1.9 %

NYSE APG opened at $35.99 on Friday. APi Group Co. has a 12 month low of $31.44 and a 12 month high of $41.31. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock’s fifty day moving average price is $37.81 and its 200-day moving average price is $36.35. The stock has a market cap of $9.99 billion, a P/E ratio of -18.27 and a beta of 1.54.

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.