Jones Financial Companies Lllp Increases Stock Position in APi Group Co. (NYSE:APG)

Jones Financial Companies Lllp increased its position in shares of APi Group Co. (NYSE:APG) by 828.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,805 shares of the company’s stock after buying an additional 3,395 shares during the period. Jones Financial Companies Lllp’s holdings in APi Group were worth $137,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in APi Group by 19.2% during 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 in the last quarter. Handelsbanken Fonder AB lifted its holdings in APi Group by 1,106.9% during the fourth quarter. Handelsbanken Fonder AB now owns 643,300 shares of the company’s stock valued at $23,140,000 after purchasing an additional 590,000 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in APi Group by 124.7% during the third quarter. Two Sigma Advisers LP now owns 894,600 shares of the company’s stock valued at $29,540,000 after purchasing an additional 496,500 shares in the last quarter. Progeny 3 Inc. lifted its holdings in APi Group by 24.2% during the third 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 in the last quarter. Finally, GW&K Investment Management LLC lifted its holdings in APi Group by 19.7% during the fourth 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. 86.62% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director James E. Lillie sold 50,000 shares of the firm’s 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 directly owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 18.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on APG. UBS Group decreased their price objective on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. William Blair reissued an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. 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 on the stock in a research note on Tuesday, January 14th. Truist Financial reissued a “buy” rating and issued a $48.00 price target (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Finally, Robert W. Baird raised their price target on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.43.

APi Group Price Performance

APi Group stock opened at $37.20 on Friday. APi Group Co. has a 12-month low of $31.44 and a 12-month high of $41.31. The stock has a market cap of $10.33 billion, a P/E ratio of -18.88 and a beta of 1.54. The company has a 50-day moving average price of $37.69 and a 200 day moving average price of $36.15. 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 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.