KBC Group NV Boosts Stock Position in APi Group Co. (NYSE:APG)

KBC Group NV raised its holdings in shares of APi Group Co. (NYSE:APG) by 56.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,750 shares of the company’s stock after purchasing an additional 3,149 shares during the quarter. KBC Group NV’s holdings in APi Group were worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. grew its position in APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after acquiring an additional 386 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of APi Group by 325.6% in the 4th quarter. SG Americas Securities LLC now owns 21,231 shares of the company’s stock valued at $764,000 after purchasing an additional 16,242 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of APi Group by 48.0% in the 4th quarter. Park Avenue Securities LLC now owns 12,777 shares of the company’s stock worth $460,000 after purchasing an additional 4,144 shares during the period. ORG Wealth Partners LLC bought a new position in shares of APi Group during the 4th quarter valued at approximately $34,000. Finally, Everence Capital Management Inc. bought a new stake in APi Group in the fourth quarter worth $288,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Down 1.3 %

NYSE:APG opened at $37.67 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The firm has a market cap of $10.35 billion, a PE ratio of -19.12 and a beta of 1.55. The company has a 50-day moving average of $37.37 and a 200 day moving average of $35.59. APi Group Co. has a 1-year low of $31.44 and a 1-year high of $40.89.

Insider Transactions at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total value of $1,986,113.16. Following the transaction, the director now owns 5,478,779 shares in the company, valued at $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Lillie sold 11,568 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the sale, the director now directly owns 1,134,635 shares of the company’s stock, valued at approximately $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Robert W. Baird boosted their price objective on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Truist Financial initiated coverage on shares of APi Group in a research report on Wednesday, January 22nd. They issued a “buy” rating and a $45.00 price objective on the stock. Citigroup dropped their target price on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, January 13th. 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 report on Tuesday, January 14th. Finally, William Blair reaffirmed an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, APi Group has a consensus rating of “Moderate Buy” and a consensus price target of $43.38.

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.