Asset Management One Co. Ltd. Has $3.24 Million Stake in APi Group Co. (NYSE:APG)

Asset Management One Co. Ltd. increased its stake in shares of APi Group Co. (NYSE:APG) by 24.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 89,897 shares of the company’s stock after acquiring an additional 17,404 shares during the period. Asset Management One Co. Ltd.’s holdings in APi Group were worth $3,236,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in APG. Janus Henderson Group PLC increased its holdings in shares of APi Group by 19.2% during the 3rd 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 during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of APi Group by 412.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,044,034 shares of the company’s stock valued at $34,474,000 after acquiring an additional 840,452 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of APi Group by 124.7% during the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the company’s stock valued at $29,540,000 after acquiring an additional 496,500 shares during the last quarter. Progeny 3 Inc. increased its holdings in shares of APi Group by 24.2% during the 3rd quarter. Progeny 3 Inc. now owns 2,298,025 shares of the company’s stock valued at $75,881,000 after acquiring an additional 447,200 shares during the last quarter. Finally, Swedbank AB boosted its stake in APi Group by 18.8% during the 3rd quarter. Swedbank AB now owns 2,209,000 shares of the company’s stock valued at $72,941,000 after purchasing an additional 349,000 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Price Performance

Shares of APG stock opened at $40.22 on Thursday. The stock has a 50 day moving average of $37.33 and a two-hundred day moving average of $35.72. 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 Co. has a 12 month low of $31.44 and a 12 month high of $40.89. The company has a market capitalization of $11.05 billion, a P/E ratio of -20.41 and a beta of 1.55.

Analysts Set New Price Targets

APG has been the subject of several recent analyst reports. Truist Financial initiated coverage on APi Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $45.00 target price for the company. Citigroup decreased their target price on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. UBS Group decreased their target price on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday. Barclays increased their target price on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird increased their target price on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.88.

About APi Group

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.