Royal London Asset Management Ltd. Purchases 3,976 Shares of APi Group Co. (NYSE:APG)

Royal London Asset Management Ltd. grew its position in APi Group Co. (NYSE:APG) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,837 shares of the company’s stock after acquiring an additional 3,976 shares during the period. Royal London Asset Management Ltd. owned about 0.05% of APi Group worth $5,426,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC grew 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 worth $277,079,000 after purchasing an additional 1,351,013 shares during the period. Cooke & Bieler LP lifted its position in shares of APi Group by 3.4% in the fourth quarter. Cooke & Bieler LP now owns 4,020,768 shares of the company’s stock valued at $144,627,000 after buying an additional 132,713 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of APi Group by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock worth $123,217,000 after acquiring an additional 106,119 shares during the period. State Street Corp increased its holdings in shares of APi Group by 3.7% during the 3rd quarter. State Street Corp now owns 3,723,241 shares of the company’s stock worth $122,941,000 after acquiring an additional 132,971 shares during the last quarter. Finally, GW&K Investment Management LLC increased its holdings in shares of APi Group by 19.7% during the 4th quarter. GW&K Investment Management LLC now owns 2,631,409 shares of the company’s stock worth $94,652,000 after acquiring an additional 432,926 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 18.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on APG. UBS Group reduced their price objective on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Citigroup reduced their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. 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 report on Tuesday, January 14th. Robert W. Baird boosted their price objective on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Truist Financial reiterated a “buy” rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, APi Group currently has an average rating of “Moderate Buy” and an average price target of $43.43.

APi Group Trading Down 1.1 %

Shares of APG stock opened at $37.14 on Monday. The stock has a 50 day simple moving average of $37.79 and a 200 day simple moving average of $36.25. APi Group Co. has a 1 year low of $31.44 and a 1 year 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 has a market cap of $10.31 billion, a P/E ratio of -18.85 and a beta of 1.54.

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.