Royal London Asset Management Ltd. Has $5.43 Million Stake in APi Group Co. (NYSE:APG)

Royal London Asset Management Ltd. grew its stake in APi Group Co. (NYSE:APG) by 2.7% during the fourth quarter, HoldingsChannel reports. The firm owned 150,837 shares of the company’s stock after buying an additional 3,976 shares during the quarter. Royal London Asset Management Ltd.’s holdings in APi Group were worth $5,426,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in APG. Xponance Inc. lifted its stake in APi Group by 23.9% in the 4th quarter. Xponance Inc. now owns 10,686 shares of the company’s stock valued at $384,000 after purchasing an additional 2,062 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of APi Group by 27.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,995 shares of the company’s stock valued at $360,000 after acquiring an additional 2,130 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of APi Group by 5.7% in the 4th quarter. Natixis Advisors LLC now owns 254,303 shares of the company’s stock valued at $9,147,000 after acquiring an additional 13,686 shares during the last quarter. Catalyst Funds Management Pty Ltd boosted its holdings in shares of APi Group by 940.9% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 22,900 shares of the company’s stock valued at $824,000 after acquiring an additional 20,700 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in APi Group by 33.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 158,191 shares of the company’s stock worth $5,690,000 after purchasing an additional 40,000 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. 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 report on Tuesday, February 18th. Royal Bank of Canada raised shares of 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. Citigroup dropped their price target on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. William Blair reissued an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Finally, Truist Financial reaffirmed a “buy” rating and set a $48.00 target price (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.43.

Insider Activity

In other APi Group news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value 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. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 18.20% of the stock is owned by company insiders.

APi Group Price Performance

APG stock opened at $37.14 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The company’s fifty day simple moving average is $37.79 and its 200 day simple moving average is $36.25. APi Group Co. has a 12-month low of $31.44 and a 12-month high of $41.31. The firm has a market cap of $10.31 billion, a price-to-earnings ratio of -18.85 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.