APi Group Co. (NYSE:APG) Shares Sold by ING Groep NV

ING Groep NV cut its position in shares of APi Group Co. (NYSE:APG) by 37.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 60,800 shares of the company’s stock after selling 36,500 shares during the quarter. ING Groep NV’s holdings in APi Group were worth $2,187,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Advantage Alpha Capital Partners LP raised its stake in shares of APi Group by 79.6% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock worth $8,885,000 after buying an additional 119,229 shares during the last quarter. GSA Capital Partners LLP acquired a new position in APi Group during the third quarter worth about $881,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of APi Group in the third quarter valued at about $2,586,000. Oppenheimer Asset Management Inc. grew its position in shares of APi Group by 60.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock valued at $3,290,000 after purchasing an additional 37,531 shares during the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of APi Group by 5,964.3% during the 3rd quarter. Quantbot Technologies LP now owns 159,794 shares of the company’s stock worth $5,276,000 after purchasing an additional 157,159 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

APi Group Trading Down 2.5 %

NYSE APG opened at $39.86 on Friday. The company has a 50-day moving average of $37.42 and a 200-day moving average of $35.82. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group Co. has a 12 month low of $31.44 and a 12 month high of $41.31. The company has a market cap of $10.95 billion, a P/E ratio of -20.23 and a beta of 1.55.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research note on Tuesday, January 14th. UBS Group decreased their price objective on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Robert W. Baird boosted their target price on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. Barclays upped their target price on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, William Blair reiterated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.88.

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.