Capital Research Global Investors Has $393.77 Million Stake in APi Group Co. (NYSE:APG)

Capital Research Global Investors grew its stake in APi Group Co. (NYSE:APG - Free Report) by 118.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,947,284 shares of the company's stock after purchasing an additional 5,931,314 shares during the period. Capital Research Global Investors owned about 3.98% of APi Group worth $393,774,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in APG. Barclays PLC increased its stake in APi Group by 1.6% during the third quarter. Barclays PLC now owns 364,281 shares of the company's stock valued at $12,026,000 after acquiring an additional 5,701 shares during the period. Virtu Financial LLC acquired a new position in shares of APi Group in the 3rd quarter valued at $813,000. Wilmington Savings Fund Society FSB bought a new position in shares of APi Group during the 3rd quarter worth about $450,000. Tidal Investments LLC boosted its position in shares of APi Group by 10.8% during the 3rd quarter. Tidal Investments LLC now owns 54,553 shares of the company's stock valued at $1,801,000 after acquiring an additional 5,337 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in APi Group in the fourth quarter valued at about $288,000. Institutional investors and hedge funds own 86.62% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a report on Tuesday, January 14th. UBS Group lowered their price target on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Barclays dropped their price objective on APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Citigroup lowered their target price on shares of APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird increased their target price on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating 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 stock. Based on data from MarketBeat.com, APi Group presently has an average rating of "Moderate Buy" and an average target price of $43.14.

Insider Activity at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of the stock in a transaction 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 transaction, the director now directly owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.00% of the stock is currently owned by company insiders.

APi Group Price Performance

NYSE:APG traded up $0.12 during mid-day trading on Friday, reaching $37.40. 537,710 shares of the company were exchanged, compared to its average volume of 1,652,791. APi Group Co. has a 12 month low of $30.76 and a 12 month high of $41.31. The stock has a market cap of $10.33 billion, a PE ratio of -18.98 and a beta of 1.55. 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 has a fifty day moving average of $36.45 and a 200 day moving average of $36.49.

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.