Deutsche Bank AG Purchases 160,981 Shares of APi Group Co. (NYSE:APG)

Deutsche Bank AG increased its holdings in APi Group Co. (NYSE:APG - Free Report) by 310.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 212,822 shares of the company's stock after purchasing an additional 160,981 shares during the period. Deutsche Bank AG owned 0.08% of APi Group worth $7,655,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Strategic Financial Concepts LLC grew its position in APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock valued at $82,000 after acquiring an additional 217,071 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of APi Group by 24.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 89,897 shares of the company's stock worth $3,236,000 after buying an additional 17,404 shares during the period. SG Americas Securities LLC boosted its position in shares of APi Group by 325.6% in the fourth quarter. SG Americas Securities LLC now owns 21,231 shares of the company's stock worth $764,000 after buying an additional 16,242 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of APi Group in the fourth quarter worth about $511,000. Finally, Mount Yale Investment Advisors LLC purchased a new stake in shares of APi Group in the fourth quarter worth about $249,000. Hedge funds and other institutional investors own 86.62% of the company's stock.

Analysts Set New Price Targets

APG has been the topic of a number of research reports. Truist Financial increased their price target on APi Group from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday. UBS Group raised their target price on APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. raised their target price on APi Group from $39.00 to $46.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Citigroup lowered their target price on APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Barclays increased their price target on APi Group from $43.00 to $48.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. One investment 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 price target of $48.57.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 50,000 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian G. H. Ashken sold 150,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $42.72, for a total transaction of $6,408,000.00. Following the transaction, the director now directly owns 5,612,102 shares of the company's stock, valued at $239,748,997.44. The trade was a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 17.00% of the company's stock.

APi Group Stock Performance

NYSE:APG traded down $0.41 during midday trading on Thursday, reaching $45.69. The stock had a trading volume of 1,652,986 shares, compared to its average volume of 1,721,255. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $48.08. The firm's fifty day simple moving average is $38.33 and its 200-day simple moving average is $37.72. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The stock has a market capitalization of $12.65 billion, a P/E ratio of -23.20 and a beta of 1.54.

Shares of APi Group are scheduled to split on Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly minted shares will be issued to shareholders after the market closes on Monday, June 30th.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.66 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business posted $0.34 EPS. On average, equities research analysts forecast that APi Group Co. will post 1.83 EPS for the current fiscal year.

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.