Taikang Asset Management Hong Kong Co Ltd Buys Shares of 96,000 APi Group Co. (NYSE:APG)

Taikang Asset Management Hong Kong Co Ltd purchased a new position in shares of APi Group Co. (NYSE:APG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 96,000 shares of the company’s stock, valued at approximately $3,453,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Advantage Alpha Capital Partners LP lifted its holdings in APi Group by 79.6% in the third quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock worth $8,885,000 after purchasing an additional 119,229 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of APi Group during the 3rd quarter worth about $2,586,000. Quantbot Technologies LP lifted its stake in shares of APi Group by 5,964.3% in the 3rd quarter. Quantbot Technologies LP now owns 159,794 shares of the company’s stock worth $5,276,000 after acquiring an additional 157,159 shares during the period. Strategic Financial Concepts LLC boosted its holdings in shares of APi Group by 2,058.1% in 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 in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of APi Group by 2.1% during the third quarter. Fisher Asset Management LLC now owns 1,296,769 shares of the company’s stock valued at $42,819,000 after acquiring an additional 26,770 shares during the period. Institutional investors own 86.62% of the company’s stock.

APi Group Price Performance

NYSE APG opened at $38.43 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $41.31. The company has a market cap of $10.67 billion, a PE ratio of -19.51 and a beta of 1.54. The stock’s 50-day moving average price is $37.85 and its two-hundred day moving average price is $36.29.

Insider Transactions at APi Group

In related 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 value of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 18.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. 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 report on Tuesday, January 14th. Robert W. Baird upped their price target on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. UBS Group lowered their price objective on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Finally, Truist Financial reissued a “buy” rating and set a $48.00 target price (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.43.

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.