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, HoldingsChannel.com reports. The fund owned 60,800 shares of the company’s stock after selling 36,500 shares during the period. ING Groep NV’s holdings in APi Group were worth $2,187,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of APG. Advantage Alpha Capital Partners LP grew its holdings 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 purchasing an additional 119,229 shares during the period. GSA Capital Partners LLP purchased a new stake in APi Group during the third quarter worth approximately $881,000. Dynamic Technology Lab Private Ltd purchased a new stake in APi Group during the third quarter worth approximately $2,586,000. Oppenheimer Asset Management Inc. increased 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 worth $3,290,000 after acquiring an additional 37,531 shares in the last quarter. Finally, Quantbot Technologies LP raised 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 valued at $5,276,000 after acquiring an additional 157,159 shares during the period. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

APi Group Price Performance

APG stock opened at $39.86 on Friday. The stock’s 50 day moving average is $37.42 and its two-hundred day moving average is $35.82. APi Group Co. has a 52-week low of $31.44 and a 52-week high of $41.31. The company has a market capitalization of $10.95 billion, a PE ratio of -20.23 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.

Wall Street Analysts Forecast Growth

APG has been the subject of several recent research reports. William Blair reiterated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Tuesday, January 14th. Citigroup dropped their target price on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. UBS Group decreased their price target on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Barclays lifted their price objective on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, APi Group presently has an average rating of “Moderate Buy” and a consensus price target of $42.88.

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.