Handelsbanken Fonder AB Has $23.14 Million Holdings in APi Group Co. (NYSE:APG)

Handelsbanken Fonder AB raised its position in shares of APi Group Co. (NYSE:APG) by 1,106.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 643,300 shares of the company’s stock after buying an additional 590,000 shares during the period. Handelsbanken Fonder AB owned about 0.23% of APi Group worth $23,140,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC grew its holdings in shares of APi Group by 19.2% during the third quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after purchasing an additional 1,351,013 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in APi Group by 412.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,044,034 shares of the company’s stock worth $34,474,000 after buying an additional 840,452 shares in the last quarter. Two Sigma Advisers LP grew its holdings in APi Group by 124.7% during the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the company’s stock worth $29,540,000 after acquiring an additional 496,500 shares during the last quarter. Progeny 3 Inc. grew its holdings in APi Group by 24.2% during the 3rd quarter. Progeny 3 Inc. now owns 2,298,025 shares of the company’s stock worth $75,881,000 after acquiring an additional 447,200 shares during the last quarter. Finally, Swedbank AB increased its position in APi Group by 18.8% in the 3rd quarter. Swedbank AB now owns 2,209,000 shares of the company’s stock valued at $72,941,000 after acquiring an additional 349,000 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Trading Up 0.9 %

NYSE APG opened at $40.75 on Friday. APi Group Co. has a 12 month low of $31.44 and a 12 month high of $41.27. The stock has a 50-day simple moving average of $37.38 and a 200 day simple moving average of $35.75. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $11.20 billion, a PE ratio of -20.69 and a beta of 1.55.

Analyst Upgrades and Downgrades

APG has been the topic of several research analyst reports. Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Tuesday, January 14th. Citigroup decreased their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. William Blair restated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Truist Financial assumed coverage on APi Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price target on the stock. Finally, UBS Group lowered their price objective on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company 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.