Sei Investments Co. Has $23.29 Million Stock Position in APi Group Co. (NYSE:APG)

Sei Investments Co. boosted its holdings in shares of APi Group Co. (NYSE:APG) by 46.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 647,411 shares of the company’s stock after buying an additional 204,495 shares during the quarter. Sei Investments Co.’s holdings in APi Group were worth $23,287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in shares of APi Group by 134.0% during the 4th quarter. American Century Companies Inc. now owns 50,977 shares of the company’s stock worth $1,834,000 after acquiring an additional 29,190 shares during the last quarter. Royal London Asset Management Ltd. boosted its position in APi Group by 2.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 150,837 shares of the company’s stock worth $5,426,000 after purchasing an additional 3,976 shares during the period. Xponance Inc. increased its holdings in shares of APi Group by 23.9% in the fourth quarter. Xponance Inc. now owns 10,686 shares of the company’s stock valued at $384,000 after purchasing an additional 2,062 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of APi Group by 27.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,995 shares of the company’s stock valued at $360,000 after purchasing an additional 2,130 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of APi Group by 5.7% during the 4th quarter. Natixis Advisors LLC now owns 254,303 shares of the company’s stock worth $9,147,000 after buying an additional 13,686 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Price Performance

Shares of NYSE APG opened at $36.72 on Thursday. The stock has a market capitalization of $10.19 billion, a PE ratio of -18.64 and a beta of 1.54. APi Group Co. has a fifty-two week low of $31.44 and a fifty-two week high of $41.31. 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 business has a fifty day moving average price of $37.85 and a two-hundred day moving average price of $36.33.

Wall Street Analyst Weigh In

Several research analysts have weighed in on APG shares. Truist Financial reissued a “buy” rating and issued a $48.00 price target (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research note on Tuesday, January 14th. Barclays reduced their price target on APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday. UBS Group lowered their price objective 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. Finally, Citigroup reduced their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, January 13th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.29.

Insider Activity at APi Group

In other APi Group 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 value of $1,898,500.00. Following the transaction, the director now directly owns 1,046,203 shares of the company’s stock, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.20% of the stock is owned by insiders.

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.