JPMorgan Chase & Co. Sells 151,823 Shares of APi Group Co. (NYSE:APG)

JPMorgan Chase & Co. decreased its stake in shares of APi Group Co. (NYSE:APG) by 16.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 783,969 shares of the company’s stock after selling 151,823 shares during the quarter. JPMorgan Chase & Co. owned about 0.29% of APi Group worth $28,199,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in APi Group by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company’s stock worth $831,791,000 after purchasing an additional 127,038 shares in the last quarter. Cooke & Bieler LP increased its holdings in shares of APi Group by 3.4% in the fourth quarter. Cooke & Bieler LP now owns 4,020,768 shares of the company’s stock worth $144,627,000 after purchasing an additional 132,713 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of APi Group by 2.9% in the third quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock worth $123,217,000 after buying an additional 106,119 shares in the last quarter. State Street Corp boosted its stake in APi Group by 3.7% during the third quarter. State Street Corp now owns 3,723,241 shares of the company’s stock valued at $122,941,000 after buying an additional 132,971 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new position in APi Group during the 4th quarter valued at approximately $125,407,000. Institutional investors own 86.62% of the company’s stock.

Analyst Ratings Changes

APG has been the topic of several recent research reports. Robert W. Baird upped their price objective on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Truist Financial reaffirmed a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Barclays dropped their price objective on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Tuesday, January 14th. Finally, Citigroup dropped their price target on 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 equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, APi Group has a consensus rating of “Moderate Buy” and a consensus target price of $43.29.

Insider Activity

In other APi Group news, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the transaction, the director now owns 1,046,203 shares of the company’s stock, valued at $39,724,327.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 18.20% of the company’s stock.

APi Group Stock Performance

Shares of NYSE:APG opened at $32.21 on Wednesday. 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 12 month low of $30.76 and a 12 month high of $41.31. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of -16.35 and a beta of 1.55. The firm’s 50-day moving average is $37.19 and its 200 day moving average is $36.34.

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.