Allspring Global Investments Holdings LLC Decreases Stock Holdings in APi Group Co. (NYSE:APG)

Allspring Global Investments Holdings LLC lowered its position in APi Group Co. (NYSE:APG) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,544,458 shares of the company’s stock after selling 356,838 shares during the period. Allspring Global Investments Holdings LLC’s holdings in APi Group were worth $235,144,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Advantage Alpha Capital Partners LP boosted 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 acquiring an additional 119,229 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in APi Group in the 3rd quarter worth approximately $881,000. Dynamic Technology Lab Private Ltd purchased a new stake in APi Group during the 3rd quarter worth approximately $2,586,000. Oppenheimer Asset Management Inc. increased its stake in APi Group by 60.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock valued at $3,290,000 after purchasing an additional 37,531 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in shares of APi Group by 5,964.3% during the third quarter. Quantbot Technologies LP now owns 159,794 shares of the company’s stock worth $5,276,000 after buying an additional 157,159 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Price Performance

Shares of NYSE APG opened at $38.31 on Wednesday. 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 company’s fifty day moving average price is $37.42 and its 200 day moving average price is $35.64. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $40.89.

Analysts Set New Price Targets

A number of brokerages recently issued reports on APG. Barclays raised their target price on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Royal Bank of Canada upgraded 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 report on Tuesday, January 14th. Robert W. Baird lifted their price objective on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. Finally, Citigroup cut their price objective on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, APi Group currently has an average rating of “Moderate Buy” and an average price target of $43.38.

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.