APi Group Co. (NYSE:APG) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC raised its position in APi Group Co. (NYSE:APG) by 48.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,777 shares of the company’s stock after purchasing an additional 4,144 shares during the period. Park Avenue Securities LLC’s holdings in APi Group were worth $460,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. AQR Capital Management LLC raised its stake in APi Group by 2.1% during the second quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock worth $755,000 after purchasing an additional 406 shares during the period. Equitable Trust Co. lifted its stake in APi Group by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 20,325 shares of the company’s stock worth $671,000 after acquiring an additional 446 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in APi Group by 0.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company’s stock worth $1,906,000 after buying an additional 450 shares during the period. KBC Group NV boosted its holdings in APi Group by 14.8% in the third quarter. KBC Group NV now owns 5,601 shares of the company’s stock valued at $185,000 after purchasing an additional 721 shares during the period. Finally, Cynosure Group LLC raised its holdings in APi Group by 7.6% in the third quarter. Cynosure Group LLC now owns 10,603 shares of the company’s stock valued at $350,000 after acquiring an additional 746 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Price Performance

Shares of APG stock opened at $38.12 on Friday. APi Group Co. has a twelve month low of $31.44 and a twelve month high of $40.89. 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 $10.47 billion, a PE ratio of -19.35 and a beta of 1.55. The firm has a fifty day simple moving average of $37.15 and a 200-day simple moving average of $35.59.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the company posted $0.48 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts anticipate that APi Group Co. will post 1.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on APG shares. 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. William Blair reiterated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Truist Financial started coverage on shares of APi Group in a report on Wednesday. They issued a “buy” rating and a $45.00 target price for the company. Barclays boosted their price target on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird upped 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. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, APi Group has a consensus rating of “Moderate Buy” and an average target price of $43.38.

Insider Buying and Selling at APi Group

In other news, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the transaction, the director now owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the transaction, the director now owns 1,134,635 shares of the company’s stock, valued at approximately $41,958,802.30. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.