APi Group Co. (NYSE:APG) Shares Bought by Ethic Inc.

Ethic Inc. boosted its position in shares of APi Group Co. (NYSE:APG) by 99.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,747 shares of the company’s stock after acquiring an additional 12,823 shares during the period. Ethic Inc.’s holdings in APi Group were worth $926,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of APG. Blue Trust Inc. boosted its holdings in shares of APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after buying an additional 386 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after purchasing an additional 414 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of APi Group by 2,058.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock valued at $82,000 after purchasing an additional 217,071 shares in the last quarter. R Squared Ltd purchased a new position in shares of APi Group in the 4th quarter valued at about $85,000. Finally, Principal Securities Inc. raised its position in APi Group by 28.1% during the fourth quarter. Principal Securities Inc. now owns 2,611 shares of the company’s stock worth $94,000 after acquiring an additional 573 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

APG has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Barclays raised their target price on shares of APi Group from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Royal Bank of Canada raised 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. UBS Group reduced their price target on shares of 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, Truist Financial reaffirmed a “buy” rating and set a $48.00 price target (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, APi Group has an average rating of “Moderate Buy” and a consensus target price of $43.86.

Insider Activity

In related news, Director Ian G. H. Ashken sold 150,000 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $42.72, for a total value of $6,408,000.00. Following the completion of the sale, the director now owns 5,612,102 shares of the company’s stock, valued at $239,748,997.44. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the sale, the director now directly owns 1,046,203 shares of the company’s stock, valued at $39,724,327.91. The trade was a 4.56% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 17.00% of the company’s stock.

APi Group Stock Up 1.0%

Shares of NYSE:APG opened at $45.83 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. The company has a fifty day simple moving average of $37.19 and a 200 day simple moving average of $37.24. The firm has a market cap of $12.69 billion, a PE ratio of -23.26 and a beta of 1.54. APi Group Co. has a 12-month low of $30.76 and a 12-month high of $46.18.

APi Group (NYSE:APG) last released its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that APi Group Co. will post 1.83 EPS for the current fiscal year.

APi Group Company 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.