Alyeska Investment Group L.P. Acquires Shares of 11,496 APi Group Co. (NYSE:APG)

Alyeska Investment Group L.P. bought a new stake in shares of APi Group Co. (NYSE:APG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,496 shares of the company's stock, valued at approximately $414,000.

A number of other hedge funds have also recently modified their holdings of the business. Equitable Trust Co. boosted its holdings in APi Group by 1.7% during the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company's stock valued at $744,000 after acquiring an additional 351 shares during the period. CIBC Asset Management Inc boosted its stake in shares of APi Group by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 7,380 shares of the company's stock valued at $265,000 after purchasing an additional 370 shares during the period. Blue Trust Inc. boosted its stake in shares of APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after purchasing an additional 386 shares during the period. EntryPoint Capital LLC grew its holdings in shares of APi Group by 3.9% in the fourth quarter. EntryPoint Capital LLC now owns 10,435 shares of the company's stock worth $375,000 after purchasing an additional 389 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock worth $43,000 after buying an additional 414 shares during the period. Institutional investors own 86.62% of the company's stock.

Insider Buying and Selling at APi Group

In related news, Director James E. Lillie sold 50,000 shares of the stock in a transaction that occurred on 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 completion of 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ian G. H. Ashken sold 150,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $42.72, for a total transaction of $6,408,000.00. Following the sale, the director now directly owns 5,612,102 shares in the company, valued at approximately $239,748,997.44. This represents a 2.60 % decrease in their position. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by company insiders.

APi Group Stock Up 0.4 %

APG traded up $0.18 on Friday, hitting $44.10. The company had a trading volume of 1,492,555 shares, compared to its average volume of 1,700,413. The stock has a market capitalization of $12.21 billion, a price-to-earnings ratio of -22.39 and a beta of 1.54. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The stock has a fifty day moving average price of $36.84 and a 200-day moving average price of $37.05. APi Group Co. has a 12-month low of $30.76 and a 12-month high of $44.37.

APi Group (NYSE:APG - Get Free Report) last announced 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. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.66 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. APi Group's revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $0.34 earnings per share. Analysts predict that APi Group Co. will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on APG shares. Barclays upped their target price on shares of APi Group from $43.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a research note on Tuesday, January 14th. Citigroup decreased their target price on APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Truist Financial reissued a "buy" rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Finally, UBS Group decreased their price objective on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.86.

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.