Alyeska Investment Group L.P. Makes New Investment in APi Group Co. (NYSE:APG)

Alyeska Investment Group L.P. acquired a new position in shares of APi Group Co. (NYSE:APG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,496 shares of the company's stock, valued at approximately $414,000.

Several other large investors also recently made changes to their positions in APG. Blue Trust Inc. raised its position in APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock worth $27,000 after acquiring an additional 386 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in shares of APi Group in the 4th quarter valued at about $34,000. First Horizon Advisors Inc. grew its holdings in APi Group by 53.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock worth $43,000 after purchasing an additional 414 shares during the period. Strategic Financial Concepts LLC increased its position in APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock worth $82,000 after buying an additional 217,071 shares during the last quarter. Finally, R Squared Ltd bought a new stake in APi Group in the fourth quarter valued at approximately $85,000. Institutional investors and hedge funds own 86.62% of the company's stock.

Insiders Place Their Bets

In related news, Director Ian G. H. Ashken sold 150,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $42.72, for a total value of $6,408,000.00. Following the sale, the director now directly owns 5,612,102 shares of the company's stock, valued at $239,748,997.44. This trade represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction dated 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 directly owns 1,046,203 shares of the company's stock, valued at approximately $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 Price Performance

Shares of APG stock traded up $0.80 during trading on Monday, hitting $44.96. The company had a trading volume of 394,692 shares, compared to its average volume of 1,698,689. The firm has a market capitalization of $12.45 billion, a P/E ratio of -22.83 and a beta of 1.54. APi Group Co. has a one year low of $30.76 and a one year high of $45.64. 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's 50-day moving average price is $36.84 and its 200 day moving average price is $37.10.

APi Group (NYSE:APG - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the firm posted $0.34 EPS. APi Group's quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts expect that APi Group Co. will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on APG shares. UBS Group decreased their target price on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Truist Financial reissued a "buy" rating and issued a $48.00 price objective (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Citigroup reduced their target price on shares of APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a report on Monday, April 14th. Barclays increased their price target on shares of APi Group from $43.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Finally, Royal Bank of Canada raised 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.