APi Group Co. (NYSE:APG) Shares Acquired by Algert Global LLC

Algert Global LLC raised its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 184.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,145 shares of the company's stock after buying an additional 66,879 shares during the quarter. Algert Global LLC's holdings in APi Group were worth $3,710,000 at the end of the most recent quarter.

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

Insider Activity at APi Group

In other news, Director Ian G. H. Ashken sold 150,000 shares of the company'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 value of $6,408,000.00. Following the completion of the sale, the director now directly owns 5,612,102 shares in the company, 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 Securities & Exchange Commission, which is available at this link. Also, Director James E. Lillie sold 50,000 shares of the firm'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 sale, the director now 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 ownership of the stock. The disclosure for this sale can be found here. 17.00% of the stock is owned by company insiders.

Analyst Ratings Changes

APG has been the topic of a number of research reports. Truist Financial restated a "buy" rating and issued a $48.00 target price (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Robert W. Baird raised their price objective on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Barclays increased their price target on APi Group from $43.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Citigroup dropped their price objective on shares of APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, 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 note on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $43.86.

APi Group Stock Up 1.8%

NYSE APG traded up $0.80 during midday trading on Monday, hitting $44.96. 439,921 shares of the company traded hands, compared to its average volume of 1,639,123. 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 has a market cap of $12.45 billion, a PE ratio of -22.82 and a beta of 1.54. APi Group Co. has a 52 week low of $30.76 and a 52 week high of $45.74. The company's 50-day simple moving average is $36.84 and its 200-day simple moving average is $37.10.

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, 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 firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the business earned $0.34 EPS. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities research analysts forecast that APi Group Co. will post 1.83 earnings per share for the current 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.