APi Group Co. (NYSE:APG) Stake Lessened by Ancora Advisors LLC

Ancora Advisors LLC cut its position in shares of APi Group Co. (NYSE:APG - Free Report) by 52.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 204,382 shares of the company's stock after selling 225,122 shares during the quarter. Ancora Advisors LLC owned 0.07% of APi Group worth $7,352,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC increased its position in APi Group by 1.6% during the third quarter. Barclays PLC now owns 364,281 shares of the company's stock worth $12,026,000 after buying an additional 5,701 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in APi Group in the 3rd quarter valued at about $450,000. Tidal Investments LLC raised its stake in APi Group by 10.8% in the 3rd quarter. Tidal Investments LLC now owns 54,553 shares of the company's stock valued at $1,801,000 after purchasing an additional 5,337 shares during the last quarter. Everence Capital Management Inc. purchased a new position in APi Group in the 4th quarter valued at about $288,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of APi Group during the 4th quarter worth about $34,000. 86.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APG. Truist Financial restated a "buy" rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a research note on Tuesday, January 14th. Robert W. Baird increased their price objective on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Citigroup decreased their target price on shares of APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Barclays increased their price target on shares of APi Group from $43.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $43.86.

Insiders Place Their Bets

In other news, 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 completion of the sale, the director now directly owns 1,046,203 shares in the company, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.00% of the stock is owned by company insiders.

APi Group Trading Down 0.9 %

Shares of APi Group stock traded down $0.38 during trading hours on Tuesday, hitting $42.47. The company's stock had a trading volume of 2,224,171 shares, compared to its average volume of 1,684,489. The business has a fifty day moving average of $36.48 and a 200 day moving average of $36.87. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $42.99. The company has a market capitalization of $11.73 billion, a PE ratio of -21.56 and a beta of 1.54.

APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.66 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The firm's quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that APi Group Co. will post 1.83 EPS for the current year.

APi Group 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.