APi Group Co. (NYSE:APG) Shares Sold by Lansing Management LP

Lansing Management LP trimmed its position in shares of APi Group Co. (NYSE:APG - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 470,629 shares of the company's stock after selling 62,210 shares during the quarter. APi Group makes up about 14.9% of Lansing Management LP's investment portfolio, making the stock its 3rd largest holding. Lansing Management LP owned approximately 0.17% of APi Group worth $16,929,000 at the end of the most recent reporting period.

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

APi Group Price Performance

NYSE APG traded up $2.08 during trading on Friday, reaching $42.42. 861,279 shares of the company traded hands, compared to its average volume of 1,664,598. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $42.47. 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 $36.30 and its two-hundred day moving average price is $36.67. The company has a market cap of $11.72 billion, a price-to-earnings ratio of -21.51 and a beta of 1.55.

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

Insider Activity at APi Group

In other news, Director James E. Lillie sold 50,000 shares of APi Group 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 owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 17.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on APG shares. Truist Financial reiterated a "buy" rating and set a $48.00 price target (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. UBS Group reduced their price target on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Barclays cut their price objective on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Royal Bank of Canada upgraded shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price for the company in a research note on Tuesday, January 14th. Finally, Robert W. Baird boosted their price target on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, APi Group currently has an average rating of "Moderate Buy" and an average target price of $43.14.

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.