APi Group Co. (NYSE:APG) Shares Purchased by Durable Capital Partners LP

Durable Capital Partners LP raised its holdings in APi Group Co. (NYSE:APG - Free Report) by 199.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,007,539 shares of the company's stock after buying an additional 3,337,468 shares during the period. APi Group comprises about 1.5% of Durable Capital Partners LP's holdings, making the stock its 26th largest position. Durable Capital Partners LP owned 1.82% of APi Group worth $180,121,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Cetera Investment Advisers lifted its stake in APi Group by 85.6% during the fourth quarter. Cetera Investment Advisers now owns 63,123 shares of the company's stock worth $2,271,000 after purchasing an additional 29,104 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of APi Group by 50.0% during the 4th quarter. Captrust Financial Advisors now owns 14,508 shares of the company's stock worth $522,000 after buying an additional 4,839 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of APi Group in the 4th quarter valued at $584,000. Algert Global LLC grew its position in shares of APi Group by 184.4% in the 4th quarter. Algert Global LLC now owns 103,145 shares of the company's stock valued at $3,710,000 after buying an additional 66,879 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in APi Group during the 4th quarter worth $414,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction 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 completion of the transaction, the director now directly owns 5,612,102 shares of the company's stock, valued at approximately $239,748,997.44. The trade was a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction on 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 sale, 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 disclosure for this sale can be found here. 17.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on APG. Citigroup dropped their price objective on APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Robert W. Baird lifted their price target on APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Barclays increased their price objective on APi Group from $43.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. UBS Group cut their target price on shares of APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, February 18th. Finally, Royal Bank of Canada raised shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective 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 issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $43.86.

APi Group Stock Performance

APi Group stock traded up $0.18 during trading hours on Friday, reaching $44.10. 1,492,555 shares of the stock were exchanged, compared to its average volume of 1,703,375. APi Group Co. has a 52-week low of $30.76 and a 52-week high of $44.37. The stock has a market cap of $12.21 billion, a P/E 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 firm's 50 day moving average is $36.84 and its 200 day moving average is $37.08.

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