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

Alua Capital Management LP reduced its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 42.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,615,900 shares of the company's stock after selling 1,915,448 shares during the period. APi Group makes up approximately 5.8% of Alua Capital Management LP's investment portfolio, making the stock its 8th biggest holding. Alua Capital Management LP owned 0.95% of APi Group worth $94,094,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Strategic Financial Concepts LLC lifted 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 valued at $82,000 after purchasing an additional 217,071 shares during the period. Virtu Financial LLC acquired a new stake in APi Group during the third quarter worth about $813,000. SG Americas Securities LLC lifted its holdings in APi Group by 325.6% in the fourth quarter. SG Americas Securities LLC now owns 21,231 shares of the company's stock valued at $764,000 after acquiring an additional 16,242 shares during the period. Asset Management One Co. Ltd. boosted its position in APi Group by 24.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 89,897 shares of the company's stock worth $3,236,000 after purchasing an additional 17,404 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of APi Group during the 4th quarter worth approximately $511,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Trading Up 2.1 %

Shares of APG traded up $0.88 during midday trading on Wednesday, hitting $43.37. 3,376,318 shares of the stock were exchanged, compared to its average volume of 1,691,229. 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 has a market cap of $11.98 billion, a P/E ratio of -22.02 and a beta of 1.54. APi Group Co. has a 52-week low of $30.76 and a 52-week high of $43.52. The stock has a fifty day simple moving average of $36.48 and a 200 day simple moving average of $36.87.

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 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 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 business earned $0.34 EPS. The firm's quarterly revenue was up 7.4% on a year-over-year basis. On average, research analysts anticipate that APi Group Co. will post 1.83 EPS for the current fiscal year.

Insider Transactions at APi Group

In related news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 17.00% of the company's stock.

Wall Street Analysts Forecast Growth

APG has been the subject of a number of recent analyst reports. Robert W. Baird boosted their price objective on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Truist Financial reaffirmed a "buy" rating and set a $48.00 price objective (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 research report on Tuesday, February 18th. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a research note on Tuesday, January 14th. Finally, Barclays raised their price objective on APi Group from $43.00 to $48.00 and gave the company an "overweight" rating in a report on Monday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $43.86.

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.