APi Group Co. (NYSE:APG) Shares Sold by Focus Partners Wealth

Focus Partners Wealth trimmed its position in APi Group Co. (NYSE:APG - Free Report) by 15.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 213,737 shares of the company's stock after selling 40,172 shares during the quarter. Focus Partners Wealth owned approximately 0.08% of APi Group worth $7,688,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after purchasing an additional 386 shares in the last quarter. First Horizon Advisors Inc. raised its stake 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 in the last quarter. R Squared Ltd acquired a new stake in APi Group during the 4th quarter worth $85,000. Principal Securities Inc. raised its stake in APi Group by 28.1% during the 4th quarter. Principal Securities Inc. now owns 2,611 shares of the company's stock worth $94,000 after acquiring an additional 573 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in APi Group by 828.0% during the 4th quarter. Jones Financial Companies Lllp now owns 3,805 shares of the company's stock worth $137,000 after acquiring an additional 3,395 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Royal Bank of Canada upgraded shares of 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. Barclays lifted 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, May 5th. Robert W. Baird lifted their price target on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Truist Financial reiterated a "buy" rating and set a $48.00 price target (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Finally, Citigroup lowered their price objective 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $43.86.

Insider Activity

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction dated 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 sale, the director now owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. The trade was 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 accessible through this hyperlink. Also, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $42.72, for a total transaction 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 approximately $239,748,997.44. The trade was a 2.60% decrease in their position. The disclosure for this sale can be found here. Insiders own 17.00% of the company's stock.

APi Group Trading Up 1.0%

Shares of APi Group stock opened at $45.83 on Wednesday. APi Group Co. has a 1 year low of $30.76 and a 1 year high of $46.18. 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 company has a market capitalization of $12.69 billion, a P/E ratio of -23.26 and a beta of 1.54. The company's fifty day moving average is $37.19 and its two-hundred day moving average is $37.24.

APi Group (NYSE:APG - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share 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 the consensus estimate of $1.66 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Analysts forecast that APi Group Co. will post 1.83 earnings per share 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.

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