APi Group Co. (NYSE:APG) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 83.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,138 shares of the company's stock after selling 78,933 shares during the period. Hsbc Holdings PLC's holdings in APi Group were worth $582,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock worth $27,000 after purchasing an additional 386 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of APi Group in the 4th quarter worth $34,000. First Horizon Advisors Inc. raised its position in shares of APi Group by 53.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock valued at $43,000 after buying an additional 414 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of APi Group by 2,058.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock worth $82,000 after acquiring an additional 217,071 shares during the last quarter. Finally, R Squared Ltd purchased a new position in APi Group in the fourth quarter worth $85,000. 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 shares were sold at an average price of $42.72, for a total transaction of $6,408,000.00. Following the transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Lillie sold 50,000 shares of the 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 completion of 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 position. The disclosure for this sale can be found here. Company insiders own 17.00% of the company's stock.

APi Group Stock Up 1.6%

APG stock traded up $0.71 on Monday, reaching $44.87. 222,854 shares of the company traded hands, compared to its average volume of 1,697,914. The firm has a fifty day simple moving average of $36.84 and a 200-day simple moving average of $37.10. The company has a market cap of $12.42 billion, a P/E ratio of -22.78 and a beta of 1.54. APi Group Co. has a one year low of $30.76 and a one year high of $45.64. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly 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 analysts' expectations of $1.66 billion. During the same quarter in the previous year, the business posted $0.34 EPS. APi Group's revenue was up 7.4% compared to the same quarter last year. Research analysts anticipate that APi Group Co. will post 1.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

APG has been the subject of a number of recent research reports. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price for the company in a research report on Tuesday, January 14th. Truist Financial reaffirmed a "buy" rating and set a $48.00 price objective (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Barclays increased their target price 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 decreased their price target on APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Finally, Robert W. Baird raised their target price 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. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $43.86.

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.