Tower Research Capital LLC TRC Cuts Stock Holdings in APi Group Co. (NYSE:APG)

Tower Research Capital LLC TRC reduced its position in shares of APi Group Co. (NYSE:APG - Free Report) by 73.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,389 shares of the company's stock after selling 39,534 shares during the period. Tower Research Capital LLC TRC's holdings in APi Group were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

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

APi Group Stock Up 4.8 %

NYSE APG traded up $1.95 on Friday, hitting $42.29. 2,875,658 shares of the company were exchanged, compared to its average volume of 1,670,043. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The company has a market cap of $11.68 billion, a PE ratio of -21.47 and a beta of 1.54. The stock has a fifty day moving average of $36.35 and a 200-day moving average of $36.77. APi Group Co. has a 12 month low of $30.76 and a 12 month high of $42.54.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings data 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 prior year, the firm earned $0.34 EPS. The business's revenue was up 7.4% on a year-over-year basis. As a group, analysts forecast that APi Group Co. will post 1.83 earnings per share for the current year.

Insider Activity

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 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 approximately $39,724,327.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 17.00% of the company's stock.

Analyst Upgrades and Downgrades

APG has been the subject of several recent research reports. Robert W. Baird increased 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. Truist Financial reissued a "buy" rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. 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 note on Tuesday, January 14th. UBS Group lowered their target price on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, Barclays cut their price target on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.14.

APi Group Company 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.