Cresset Asset Management LLC Has $371,000 Position in APi Group Co. (NYSE:APG)

Cresset Asset Management LLC lowered its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 48.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,319 shares of the company's stock after selling 9,715 shares during the period. Cresset Asset Management LLC's holdings in APi Group were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Equitable Trust Co. grew its holdings in APi Group by 1.7% during the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company's stock worth $744,000 after acquiring an additional 351 shares in the last quarter. CIBC Asset Management Inc raised its position in APi Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company's stock worth $265,000 after buying an additional 370 shares during the last quarter. Blue Trust Inc. raised its stake in shares of 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 buying an additional 386 shares in the last quarter. EntryPoint Capital LLC lifted its stake in shares of APi Group by 3.9% in the fourth quarter. EntryPoint Capital LLC now owns 10,435 shares of the company's stock valued at $375,000 after purchasing an additional 389 shares during the period. Finally, First Horizon Advisors Inc. lifted 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 acquiring an additional 414 shares during the period. Hedge funds and other institutional investors own 86.62% of the company's stock.

APi Group Stock Performance

Shares of NYSE:APG traded up $0.11 during midday trading on Monday, hitting $46.01. The company's stock had a trading volume of 2,903,004 shares, compared to its average volume of 1,716,907. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of -23.36 and a beta of 1.54. The stock's 50 day simple moving average is $37.76 and its 200 day simple moving average is $37.53. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group Co. has a fifty-two week low of $30.76 and a fifty-two week high of $46.18.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.37 earnings per share 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 firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the company earned $0.34 earnings per share. The business's revenue was up 7.4% compared to the same quarter last year. As a group, research analysts anticipate that APi Group Co. will post 1.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on APG shares. Truist Financial restated a "buy" rating and issued a $48.00 target price (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Royal Bank of Canada reissued an "outperform" rating and set a $45.00 target price on shares of APi Group in a research report on Monday. Citigroup reduced their target price on APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Robert W. Baird upped their price objective on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, UBS Group decreased their price target on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. 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 stock currently has an average rating of "Moderate Buy" and an average target price of $45.57.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the transaction, the director now owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. This represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ian G. H. Ashken sold 150,000 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 5,612,102 shares of the company's stock, valued at approximately $239,748,997.44. This trade represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.00% of the stock is owned by insiders.

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.