Davidson Kahn Capital Management LLC Buys Shares of 48,267 APi Group Co. (NYSE:APG)

Davidson Kahn Capital Management LLC purchased a new position in shares of APi Group Co. (NYSE:APG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 48,267 shares of the company's stock, valued at approximately $1,736,000. APi Group makes up about 1.6% of Davidson Kahn Capital Management LLC's holdings, making the stock its 23rd biggest position.

Several other hedge funds have also added to or reduced their stakes in the business. Equitable Trust Co. raised its holdings in shares of APi Group by 1.7% in 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 during the last quarter. CIBC Asset Management Inc grew its holdings in shares of APi Group by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 7,380 shares of the company's stock worth $265,000 after purchasing an additional 370 shares during the last quarter. Blue Trust Inc. lifted its position in shares of APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company's stock worth $27,000 after purchasing an additional 386 shares during the period. EntryPoint Capital LLC grew its holdings in APi Group by 3.9% in the fourth quarter. EntryPoint Capital LLC now owns 10,435 shares of the company's stock worth $375,000 after purchasing an additional 389 shares during the period. Finally, First Horizon Advisors Inc. lifted 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 buying an additional 414 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Insider Activity at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of the firm's stock in a transaction dated 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 directly owns 1,046,203 shares in the company, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 17.00% of the stock is owned by insiders.

APi Group Stock Down 0.7 %

Shares of NYSE APG traded down $0.31 on Tuesday, hitting $42.54. The company had a trading volume of 709,837 shares, compared to its average volume of 1,678,534. APi Group Co. has a 12-month low of $30.76 and a 12-month high of $42.99. The firm has a market capitalization of $11.75 billion, a P/E ratio of -21.58 and a beta of 1.54. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average of $36.41 and a two-hundred day moving average of $36.83.

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 the consensus estimate of $0.35 by $0.02. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the business posted $0.34 EPS. The business's revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts forecast that APi Group Co. will post 1.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on APG shares. Citigroup cut their price objective 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 raised their target price on 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 reissued a "buy" rating and issued a $48.00 price target (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Royal Bank of Canada upgraded shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a report on Tuesday, January 14th. Finally, 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, APi Group has a consensus rating of "Moderate Buy" and a consensus target price 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.