APi Group Co. (NYSE:APG) Shares Purchased by Ethic Inc.

Ethic Inc. increased its position in APi Group Co. (NYSE:APG - Free Report) by 99.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,747 shares of the company's stock after purchasing an additional 12,823 shares during the quarter. Ethic Inc.'s holdings in APi Group were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APG. Blue Trust Inc. boosted its stake in APi Group by 92.3% during 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 during the period. First Horizon Advisors Inc. raised its holdings 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 buying an additional 414 shares during the period. Strategic Financial Concepts LLC lifted its position in shares of APi Group by 2,058.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock valued at $82,000 after acquiring an additional 217,071 shares in the last quarter. R Squared Ltd acquired a new position in APi Group during the fourth quarter valued at $85,000. Finally, Principal Securities Inc. grew its position in APi Group by 28.1% during the fourth quarter. Principal Securities Inc. now owns 2,611 shares of the company's stock valued at $94,000 after purchasing an additional 573 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

Insider Activity at APi Group

In related news, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 5,612,102 shares of the company's stock, valued at $239,748,997.44. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction dated 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 sale, the director now directly owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. This trade represents a 4.56% decrease in their position. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by corporate insiders.

APi Group Stock Up 0.0%

NYSE APG traded up $0.02 during mid-day trading on Monday, reaching $45.92. The stock had a trading volume of 1,272,068 shares, compared to its average volume of 1,710,527. The stock has a market cap of $12.71 billion, a PE ratio of -23.31 and a beta of 1.54. The company has a fifty day moving average price of $37.76 and a 200 day moving average price of $37.53. 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 current ratio of 1.51 and a quick ratio of 1.42.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.66 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. APi Group's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the company earned $0.34 EPS. On average, research analysts expect that APi Group Co. will post 1.83 earnings per share for the current year.

Analyst Ratings Changes

APG has been the subject of several research reports. JPMorgan Chase & Co. increased their target price on shares of APi Group from $39.00 to $46.00 and gave the company a "neutral" rating in a research note on Friday. Citigroup lowered their price objective on shares of APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, April 14th. UBS Group decreased their price objective on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Robert W. Baird upped their price target on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, Truist Financial reiterated a "buy" rating and issued a $48.00 target price (up previously from $45.00) on shares of APi Group in a research 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.57.

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.