APi Group Co. (NYSE:APG) Stake Lifted by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in APi Group Co. (NYSE:APG - Free Report) by 85.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,123 shares of the company's stock after buying an additional 29,104 shares during the period. Cetera Investment Advisers' holdings in APi Group were worth $2,271,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its position 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 period. First Horizon Advisors Inc. raised its stake in shares of APi Group by 53.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock valued at $43,000 after purchasing an additional 414 shares in the last quarter. R Squared Ltd bought a new stake in shares of APi Group during the fourth quarter valued at about $85,000. Principal Securities Inc. raised its stake in shares of 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. Finally, Jones Financial Companies Lllp raised its stake in shares of APi Group by 828.0% during the fourth quarter. Jones Financial Companies Lllp now owns 3,805 shares of the company's stock valued at $137,000 after purchasing an additional 3,395 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective 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 cut their price objective on shares of APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Robert W. Baird lifted their price objective 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. UBS Group cut their price objective on shares of 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, Truist Financial restated 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $45.57.

Insider Buying and Selling

In related news, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $42.72, for a total value of $6,408,000.00. Following the transaction, the director now 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 completion of the transaction, the director now directly owns 1,046,203 shares in the company, valued at $39,724,327.91. This represents a 4.56% decrease in their position. The disclosure for this sale can be found here. 17.00% of the stock is owned by corporate insiders.

APi Group Price Performance

NYSE:APG opened at $45.88 on Monday. The business's 50-day moving average price is $37.76 and its 200 day moving average price is $37.53. The firm has a market cap of $12.70 billion, a P/E ratio of -23.29 and a beta of 1.54. APi Group Co. has a 52-week low of $30.76 and a 52-week high of $46.18. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

APi Group (NYSE:APG - Get Free Report) last released its 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. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates 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 was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. As a group, sell-side analysts predict that APi Group Co. will post 1.83 earnings per share for the current fiscal year.

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.

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