Sovereign s Capital Management LLC Takes Position in APi Group Co. (NYSE:APG)

Sovereign s Capital Management LLC bought a new position in shares of APi Group Co. (NYSE:APG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 38,630 shares of the company's stock, valued at approximately $1,390,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APG. Barclays PLC lifted its position in APi Group by 1.6% during the 3rd quarter. Barclays PLC now owns 364,281 shares of the company's stock worth $12,026,000 after acquiring an additional 5,701 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of APi Group by 48.0% during the fourth quarter. Park Avenue Securities LLC now owns 12,777 shares of the company's stock valued at $460,000 after buying an additional 4,144 shares during the last quarter. SG Americas Securities LLC raised its position in shares of APi Group by 325.6% during the fourth quarter. SG Americas Securities LLC now owns 21,231 shares of the company's stock valued at $764,000 after buying an additional 16,242 shares during the last quarter. Blue Trust Inc. raised its position in shares of APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after buying an additional 386 shares during the last quarter. Finally, KBC Group NV raised its position in shares of APi Group by 56.2% during the fourth quarter. KBC Group NV now owns 8,750 shares of the company's stock valued at $315,000 after buying an additional 3,149 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 50,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the sale, the director now directly owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. This represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ian G. H. Ashken sold 150,000 shares of the company's stock in a transaction dated 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 in the company, valued at $239,748,997.44. This represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 17.00% of the company's stock.

APi Group Price Performance

NYSE APG traded down $0.40 on Thursday, reaching $45.70. The company's stock had a trading volume of 2,813,164 shares, compared to its average volume of 1,727,588. The firm has a market cap of $12.65 billion, a PE ratio of -23.20 and a beta of 1.54. The business has a 50-day moving average price of $38.33 and a 200 day moving average price of $37.72. APi Group Co. has a 52 week low of $30.76 and a 52 week high of $48.08. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

Shares of APi Group are scheduled to split on the morning of Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly created shares will be distributed to shareholders after the market closes on Monday, June 30th.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on APG shares. Truist Financial upped their price objective on shares of APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday. Barclays upped their price objective on shares of APi Group from $43.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $45.00 price objective on shares of APi Group in a research report on Monday. UBS Group upped their price objective on shares of APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Robert W. Baird upped their price objective on shares of APi Group from $47.00 to $51.00 and gave the company an "outperform" rating in a research report on Thursday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, APi Group presently has a consensus rating of "Moderate Buy" and an average price target of $48.57.

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.