129,264 Shares in APi Group Co. (NYSE:APG) Acquired by Tema Etfs LLC

Tema Etfs LLC purchased a new position in shares of APi Group Co. (NYSE:APG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 129,264 shares of the company's stock, valued at approximately $4,650,000. APi Group makes up about 1.9% of Tema Etfs LLC's holdings, making the stock its 15th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of APi Group by 92.3% in the fourth 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. lifted its stake in APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock valued at $43,000 after buying an additional 414 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in APi Group by 2,058.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock worth $82,000 after buying an additional 217,071 shares during the last quarter. R Squared Ltd purchased a new stake in APi Group during the 4th quarter worth approximately $85,000. Finally, Principal Securities Inc. raised its holdings 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 acquiring an additional 573 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on APG shares. Citigroup cut 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. Barclays lifted their target price on APi Group from $43.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. UBS Group increased their price target on APi Group from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of APi Group from $39.00 to $46.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Truist Financial upped their target price on shares of APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $48.57.

APi Group Trading Down 0.9%

APi Group stock traded down $0.40 during midday trading on Thursday, reaching $45.70. 2,813,164 shares of the stock traded hands, compared to its average volume of 1,725,540. The firm has a market cap of $12.65 billion, a PE ratio of -23.20 and a beta of 1.54. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The company has a 50-day simple moving average of $38.33 and a two-hundred day simple moving average of $37.72. APi Group Co. has a 12-month low of $30.76 and a 12-month high of $48.08.

APi Group shares are set to split before the market opens on Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly issued shares will be distributed to shareholders after the market closes on Monday, June 30th.

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, beating analysts' consensus estimates of $0.35 by $0.02. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the business posted $0.34 earnings per share. APi Group's revenue was up 7.4% compared to the same quarter last year. Research analysts expect that APi Group Co. will post 1.83 earnings per share for the current fiscal year.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction on 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 completion of the sale, the director now directly owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. The trade was a 4.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian G. H. Ashken sold 150,000 shares of the business's stock in a transaction 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 transaction, the director now owns 5,612,102 shares of the company's stock, valued at approximately $239,748,997.44. The trade was a 2.60% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 17.00% of the company's stock.

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.