Freestone Grove Partners LP Invests $404,000 in APi Group Co. (NYSE:APG)

Freestone Grove Partners LP acquired a new stake in 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. The institutional investor acquired 11,220 shares of the company's stock, valued at approximately $404,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC lifted its position in APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock worth $82,000 after purchasing an additional 217,071 shares during the period. SG Americas Securities LLC lifted its position in shares of APi Group by 325.6% in the 4th quarter. SG Americas Securities LLC now owns 21,231 shares of the company's stock worth $764,000 after acquiring an additional 16,242 shares during the period. Asset Management One Co. Ltd. increased its holdings in APi Group by 24.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 89,897 shares of the company's stock valued at $3,236,000 after buying an additional 17,404 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of APi Group in the 4th quarter valued at approximately $511,000. Finally, Everence Capital Management Inc. bought a new position in shares of APi Group during the fourth quarter valued at $288,000. Hedge funds and other institutional investors own 86.62% of the company's stock.

Analyst Ratings Changes

APG has been the topic of several research reports. Barclays upped their price objective on APi Group from $43.00 to $48.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. UBS Group reduced their target price on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Citigroup cut their target price on shares of APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada raised shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a report on Tuesday, January 14th. Finally, Robert W. Baird raised their target price on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, APi Group presently has an average rating of "Moderate Buy" and a consensus price target of $43.86.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 50,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the transaction, the director now directly owns 1,046,203 shares of the company's stock, valued at approximately $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 SEC, which is available at 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 shares were sold at an average price of $42.72, for a total transaction of $6,408,000.00. Following the completion of the transaction, the director now directly owns 5,612,102 shares in the company, valued at $239,748,997.44. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. 17.00% of the stock is owned by company insiders.

APi Group Stock Up 0.4 %

Shares of NYSE:APG traded up $0.18 during midday trading on Friday, reaching $44.10. The company's stock had a trading volume of 1,492,555 shares, compared to its average volume of 1,703,375. APi Group Co. has a 12-month low of $30.76 and a 12-month high of $44.37. The firm has a market capitalization of $12.21 billion, a P/E ratio of -22.39 and a beta of 1.54. The firm has a 50 day moving average of $36.84 and a 200-day moving average of $37.08. 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 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The company 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 firm's revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 EPS. On average, research analysts anticipate that APi Group Co. will post 1.83 earnings per share for the current year.

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.