Invesco Ltd. Has $6.19 Million Stock Holdings in APi Group Co. (NYSE:APG)

Invesco Ltd. reduced its stake in APi Group Co. (NYSE:APG - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,070 shares of the company's stock after selling 13,628 shares during the period. Invesco Ltd. owned 0.06% of APi Group worth $6,189,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Equitable Trust Co. grew its position in APi Group by 1.7% in the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company's stock worth $744,000 after purchasing an additional 351 shares during the last quarter. CIBC Asset Management Inc increased its position in APi Group by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company's stock valued at $265,000 after acquiring an additional 370 shares during the period. Blue Trust Inc. raised 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 acquiring an additional 386 shares in the last quarter. EntryPoint Capital LLC boosted its position in APi Group by 3.9% during the 4th quarter. EntryPoint Capital LLC now owns 10,435 shares of the company's stock worth $375,000 after acquiring an additional 389 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of APi Group by 53.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock worth $43,000 after purchasing an additional 414 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

APi Group Trading Up 7.2 %

Shares of NYSE:APG traded up $2.72 during mid-day trading on Thursday, hitting $40.55. The stock had a trading volume of 579,867 shares, compared to its average volume of 1,658,500. APi Group Co. has a 12-month low of $30.76 and a 12-month high of $41.31. The company has a market cap of $11.20 billion, a PE ratio of -20.57 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The company's 50 day moving average is $36.28 and its 200-day moving average is $36.62.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly 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. APi Group had a net margin of 3.01% and a return on equity of 33.89%. During the same period last year, the business earned $0.34 earnings per share. The firm's revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts predict that APi Group Co. will post 1.83 EPS for the current year.

Insider Buying and Selling at APi Group

In related news, Director James E. Lillie sold 50,000 shares of the stock in a transaction on Monday, March 3rd. The stock was 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 in the company, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 17.00% of the company's stock.

Analyst Ratings Changes

APG has been the subject of several research analyst reports. Truist Financial reaffirmed a "buy" rating and issued a $48.00 price objective (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Robert W. Baird increased their price objective on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Citigroup cut their target price on APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a report on Tuesday, January 14th. Finally, Barclays lowered their target price on APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.14.

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.