Mercer Global Advisors Inc. ADV Buys Shares of 8,547 APi Group Co. (NYSE:APG)

Mercer Global Advisors Inc. ADV 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 Securities & Exchange Commission. The firm bought 8,547 shares of the company's stock, valued at approximately $307,000.

A number of other hedge funds have also bought and sold shares of the company. Blue Trust Inc. boosted its holdings in APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock worth $27,000 after purchasing an additional 386 shares during the last quarter. First Horizon Advisors Inc. raised its position 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 valued at $43,000 after purchasing an additional 414 shares during the period. R Squared Ltd bought a new stake in shares of APi Group in the fourth quarter valued at approximately $85,000. Principal Securities Inc. raised its position in shares of APi Group by 28.1% in 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 during the period. Finally, Jones Financial Companies Lllp increased its holdings in APi Group by 828.0% during the 4th quarter. Jones Financial Companies Lllp now owns 3,805 shares of the company's stock worth $137,000 after acquiring an additional 3,395 shares during the period. Institutional investors own 86.62% of the company's stock.

APi Group Price Performance

APG traded up $0.11 during trading hours on Monday, hitting $46.01. The company's stock had a trading volume of 2,903,004 shares, compared to its average volume of 1,716,907. The business's 50-day moving average price is $37.76 and its 200-day moving average price is $37.53. APi Group Co. has a 12 month low of $30.76 and a 12 month high of $46.18. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of -23.36 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.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. The business 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 business's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. Sell-side analysts expect that APi Group Co. will post 1.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

APG has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their target price on shares of APi Group from $39.00 to $46.00 and gave the stock a "neutral" rating in a report on Friday. 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 note on Monday, May 5th. Truist Financial reissued a "buy" rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. UBS Group dropped their price target on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $45.00 target price on shares of APi Group in a research report on Monday. 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, the company currently has an average rating of "Moderate Buy" and an average price target of $45.57.

Insider Buying and Selling

In related news, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $42.72, for a total value of $6,408,000.00. Following the completion of the transaction, the director now directly owns 5,612,102 shares of the company's stock, valued at $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 is available through this hyperlink. Also, Director James E. Lillie sold 50,000 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 1,046,203 shares in the company, valued at $39,724,327.91. The trade was a 4.56% decrease in their position. The disclosure for this sale can be found here. 17.00% of the stock is owned by insiders.

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.