APi Group Co. (NYSE:APG) Shares Sold by MJP Associates Inc. ADV

MJP Associates Inc. ADV reduced its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 70.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,291 shares of the company's stock after selling 21,747 shares during the period. MJP Associates Inc. ADV's holdings in APi Group were worth $334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in APG. Blue Trust Inc. increased its holdings in 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 buying an additional 386 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in 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 buying an additional 414 shares in the last quarter. Strategic Financial Concepts LLC increased its holdings 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 valued at $82,000 after buying an additional 217,071 shares in the last quarter. R Squared Ltd purchased a new position in APi Group in the fourth quarter valued at $85,000. Finally, Principal Securities Inc. increased its holdings in 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 buying an additional 573 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $39,724,327.91. This represents a 4.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ian G. H. Ashken sold 150,000 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 5,612,102 shares in the company, valued at approximately $239,748,997.44. The trade was a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 17.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on APG shares. Robert W. Baird boosted their target price on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. boosted their target price on shares of APi Group from $39.00 to $46.00 and gave the stock a "neutral" rating in a research note on Friday. Barclays boosted their target price on shares of APi Group from $43.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. UBS Group cut their target price on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, 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. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $45.57.

APi Group Price Performance

NYSE APG traded up $0.10 during trading hours on Friday, hitting $45.88. 1,681,753 shares of the company's stock traded hands, compared to its average volume of 1,713,494. APi Group Co. has a 52-week low of $30.76 and a 52-week high of $46.18. The company has a market capitalization of $12.70 billion, a PE ratio of -23.29 and a beta of 1.54. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The firm's 50-day moving average is $37.57 and its 200-day moving average is $37.39.

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