APi Group Co. (NYSE:APG) Holdings Lifted by Nebula Research & Development LLC

Nebula Research & Development LLC grew its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 111.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,090 shares of the company's stock after buying an additional 10,597 shares during the quarter. Nebula Research & Development LLC's holdings in APi Group were worth $723,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company's stock worth $27,000 after purchasing an additional 386 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of APi Group in the fourth quarter worth about $34,000. 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 valued at $43,000 after buying an additional 414 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of APi Group by 2,058.1% during the 4th 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 during the period. Finally, R Squared Ltd purchased a new position in APi Group in the 4th quarter worth approximately $85,000. Institutional investors and hedge funds own 86.62% of the company's stock.

Insider Buying and Selling at APi Group

In related news, 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 value of $1,898,500.00. Following the sale, the director now 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 17.00% of the stock is currently owned by insiders.

APi Group Stock Performance

Shares of APG stock traded up $1.95 on Friday, hitting $42.29. 2,875,658 shares of the stock traded hands, compared to its average volume of 1,670,043. The company's fifty day moving average is $36.35 and its 200 day moving average is $36.75. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $42.54. The company has a market capitalization of $11.68 billion, a PE ratio of -21.47 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

APi Group (NYSE:APG - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share 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%. The company had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.66 billion. During the same period in the prior year, the company earned $0.34 earnings per share. The firm's revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that APi Group Co. will post 1.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays reduced their target price on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. UBS Group lowered their target price on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Citigroup dropped their target price on APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Robert W. Baird increased their price target on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $43.14.

APi Group Company 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.