Northern Trust Corp Trims Stake in APi Group Co. (NYSE:APG)

Northern Trust Corp cut its stake in APi Group Co. (NYSE:APG - Free Report) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,286,743 shares of the company's stock after selling 87,389 shares during the quarter. Northern Trust Corp owned approximately 0.47% of APi Group worth $46,284,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its position in shares of APi Group by 8.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 62,728 shares of the company's stock valued at $2,256,000 after purchasing an additional 5,010 shares during the period. Snyder Capital Management L P increased its position in APi Group by 4.5% during the fourth quarter. Snyder Capital Management L P now owns 1,954,560 shares of the company's stock worth $70,306,000 after acquiring an additional 83,298 shares during the period. Nebula Research & Development LLC increased its position in APi Group by 111.6% during the fourth quarter. Nebula Research & Development LLC now owns 20,090 shares of the company's stock worth $723,000 after acquiring an additional 10,597 shares during the period. T. Rowe Price Investment Management Inc. increased its position in APi Group by 100.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,860,463 shares of the company's stock worth $138,861,000 after acquiring an additional 1,936,924 shares during the period. Finally, Long Focus Capital Management LLC increased its position in APi Group by 326.3% during the fourth quarter. Long Focus Capital Management LLC now owns 127,893 shares of the company's stock worth $4,600,000 after acquiring an additional 97,893 shares during the period. 86.62% of the stock is owned by institutional investors.

Insider Transactions at APi Group

In other APi Group news, Director James E. Lillie sold 50,000 shares of the business'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 owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. The trade was a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ian G. H. Ashken sold 150,000 shares of the business'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 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 currently owned by insiders.

APi Group Stock Down 0.2%

Shares of APG stock traded down $0.11 on Wednesday, reaching $45.70. 481,261 shares of the company were exchanged, compared to its average volume of 1,709,927. The company has a market cap of $12.65 billion, a price-to-earnings ratio of -23.20 and a beta of 1.54. The company has a 50-day moving average of $37.19 and a 200-day moving average of $37.24. 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 Co. has a one year low of $30.76 and a one year high of $46.18.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate 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 firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 EPS. Analysts anticipate that APi Group Co. will post 1.83 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays raised their price target on shares of APi Group from $43.00 to $48.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Royal Bank of Canada upgraded shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a research note on Tuesday, January 14th. Truist Financial restated a "buy" rating and issued a $48.00 price objective (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Robert W. Baird increased their price objective on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Finally, Citigroup decreased their price objective on APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a report on Monday, April 14th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $43.86.

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.