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

Northern Trust Corp trimmed its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the 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 0.47% of APi Group worth $46,284,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in APi Group by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company's stock worth $831,791,000 after acquiring an additional 127,038 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in APi Group by 20.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company's stock worth $562,120,000 after acquiring an additional 2,602,758 shares during the last quarter. Capital Research Global Investors increased its stake in APi Group by 118.2% in the 4th quarter. Capital Research Global Investors now owns 10,947,284 shares of the company's stock worth $393,774,000 after acquiring an additional 5,931,314 shares during the last quarter. Cooke & Bieler LP increased its stake in APi Group by 3.4% in the 4th quarter. Cooke & Bieler LP now owns 4,020,768 shares of the company's stock worth $144,627,000 after acquiring an additional 132,713 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in APi Group by 100.7% in the 4th 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 last quarter. 86.62% of the stock is currently owned by institutional investors.

Insider Transactions at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the business'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 of the company's stock, valued at $239,748,997.44. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James E. Lillie sold 50,000 shares of the business'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 directly owns 1,046,203 shares in the company, valued at $39,724,327.91. The trade was a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 17.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on APG shares. Truist Financial reiterated a "buy" rating and set a $48.00 price objective (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Barclays raised their price objective on APi Group from $43.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. UBS Group reduced their target price on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Robert W. Baird raised their price target on APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, Citigroup lowered 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, APi Group has an average rating of "Moderate Buy" and a consensus price target of $43.86.

APi Group Price Performance

Shares of APG stock traded up $0.46 during trading hours on Tuesday, hitting $45.83. The stock had a trading volume of 2,393,351 shares, compared to its average volume of 1,711,715. APi Group Co. has a one year low of $30.76 and a one year high of $46.41. 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 stock's 50-day moving average price is $37.00 and its two-hundred day moving average price is $37.18. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of -23.26 and a beta of 1.54.

APi Group (NYSE:APG - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.66 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. The business'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 year.

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.