SG Americas Securities LLC Reduces Stock Holdings in APi Group Co. (NYSE:APG)

SG Americas Securities LLC lowered its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 85.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,899 shares of the company's stock after selling 28,612 shares during the period. SG Americas Securities LLC's holdings in APi Group were worth $170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in APi Group by 4.3% in the first quarter. JPMorgan Chase & Co. now owns 207,347 shares of the company's stock worth $4,360,000 after purchasing an additional 8,460 shares during the last quarter. US Bancorp DE increased its position in APi Group by 8.0% in the first quarter. US Bancorp DE now owns 12,978 shares of the company's stock worth $273,000 after purchasing an additional 965 shares during the last quarter. PNC Financial Services Group Inc. increased its position in APi Group by 1,075.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,914 shares of the company's stock worth $61,000 after purchasing an additional 2,666 shares during the last quarter. AlphaCrest Capital Management LLC increased its position in APi Group by 24.1% in the first quarter. AlphaCrest Capital Management LLC now owns 16,374 shares of the company's stock worth $344,000 after purchasing an additional 3,180 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in APi Group by 57.0% in the first quarter. MetLife Investment Management LLC now owns 107,748 shares of the company's stock worth $2,266,000 after purchasing an additional 39,118 shares during the last quarter. Institutional investors own 86.62% of the company's stock.

Insiders Place Their Bets

In other APi Group news, CFO Kevin Krumm sold 5,585 shares of the business's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following the completion of the transaction, the chief financial officer now directly owns 34,180 shares in the company, valued at $1,220,909.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director James E. Lillie sold 125,000 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the transaction, the director now owns 5,455,411 shares in the company, valued at $209,378,674.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin Krumm sold 5,585 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total transaction of $199,496.20. Following the transaction, the chief financial officer now owns 34,180 shares in the company, valued at approximately $1,220,909.60. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

APi Group Stock Up 1.9 %

NYSE:APG traded up $0.72 during mid-day trading on Monday, reaching $39.28. The company's stock had a trading volume of 1,803,138 shares, compared to its average volume of 1,442,698. APi Group Co. has a 1 year low of $21.15 and a 1 year high of $39.98. The stock has a fifty day moving average of $37.24 and a 200-day moving average of $32.38. The firm has a market capitalization of $10.27 billion, a PE ratio of -50.74, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64. The company has a quick ratio of 1.35, a current ratio of 1.43 and a debt-to-equity ratio of 1.12.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.76 billion. APi Group had a net margin of 2.21% and a return on equity of 20.24%. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 earnings per share. Equities research analysts forecast that APi Group Co. will post 1.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on APG shares. Royal Bank of Canada lifted their price objective on shares of APi Group from $36.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Monday, April 8th. JPMorgan Chase & Co. lifted their price objective on shares of APi Group from $31.00 to $35.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 6th. Barclays lifted their price objective on shares of APi Group from $37.00 to $44.00 and gave the stock an "overweight" rating in a research note on Thursday, February 29th. UBS Group boosted their target price on shares of APi Group from $40.00 to $48.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. Finally, TheStreet lowered shares of APi Group from a "b" rating to a "c+" rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, APi Group has a consensus rating of "Moderate Buy" and an average target price of $43.00.

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.