River Road Asset Management LLC Reduces Stake in APi Group Co. (NYSE:APG)

River Road Asset Management LLC decreased its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 26.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,120 shares of the company's stock after selling 63,033 shares during the quarter. River Road Asset Management LLC owned approximately 0.08% of APi Group worth $6,198,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. UniSuper Management Pty Ltd purchased a new stake in shares of APi Group in the second quarter valued at approximately $26,000. Toronto Dominion Bank purchased a new stake in APi Group in the third quarter worth about $30,000. Quantbot Technologies LP grew its holdings in APi Group by 386.6% during the 2nd quarter. Quantbot Technologies LP now owns 2,360 shares of the company's stock worth $35,000 after acquiring an additional 1,875 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in APi Group by 52.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,969 shares of the company's stock valued at $56,000 after purchasing an additional 1,019 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of APi Group by 1,075.0% in the 1st 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 period. 86.62% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at APi Group

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

APi Group Stock Performance

APi Group stock traded up $0.32 during mid-day trading on Thursday, reaching $37.38. 4,263,871 shares of the company traded hands, compared to its average volume of 1,580,462. APi Group Co. has a fifty-two week low of $21.15 and a fifty-two week high of $39.98. The firm's fifty day moving average is $37.53 and its two-hundred day moving average is $32.60. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.43 and a quick ratio of 1.35. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of -48.76, a price-to-earnings-growth ratio of 1.18 and a beta of 1.64.

APi Group (NYSE:APG - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.44 earnings per share (EPS) 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 return on equity of 20.24% and a net margin of 2.21%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. On average, equities research analysts expect that APi Group Co. will post 1.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on APG shares. UBS Group boosted their price objective on shares of APi Group from $40.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Jefferies Financial Group initiated coverage on APi Group in a research note on Friday, March 15th. They set a "buy" rating and a $48.00 price objective for the company. Barclays lifted their target price on APi Group from $37.00 to $44.00 and gave the company an "overweight" rating in a research note on Thursday, February 29th. Robert W. Baird raised their price target on shares of APi Group from $39.00 to $43.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Citigroup boosted their price objective on shares of APi Group from $43.00 to $47.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $44.29.

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.