Natixis Advisors L.P. Trims Stock Holdings in APi Group Co. (NYSE:APG)

Natixis Advisors L.P. trimmed its position in APi Group Co. (NYSE:APG - Free Report) by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 805,796 shares of the company's stock after selling 60,710 shares during the period. Natixis Advisors L.P. owned about 0.34% of APi Group worth $27,880,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Toronto Dominion Bank acquired a new stake in shares of APi Group during the third quarter worth $30,000. Signaturefd LLC grew its position in shares of APi Group by 40.2% during the 4th quarter. Signaturefd LLC now owns 3,617 shares of the company's stock worth $125,000 after buying an additional 1,038 shares during the period. Hanseatic Management Services Inc. bought a new stake in shares of APi Group in the 3rd quarter valued at about $152,000. Leverty Financial Group LLC acquired a new stake in shares of APi Group in the 4th quarter valued at approximately $219,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in APi Group by 41.4% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 6,612 shares of the company's stock worth $229,000 after acquiring an additional 1,937 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

APi Group Stock Down 1.0 %

NYSE:APG traded down $0.39 during trading hours on Friday, reaching $36.95. 1,726,656 shares of the stock were exchanged, compared to its average volume of 1,916,614. The stock has a market cap of $10.07 billion, a PE ratio of -17.19, a PEG ratio of 1.09 and a beta of 1.62. APi Group Co. has a twelve month low of $21.65 and a twelve month high of $39.98. The firm has a 50 day moving average of $38.19 and a 200 day moving average of $33.63. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.43 and a quick ratio of 1.35.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.60 billion. APi Group had a net margin of 2.49% and a return on equity of 38.34%. The firm's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share. On average, equities analysts expect that APi Group Co. will post 1.87 earnings per share for the current year.

Insider Transactions at APi Group

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

Wall Street Analysts Forecast Growth

APG has been the subject of several recent analyst reports. Robert W. Baird upped their target price on shares of APi Group from $39.00 to $43.00 and gave the company an "outperform" rating in a research note on Tuesday, April 16th. Citigroup raised their price objective on APi Group from $43.00 to $47.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. JPMorgan Chase & Co. boosted their target price on APi Group from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Wednesday, March 6th. Royal Bank of Canada lifted their price objective on APi Group from $36.00 to $45.00 and gave the company a "sector perform" rating in a report on Monday, April 8th. Finally, Barclays lifted their price target on shares of APi Group from $37.00 to $44.00 and gave the company an "overweight" rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $44.29.

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.