Charles Schwab Investment Management Inc. Grows Position in APi Group Co. (NYSE:APG)

Charles Schwab Investment Management Inc. boosted its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,678,342 shares of the company's stock after acquiring an additional 24,212 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.14% of APi Group worth $92,671,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. boosted its stake in shares of APi Group by 2.9% in the 4th quarter. Xponance Inc. now owns 12,738 shares of the company's stock valued at $441,000 after purchasing an additional 365 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of APi Group by 0.3% in the 4th quarter. New York State Common Retirement Fund now owns 141,734 shares of the company's stock valued at $4,904,000 after purchasing an additional 466 shares during the last quarter. M&T Bank Corp boosted its stake in shares of APi Group by 0.7% in the 4th quarter. M&T Bank Corp now owns 95,799 shares of the company's stock valued at $3,315,000 after purchasing an additional 627 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of APi Group by 1.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 60,161 shares of the company's stock valued at $1,560,000 after purchasing an additional 735 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of APi Group by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 46,880 shares of the company's stock valued at $1,216,000 after purchasing an additional 766 shares during the last quarter. Institutional investors own 86.62% of the company's stock.

Insider Activity

In other news, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $37.21, for a total value of $5,581,500.00. Following the sale, the director now directly owns 5,828,779 shares in the company, valued at $216,888,866.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other APi Group news, CFO Kevin Krumm sold 5,585 shares of the 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 completion of the sale, the chief financial officer now owns 34,180 shares in the company, valued at $1,220,909.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $37.21, for a total transaction of $5,581,500.00. Following the completion of the transaction, the director now directly owns 5,828,779 shares of the company's stock, valued at approximately $216,888,866.59. The disclosure for this sale can be found here. Insiders have sold 280,585 shares of company stock worth $10,578,496 over the last ninety days. Insiders own 16.40% of the company's stock.

APi Group Stock Down 1.3 %

APG stock traded down $0.50 during mid-day trading on Monday, hitting $36.83. 971,692 shares of the company were exchanged, compared to its average volume of 1,565,195. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.35. The firm has a market cap of $10.10 billion, a P/E ratio of -17.36, a P/E/G ratio of 1.22 and a beta of 1.62. The firm's 50 day simple moving average is $38.36 and its 200 day simple moving average is $34.06. APi Group Co. has a 1-year low of $22.22 and a 1-year high of $39.98.

APi Group (NYSE:APG - Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. APi Group had a net margin of 2.49% and a return on equity of 37.83%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period last year, the company posted $0.25 EPS. The business's quarterly revenue was down .8% on a year-over-year basis. On average, sell-side analysts predict that APi Group Co. will post 1.84 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on APG. JPMorgan Chase & Co. raised their target price on shares of APi Group from $31.00 to $35.00 and gave the company 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. Jefferies Financial Group assumed coverage on shares of APi Group in a research note on Friday, March 15th. They set a "buy" rating and a $48.00 price objective on the stock. TheStreet lowered shares of APi Group from a "b" rating to a "c+" rating in a research note on Wednesday, February 28th. Finally, 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. 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, the company has a consensus rating of "Moderate Buy" and an average target price of $44.29.

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.