APi Group Co. (NYSE:APG) Shares Purchased by Progeny 3 Inc.

Progeny 3 Inc. boosted its holdings in APi Group Co. (NYSE:APG - Free Report) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,360,525 shares of the company's stock after buying an additional 62,500 shares during the period. APi Group accounts for approximately 6.7% of Progeny 3 Inc.'s holdings, making the stock its 3rd biggest position. Progeny 3 Inc. owned about 0.86% of APi Group worth $84,908,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Blue Trust Inc. grew its position in shares of APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after purchasing an additional 386 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of APi Group by 53.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock valued at $43,000 after purchasing an additional 414 shares in the last quarter. Strategic Financial Concepts LLC grew its position in shares of APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock valued at $82,000 after purchasing an additional 217,071 shares in the last quarter. R Squared Ltd purchased a new position in shares of APi Group during the fourth quarter valued at about $85,000. Finally, Principal Securities Inc. grew its position in shares of APi Group by 28.1% during the fourth quarter. Principal Securities Inc. now owns 2,611 shares of the company's stock valued at $94,000 after purchasing an additional 573 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

APi Group Trading Up 0.2%

Shares of NYSE:APG traded up $0.10 during trading on Friday, reaching $45.88. The company's stock had a trading volume of 1,681,753 shares, compared to its average volume of 1,712,144. APi Group Co. has a 12 month low of $30.76 and a 12 month high of $46.18. The firm's 50 day simple moving average is $37.76 and its two-hundred day simple moving average is $37.50. The stock has a market capitalization of $12.70 billion, a PE ratio of -23.29 and a beta of 1.54. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.66 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. APi Group's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 earnings per share. On average, research analysts predict that APi Group Co. will post 1.83 EPS for the current fiscal year.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $42.72, for a total value of $6,408,000.00. Following the sale, the director now directly owns 5,612,102 shares of the company's stock, valued at approximately $239,748,997.44. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Lillie sold 50,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the sale, the director now directly owns 1,046,203 shares in the company, valued at approximately $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. 17.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

APG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on APi Group from $39.00 to $46.00 and gave the company a "neutral" rating in a research report on Friday. UBS Group cut their price objective on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Truist Financial reaffirmed a "buy" rating and issued a $48.00 price target (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Barclays increased their price target on shares of APi Group from $43.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Finally, Robert W. Baird increased their price target on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $45.57.

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.