APi Group Co. (NYSE:APG) Shares Sold by Quarry LP

Quarry LP lessened its position in shares of APi Group Co. (NYSE:APG - Free Report) by 89.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 810 shares of the company's stock after selling 7,245 shares during the quarter. Quarry LP's holdings in APi Group were worth $29,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of APG. Blue Trust Inc. boosted its stake in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company's stock worth $27,000 after acquiring an additional 386 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in APi Group in the 4th quarter worth about $34,000. First Horizon Advisors Inc. boosted its position in APi Group by 53.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock worth $43,000 after purchasing an additional 414 shares in the last quarter. R Squared Ltd acquired a new stake in APi Group in the fourth quarter valued at approximately $85,000. Finally, Principal Securities Inc. increased its position in shares of APi Group by 28.1% in the fourth quarter. Principal Securities Inc. now owns 2,611 shares of the company's stock valued at $94,000 after buying an additional 573 shares in the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at APi Group

In other news, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $42.72, for a total transaction of $6,408,000.00. Following the completion of the transaction, the director now directly owns 5,612,102 shares in the company, valued at approximately $239,748,997.44. This represents a 2.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction dated 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 owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This trade represents 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 company insiders.

APi Group Price Performance

Shares of APG stock traded up $0.18 during trading hours on Friday, reaching $44.10. The company had a trading volume of 1,492,555 shares, compared to its average volume of 1,703,375. APi Group Co. has a 12-month low of $30.76 and a 12-month high of $44.37. The company has a market capitalization of $12.21 billion, a price-to-earnings ratio of -22.39 and a beta of 1.54. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The stock has a fifty day moving average of $36.84 and a 200-day moving average of $37.08.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on APG shares. Robert W. Baird increased their target price on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Citigroup dropped their target price on shares of APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Truist Financial restated a "buy" rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a research note on Tuesday, January 14th. Finally, Barclays raised their target price on APi Group from $43.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. One equities research 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 a consensus rating of "Moderate Buy" and an average price target of $43.86.

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.