Select Equity Group L.P. Has $118.84 Million Stake in APi Group Co. (NYSE:APG)

Select Equity Group L.P. lessened its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,303,798 shares of the company's stock after selling 558,624 shares during the period. Select Equity Group L.P. owned 1.20% of APi Group worth $118,838,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in APG. Vanguard Group Inc. increased its stake in shares of APi Group by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company's stock valued at $831,791,000 after acquiring an additional 127,038 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in APi Group by 20.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company's stock valued at $562,120,000 after purchasing an additional 2,602,758 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of APi Group by 118.2% during the 4th quarter. Capital Research Global Investors now owns 10,947,284 shares of the company's stock valued at $393,774,000 after purchasing an additional 5,931,314 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of APi Group by 19.2% during the fourth quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company's stock worth $359,811,000 after purchasing an additional 1,611,744 shares during the last quarter. Finally, Durable Capital Partners LP lifted its position in shares of APi Group by 199.8% in the 4th quarter. Durable Capital Partners LP now owns 5,007,539 shares of the company's stock worth $180,121,000 after purchasing an additional 3,337,468 shares during the period. Institutional investors own 86.62% of the company's stock.

Analyst Ratings Changes

APG has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Truist Financial reaffirmed a "buy" rating and set a $48.00 price objective (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Barclays increased their price objective on APi Group from $43.00 to $48.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Robert W. Baird increased their price objective on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, Citigroup lowered their target price on APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $45.57.

Insider Activity

In other news, Director Ian G. H. Ashken sold 150,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $42.72, for a total transaction of $6,408,000.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Lillie sold 50,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 1,046,203 shares in the company, valued at $39,724,327.91. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 17.00% of the company's stock.

APi Group Stock Performance

NYSE APG traded down $0.14 on Tuesday, hitting $45.86. 1,228,823 shares of the company's stock were exchanged, compared to its average volume of 1,716,357. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The firm's 50-day moving average price is $37.95 and its two-hundred day moving average price is $37.60. APi Group Co. has a fifty-two week low of $30.76 and a fifty-two week high of $46.30. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of -23.28 and a beta of 1.54.

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

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.