APi Group Co. (NYSE:APG) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its position in APi Group Co. (NYSE:APG) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,734 shares of the company’s stock after buying an additional 466 shares during the quarter. New York State Common Retirement Fund owned 0.06% of APi Group worth $4,904,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its holdings in APi Group by 27.5% in the 4th quarter. Jennison Associates LLC now owns 50,411 shares of the company’s stock worth $1,744,000 after buying an additional 10,871 shares in the last quarter. CWM LLC lifted its holdings in APi Group by 687.1% in the 4th quarter. CWM LLC now owns 13,081 shares of the company’s stock worth $453,000 after buying an additional 11,419 shares in the last quarter. Signaturefd LLC increased its position in shares of APi Group by 40.2% in the 4th quarter. Signaturefd LLC now owns 3,617 shares of the company’s stock worth $125,000 after purchasing an additional 1,038 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of APi Group by 2.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 76,698 shares of the company’s stock worth $2,654,000 after purchasing an additional 1,763 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its position in shares of APi Group by 701.8% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 121,332 shares of the company’s stock worth $4,198,000 after purchasing an additional 106,200 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on APG. Jefferies Financial Group began coverage on shares of APi Group in a research report on Friday, March 15th. They issued a “buy” rating and a $48.00 target price for the company. Barclays boosted their target price on shares of APi Group from $37.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. boosted their target price on shares of APi Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Citigroup boosted their target price on shares of APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, TheStreet downgraded shares of APi Group from a “b” rating to a “c+” rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.29.

APi Group Price Performance

Shares of NYSE:APG opened at $36.95 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.43 and a debt-to-equity ratio of 1.12. APi Group Co. has a fifty-two week low of $21.65 and a fifty-two week high of $39.98. The firm has a 50-day simple moving average of $38.19 and a 200 day simple moving average of $33.52. The company has a market cap of $10.07 billion, a PE ratio of -17.19, a P/E/G ratio of 1.11 and a beta of 1.62.

APi Group (NYSE:APG) last posted 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 38.34%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the firm earned $0.25 EPS. APi Group’s quarterly revenue was down .8% on a year-over-year basis. On average, sell-side analysts anticipate that APi Group Co. will post 1.87 EPS for the current year.

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.