US Bancorp DE Has $617,000 Holdings in APi Group Co. (NYSE:APG)

US Bancorp DE decreased its holdings in APi Group Co. (NYSE:APGFree Report) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,828 shares of the company’s stock after selling 1,255 shares during the quarter. US Bancorp DE’s holdings in APi Group were worth $617,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in APG. Vanguard Group Inc. boosted its position in shares of APi Group by 0.9% during the third quarter. Vanguard Group Inc. now owns 18,860,384 shares of the company’s stock valued at $489,050,000 after buying an additional 167,293 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of APi Group by 19.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,710,354 shares of the company’s stock worth $93,780,000 after acquiring an additional 449,571 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of APi Group by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,678,342 shares of the company’s stock valued at $92,671,000 after purchasing an additional 24,212 shares during the last quarter. Northern Trust Corp raised its holdings in shares of APi Group by 0.8% in the third quarter. Northern Trust Corp now owns 2,546,016 shares of the company’s stock valued at $66,018,000 after purchasing an additional 20,542 shares during the last quarter. Finally, Norges Bank bought a new position in shares of APi Group during the fourth quarter valued at about $77,071,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup increased their price objective on shares of APi Group from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, April 8th. TheStreet downgraded APi Group from a “b” rating to a “c+” rating in a research report on Wednesday, February 28th. UBS Group boosted their price objective on APi Group from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Jefferies Financial Group initiated coverage on APi Group in a research report on Friday, March 15th. They set a “buy” rating and a $48.00 target price for the company. Finally, Royal Bank of Canada boosted their price target on shares of APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.29.

Read Our Latest Analysis on APi Group

APi Group Stock Performance

NYSE:APG opened at $37.49 on Friday. The company has a market capitalization of $10.28 billion, a P/E ratio of -17.43, a P/E/G ratio of 1.26 and a beta of 1.57. The business has a fifty day simple moving average of $37.52 and a two-hundred day simple moving average of $35.16. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.35 and a quick ratio of 1.26. APi Group Co. has a 1 year low of $24.38 and a 1 year high of $39.98.

APi Group (NYSE:APGGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.60 billion. APi Group had a return on equity of 37.83% and a net margin of 2.49%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. On average, analysts expect that APi Group Co. will post 1.83 earnings per share for the current year.

Insider Activity

In related news, Director Ian G. H. Ashken sold 150,000 shares of the firm’s 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 16.40% of the company’s stock.

APi Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for APi Group (NYSE:APG)

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