California State Teachers Retirement System Sells 9,535 Shares of APi Group Co. (NYSE:APG)

California State Teachers Retirement System lowered its stake in shares of APi Group Co. (NYSE:APGFree Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,260 shares of the company’s stock after selling 9,535 shares during the quarter. California State Teachers Retirement System owned 0.08% of APi Group worth $6,306,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in APi Group by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 18,860,384 shares of the company’s stock valued at $489,050,000 after purchasing an additional 167,293 shares during the period. Dimensional Fund Advisors LP grew its stake in APi Group by 19.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,710,354 shares of the company’s stock valued at $93,780,000 after purchasing an additional 449,571 shares during the period. Charles Schwab Investment Management Inc. grew its stake in APi Group by 0.9% in the 4th 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 period. Northern Trust Corp grew its stake in APi Group by 0.8% in the 3rd 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 period. Finally, Norges Bank bought a new position in APi Group in the 4th quarter valued at $77,071,000. Institutional investors own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on APG. TheStreet downgraded APi Group from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. Citigroup increased their price target on APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Royal Bank of Canada increased their price target on APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. increased their price target on APi Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Finally, Jefferies Financial Group initiated coverage on APi Group in a research note on Friday, March 15th. They set a “buy” rating and a $48.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and an average price target of $44.29.

Read Our Latest Stock Report on APi Group

APi Group Stock Performance

Shares of APG opened at $37.69 on Tuesday. The stock’s 50-day simple moving average is $37.46 and its 200 day simple moving average is $35.35. The stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of -17.53, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.35. APi Group Co. has a 52-week low of $24.55 and a 52-week high of $39.98.

APi Group (NYSE:APGGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. APi Group had a return on equity of 37.83% and a net margin of 2.49%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter last year, the firm posted $0.25 EPS. The company’s revenue was down .8% compared to the same quarter last year. Research analysts forecast that APi Group Co. will post 1.85 EPS for the current fiscal year.

Insider Buying and Selling at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $37.21, for a total value of $5,581,500.00. Following the sale, the director now 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 is accessible through this hyperlink. Insiders own 16.40% of the company’s stock.

APi Group 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.

See Also

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

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