APi Group Co. (NYSE:APG) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its stake in shares of APi Group Co. (NYSE:APGGet Rating) by 10.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,101 shares of the company’s stock after acquiring an additional 13,167 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.06% of APi Group worth $1,912,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APG. JPMorgan Chase & Co. grew its position in APi Group by 4.3% during the 1st quarter. JPMorgan Chase & Co. now owns 207,347 shares of the company’s stock worth $4,360,000 after purchasing an additional 8,460 shares during the last quarter. US Bancorp DE grew its position in APi Group by 8.0% during the 1st quarter. US Bancorp DE now owns 12,978 shares of the company’s stock worth $273,000 after purchasing an additional 965 shares during the last quarter. PNC Financial Services Group Inc. grew its position in APi Group by 1,075.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,914 shares of the company’s stock worth $61,000 after purchasing an additional 2,666 shares during the last quarter. AlphaCrest Capital Management LLC grew its position in APi Group by 24.1% during the 1st quarter. AlphaCrest Capital Management LLC now owns 16,374 shares of the company’s stock worth $344,000 after purchasing an additional 3,180 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in APi Group by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 107,748 shares of the company’s stock worth $2,266,000 after purchasing an additional 39,118 shares during the last quarter. 72.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Citigroup raised their price objective on shares of APi Group from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, December 9th. UBS Group raised their price objective on shares of APi Group to $24.00 in a research report on Monday, November 21st. Royal Bank of Canada lifted their target price on shares of APi Group from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, November 18th. TheStreet raised shares of APi Group from a “c+” rating to a “b” rating in a report on Friday, November 25th. Finally, Barclays lifted their target price on shares of APi Group from $19.00 to $22.00 in a report on Thursday, December 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.67.

APi Group Stock Up 3.3 %

Shares of NYSE:APG opened at $19.91 on Friday. The company has a market cap of $4.66 billion, a price-to-earnings ratio of -27.97, a PEG ratio of 0.75 and a beta of 1.56. APi Group Co. has a fifty-two week low of $13.09 and a fifty-two week high of $22.89. The firm’s 50-day simple moving average is $19.01 and its 200-day simple moving average is $16.94. The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 1.29.

APi Group (NYSE:APGGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.68 billion. APi Group had a net margin of 0.92% and a return on equity of 15.13%. The firm’s revenue was up 65.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 earnings per share. As a group, equities research analysts predict that APi Group Co. will post 1.31 earnings per share for the current year.

APi Group Company Profile

(Get Rating)

APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems.

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

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