Signaturefd LLC Buys 1,038 Shares of APi Group Co. (NYSE:APG)

Signaturefd LLC boosted its stake in APi Group Co. (NYSE:APG) by 40.2% in the 4th quarter, Holdings Channel reports. The firm owned 3,617 shares of the company’s stock after acquiring an additional 1,038 shares during the quarter. Signaturefd LLC’s holdings in APi Group were worth $125,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Findlay Park Partners LLP raised its position in shares of APi Group by 225.7% in the third quarter. Findlay Park Partners LLP now owns 3,832,820 shares of the company’s stock worth $99,385,000 after buying an additional 2,656,158 shares in the last quarter. Teacher Retirement System of Texas increased its stake in APi Group by 79.7% in the 3rd quarter. Teacher Retirement System of Texas now owns 1,619,010 shares of the company’s stock worth $41,981,000 after acquiring an additional 718,071 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of APi Group by 33.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,654,130 shares of the company’s stock valued at $68,822,000 after acquiring an additional 666,655 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of APi Group during the 3rd quarter valued at about $13,746,000. Finally, JS Capital Management LLC grew its holdings in shares of APi Group by 51.3% during the third quarter. JS Capital Management LLC now owns 1,165,000 shares of the company’s stock worth $30,208,000 after purchasing an additional 395,000 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the transaction, the director now directly owns 5,455,411 shares of the company’s stock, valued at $209,378,674.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following the sale, the chief financial officer now directly owns 34,180 shares of the company’s stock, valued at approximately $1,220,909.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Lillie sold 125,000 shares of the firm’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 transaction of $4,797,500.00. Following the transaction, the director now directly owns 5,455,411 shares of the company’s stock, valued at approximately $209,378,674.18. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on APG. Jefferies Financial Group assumed coverage on shares of APi Group in a report on Friday, March 15th. They issued a “buy” rating and a $48.00 price target on the stock. Citigroup raised their price target on APi Group from $43.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, April 8th. TheStreet cut APi Group from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. Barclays raised their price objective on APi Group from $37.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Finally, Royal Bank of Canada upped their target price 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.29.

APi Group Stock Up 1.0 %

Shares of APi Group stock opened at $38.48 on Tuesday. The company’s 50 day moving average price is $37.97 and its 200-day moving average price is $33.30. APi Group Co. has a 52-week low of $21.65 and a 52-week high of $39.98. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.35 and a current ratio of 1.43. The stock has a market capitalization of $10.07 billion, a price-to-earnings ratio of -50.63, a P/E/G ratio of 1.13 and a beta of 1.64.

APi Group (NYSE:APG) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.76 billion. APi Group had a net margin of 2.21% and a return on equity of 20.24%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. Equities research analysts forecast that APi Group Co. will post 1.87 EPS for the current year.

APi Group 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.