New York State Common Retirement Fund Has $4.90 Million Holdings in APi Group Co. (NYSE:APG)

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

Other large investors have also bought and sold shares of the company. Toronto Dominion Bank bought a new stake in shares of APi Group during the 3rd quarter valued at $30,000. Signaturefd LLC increased its holdings in APi Group by 40.2% in the fourth quarter. Signaturefd LLC now owns 3,617 shares of the company’s stock valued at $125,000 after purchasing an additional 1,038 shares during the last quarter. Hanseatic Management Services Inc. bought a new position in APi Group during the third quarter worth about $152,000. Leverty Financial Group LLC bought a new position in APi Group during the fourth quarter worth about $219,000. Finally, Jag Capital Management LLC acquired a new position in shares of APi Group during the 3rd quarter worth about $239,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Price Performance

Shares of NYSE APG opened at $36.95 on Friday. The firm has a market cap of $10.07 billion, a PE ratio of -17.19, a PEG ratio of 1.11 and a beta of 1.62. The company has a current ratio of 1.43, a quick ratio of 1.35 and a debt-to-equity ratio of 1.12. APi Group Co. has a 1-year low of $21.65 and a 1-year high of $39.98. The company has a fifty day moving average price of $38.19 and a 200 day moving average price of $33.52.

APi Group (NYSE:APG) last announced its earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.60 billion. APi Group had a net margin of 2.49% and a return on equity of 38.34%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 EPS. Research analysts predict that APi Group Co. will post 1.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following the completion of the transaction, the chief financial officer now directly owns 34,180 shares of the company’s stock, valued at approximately $1,220,909.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other APi Group news, CFO Kevin Krumm sold 5,585 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James E. Lillie sold 125,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 5,455,411 shares in the company, valued at $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

Several research firms recently weighed in on APG. Jefferies Financial Group began coverage on shares of APi Group in a research note on Friday, March 15th. They set a “buy” rating and a $48.00 price objective on the stock. Robert W. Baird boosted their price target on shares of APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Barclays boosted their price target on shares of APi Group from $37.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. boosted their price target on shares of APi Group from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. Finally, UBS Group boosted their price target on shares of APi Group from $40.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, APi Group has an average rating of “Moderate Buy” and an average target price of $44.29.

APi Group Company 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.