Park Avenue Securities LLC Increases Position in APi Group Co. (NYSE:APG)

Park Avenue Securities LLC increased its position in APi Group Co. (NYSE:APGFree Report) by 48.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,777 shares of the company’s stock after buying an additional 4,144 shares during the quarter. Park Avenue Securities LLC’s holdings in APi Group were worth $460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in APi Group by 2.1% in the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock worth $755,000 after buying an additional 406 shares during the period. Equitable Trust Co. boosted its position in APi Group by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 20,325 shares of the company’s stock valued at $671,000 after acquiring an additional 446 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in APi Group by 0.8% in the third quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company’s stock worth $1,906,000 after purchasing an additional 450 shares in the last quarter. KBC Group NV boosted its stake in APi Group by 14.8% during the third quarter. KBC Group NV now owns 5,601 shares of the company’s stock worth $185,000 after acquiring an additional 721 shares in the last quarter. Finally, Cynosure Group LLC increased its position in APi Group by 7.6% during the 3rd quarter. Cynosure Group LLC now owns 10,603 shares of the company’s stock valued at $350,000 after buying an additional 746 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Down 0.3 %

APi Group stock opened at $38.12 on Friday. The business has a fifty day moving average of $37.15 and a two-hundred day moving average of $35.59. APi Group Co. has a twelve month low of $31.44 and a twelve month high of $40.89. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The firm has a market cap of $10.47 billion, a P/E ratio of -19.35 and a beta of 1.55.

APi Group (NYSE:APGGet Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the business earned $0.48 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts forecast that APi Group Co. will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling at APi Group

In related news, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the transaction, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the sale, the director now directly owns 1,134,635 shares in the company, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

APG has been the subject of several analyst reports. William Blair reissued an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Tuesday, January 14th. Robert W. Baird upped their target price on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Citigroup lowered their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Truist Financial assumed coverage on shares of APi Group in a report on Wednesday. They issued a “buy” rating and a $45.00 target price for the company. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $43.38.

Read Our Latest Stock Analysis on APi Group

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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