APi Group Co. (NYSE:APG) Shares Purchased by Comerica Bank

Comerica Bank lifted its position in APi Group Co. (NYSE:APG) by 18.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,264 shares of the company’s stock after buying an additional 1,631 shares during the period. Comerica Bank’s holdings in APi Group were worth $369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of APG. Equitable Trust Co. grew its holdings in shares of APi Group by 1.7% in the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company’s stock worth $744,000 after acquiring an additional 351 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of APi Group by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock worth $265,000 after buying an additional 370 shares during the last quarter. Blue Trust Inc. lifted its position in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after purchasing an additional 386 shares during the last quarter. EntryPoint Capital LLC lifted its position in shares of APi Group by 3.9% during the 4th quarter. EntryPoint Capital LLC now owns 10,435 shares of the company’s stock worth $375,000 after purchasing an additional 389 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of APi Group by 53.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after purchasing an additional 414 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

APG has been the topic of several research reports. Citigroup lowered their price target on APi Group from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. upped their price objective on APi Group from $39.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday. UBS Group cut their price target on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Robert W. Baird increased their price target on APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Finally, Barclays upped their price objective on shares of APi Group from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.57.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the transaction, the director now directly owns 1,046,203 shares of the company’s stock, valued at approximately $39,724,327.91. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ian G. H. Ashken sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $42.72, for a total transaction of $6,408,000.00. Following the transaction, the director now directly owns 5,612,102 shares in the company, valued at $239,748,997.44. This represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 17.00% of the company’s stock.

APi Group Price Performance

Shares of NYSE APG opened at $45.88 on Friday. The stock has a market capitalization of $12.70 billion, a price-to-earnings ratio of -23.29 and a beta of 1.54. The business has a 50-day moving average of $37.76 and a 200-day moving average of $37.47. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group Co. has a fifty-two week low of $30.76 and a fifty-two week high of $46.18.

APi Group (NYSE:APG) last issued its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the business posted $0.34 EPS. APi Group’s revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that APi Group Co. will post 1.83 earnings per share for the current fiscal 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.