APi Group Co. (NYSE:APG) Shares Sold by FORA Capital LLC

FORA Capital LLC lowered its stake in shares of APi Group Co. (NYSE:APG) by 51.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,880 shares of the company’s stock after selling 23,184 shares during the quarter. FORA Capital LLC’s holdings in APi Group were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Equitable Trust Co. grew its holdings in APi Group by 1.7% during 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 in the last quarter. CIBC Asset Management Inc grew its stake in 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 purchasing an additional 370 shares in the last quarter. Blue Trust Inc. increased its holdings in APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after buying an additional 386 shares during the last quarter. EntryPoint Capital LLC raised its stake in APi Group by 3.9% during the fourth quarter. EntryPoint Capital LLC now owns 10,435 shares of the company’s stock valued at $375,000 after buying an additional 389 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in 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 buying an additional 414 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research firms recently issued reports on APG. Truist Financial reissued a “buy” rating and set a $48.00 price target (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Barclays raised their price target on shares of APi Group from $43.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Citigroup lowered their price objective on shares of APi Group from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Tuesday, January 14th. Finally, UBS Group lowered their target price on APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.86.

APi Group Price Performance

NYSE APG opened at $44.10 on Friday. The company has a 50-day moving average price of $36.84 and a two-hundred day moving average price of $37.05. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of -22.39 and a beta of 1.54. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group Co. has a 52 week low of $30.76 and a 52 week high of $44.37.

APi Group (NYSE:APG) last posted its earnings results on Thursday, May 1st. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the firm earned $0.34 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Analysts forecast that APi Group Co. will post 1.83 EPS for the current year.

About APi Group

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.