APi Group Co. (NYSE:APG) Position Boosted by Jennison Associates LLC

Jennison Associates LLC boosted its position in APi Group Co. (NYSE:APG) by 27.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,411 shares of the company’s stock after buying an additional 10,871 shares during the quarter. Jennison Associates LLC’s holdings in APi Group were worth $1,744,000 at the end of the most recent quarter.

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

APi Group Trading Up 1.1 %

NYSE:APG opened at $38.09 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.43 and a quick ratio of 1.35. APi Group Co. has a 1 year low of $21.65 and a 1 year high of $39.98. The business has a fifty day moving average of $37.90 and a 200-day moving average of $33.12.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on APG shares. TheStreet downgraded shares of APi Group from a “b” rating to a “c+” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. increased their price target on APi Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Citigroup boosted their price objective on APi Group from $43.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, April 8th. UBS Group upped their price objective on APi Group from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, Robert W. Baird raised their target price on APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.29.

Insider Activity

In other APi Group news, Director James E. Lillie sold 125,000 shares of the company’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 value of $4,797,500.00. Following the completion of the sale, the director now directly owns 5,455,411 shares in the company, valued at $209,378,674.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Kevin Krumm sold 5,585 shares of the firm’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 completion of the transaction, the chief financial officer now owns 34,180 shares in the company, valued at approximately $1,220,909.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the director now owns 5,455,411 shares in the company, valued at $209,378,674.18. The disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.

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.