APi Group Co. (NYSE:APG) Position Boosted by Cetera Investment Advisers

Cetera Investment Advisers raised its holdings in shares of APi Group Co. (NYSE:APG) by 85.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,123 shares of the company’s stock after acquiring an additional 29,104 shares during the quarter. Cetera Investment Advisers’ holdings in APi Group were worth $2,271,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in APi Group by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company’s stock valued at $831,791,000 after acquiring an additional 127,038 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of APi Group by 20.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,627,444 shares of the company’s stock valued at $562,120,000 after buying an additional 2,602,758 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of APi Group by 118.2% during the 4th quarter. Capital Research Global Investors now owns 10,947,284 shares of the company’s stock valued at $393,774,000 after buying an additional 5,931,314 shares during the last quarter. Cooke & Bieler LP lifted its holdings in shares of APi Group by 3.4% during the 4th quarter. Cooke & Bieler LP now owns 4,020,768 shares of the company’s stock valued at $144,627,000 after buying an additional 132,713 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of APi Group by 100.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,860,463 shares of the company’s stock valued at $138,861,000 after buying an additional 1,936,924 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on APG shares. Truist Financial reiterated a “buy” rating and set a $48.00 price target (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Barclays boosted their target price on APi Group from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. UBS Group reduced 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. JPMorgan Chase & Co. boosted their target price on APi Group from $39.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Citigroup reduced their target price on APi Group from $46.00 to $42.00 and set a “buy” rating for the company in a report on Monday, April 14th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.57.

APi Group Stock Up 0.2%

APG opened at $45.88 on Monday. The business has a 50 day moving average price of $37.76 and a 200 day moving average price of $37.53. APi Group Co. has a twelve month low of $30.76 and a twelve month high of $46.18. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The firm has a market cap of $12.70 billion, a P/E ratio of -23.29 and a beta of 1.54.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts forecast that APi Group Co. will post 1.83 EPS for the current year.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the company’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 completion of the transaction, the director now directly owns 1,046,203 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ian G. H. Ashken sold 150,000 shares of the company’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 value of $6,408,000.00. Following the transaction, the director now owns 5,612,102 shares of the company’s stock, valued at approximately $239,748,997.44. This trade represents 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.

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.