Wolverine Asset Management LLC Has $6.06 Million Position in APi Group Co. (NYSE:APG)

Wolverine Asset Management LLC increased its stake in shares of APi Group Co. (NYSE:APG) by 45.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,000 shares of the company’s stock after buying an additional 55,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in APi Group were worth $6,055,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in APG. Xponance Inc. boosted its holdings in shares of APi Group by 2.9% during the 4th quarter. Xponance Inc. now owns 12,738 shares of the company’s stock valued at $441,000 after acquiring an additional 365 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of APi Group by 0.3% in the 4th quarter. New York State Common Retirement Fund now owns 141,734 shares of the company’s stock valued at $4,904,000 after buying an additional 466 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of APi Group by 1.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 60,161 shares of the company’s stock valued at $1,560,000 after buying an additional 735 shares during the period. Arizona State Retirement System grew its stake in shares of APi Group by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 46,880 shares of the company’s stock valued at $1,216,000 after buying an additional 766 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in APi Group by 0.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 99,432 shares of the company’s stock valued at $3,440,000 after purchasing an additional 806 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on APG shares. Citigroup lifted their price target on APi Group from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, April 8th. TheStreet cut shares of APi Group from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. Jefferies Financial Group began coverage on shares of APi Group in a report on Friday, March 15th. They set a “buy” rating and a $48.00 target price on the stock. Robert W. Baird upped their target price on shares of APi Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada upped their target price on shares of APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, APi Group has a consensus rating of “Moderate Buy” and a consensus target price of $44.29.

Insider Buying and Selling

In related news, Director James E. Lillie sold 125,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $38.38, for a total value of $4,797,500.00. Following the completion of the transaction, the director now directly owns 5,455,411 shares of the company’s stock, valued at $209,378,674.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Kevin Krumm sold 5,585 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 of the company’s stock, valued at approximately $1,220,909.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James E. Lillie sold 125,000 shares of APi Group stock in a transaction 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 of the company’s stock, valued at approximately $209,378,674.18. The disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.

APi Group Trading Up 3.3 %

Shares of NYSE:APG traded up $1.21 during midday trading on Tuesday, hitting $38.42. 1,987,225 shares of the stock traded hands, compared to its average volume of 1,581,904. The stock has a market capitalization of $10.05 billion, a PE ratio of -50.55, a P/E/G ratio of 1.09 and a beta of 1.64. The business’s 50 day moving average is $37.74 and its two-hundred day moving average is $32.98. The company has a quick ratio of 1.35, a current ratio of 1.43 and a debt-to-equity ratio of 1.12. APi Group Co. has a one year low of $21.56 and a one year high of $39.98.

APi Group (NYSE:APG) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the firm earned $0.36 earnings per share. APi Group’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts forecast that APi Group Co. will post 1.87 earnings per share for the current year.

APi Group Company 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.