Steph & Co. Decreases Stake in APi Group Co. (NYSE:APG)

Steph & Co. lessened its holdings in shares of APi Group Co. (NYSE:APG) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,170 shares of the company’s stock after selling 657 shares during the period. Steph & Co.’s holdings in APi Group were worth $330,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. First Horizon Advisors Inc. acquired a new stake in shares of APi Group in the 3rd quarter worth $26,000. ORG Wealth Partners LLC purchased a new stake in shares of APi Group in the fourth quarter valued at about $34,000. Avior Wealth Management LLC acquired a new stake in APi Group during the third quarter worth about $33,000. SG Americas Securities LLC purchased a new position in APi Group during the third quarter worth about $165,000. Finally, KBC Group NV boosted its holdings in APi Group by 14.8% in the 3rd quarter. KBC Group NV now owns 5,601 shares of the company’s stock valued at $185,000 after purchasing an additional 721 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ian G. H. Ashken sold 53,868 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the transaction, the director now directly owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the sale, the director now directly owns 1,134,635 shares in the company, valued at $41,958,802.30. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.20% of the company’s stock.

APi Group Stock Performance

Shares of APi Group stock opened at $37.37 on Thursday. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of -18.97 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The business has a 50-day moving average of $37.04 and a 200 day moving average of $35.53. APi Group Co. has a 12 month low of $31.16 and a 12 month high of $40.89.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that APi Group Co. will post 1.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APG. William Blair restated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Robert W. Baird lifted their target price on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Citigroup decreased their price target on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Tuesday. Finally, Barclays upped their target price on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.14.

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.