APi Group Co. (NYSE:APG) Stock Holdings Boosted by Progeny 3 Inc.

Progeny 3 Inc. lifted its position in shares of APi Group Co. (NYSE:APG) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,360,525 shares of the company’s stock after purchasing an additional 62,500 shares during the period. APi Group accounts for approximately 6.7% of Progeny 3 Inc.’s portfolio, making the stock its 3rd largest position. Progeny 3 Inc.’s holdings in APi Group were worth $84,908,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Blue Trust Inc. grew its position in shares of APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after buying an additional 386 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in APi Group by 53.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after acquiring an additional 414 shares during the period. Strategic Financial Concepts LLC boosted its holdings in APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock valued at $82,000 after acquiring an additional 217,071 shares in the last quarter. R Squared Ltd purchased a new position in APi Group during the 4th quarter valued at $85,000. Finally, Principal Securities Inc. increased its position in APi Group by 28.1% during the 4th quarter. Principal Securities Inc. now owns 2,611 shares of the company’s stock valued at $94,000 after purchasing an additional 573 shares during the period. 86.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

APG has been the subject of several research analyst reports. Robert W. Baird raised their target price on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Citigroup cut their price objective on APi Group from $46.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. UBS Group reduced their target price on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Truist Financial restated a “buy” rating and issued a $48.00 target price (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Finally, Barclays upped their price target on APi Group from $43.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, APi Group has a consensus rating of “Moderate Buy” and a consensus price target of $43.86.

APi Group Price Performance

Shares of NYSE APG opened at $45.68 on Thursday. The firm has a market cap of $12.65 billion, a P/E ratio of -23.19 and a beta of 1.54. APi Group Co. has a twelve month low of $30.76 and a twelve month high of $46.18. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The company has a 50 day moving average of $37.38 and a 200 day moving average of $37.30.

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

Insider Activity

In other news, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction on Monday, May 5th. The shares were sold at an average price of $42.72, for a total transaction of $6,408,000.00. Following the transaction, the director now owns 5,612,102 shares in the company, valued at $239,748,997.44. This trade represents a 2.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James E. Lillie sold 50,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares of the company’s stock, valued at $39,724,327.91. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 17.00% of the company’s stock.

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.