APi Group Co. (NYSE:APG) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its position in shares of APi Group Co. (NYSE:APG) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,236,162 shares of the company’s stock after selling 103,399 shares during the quarter. Fisher Asset Management LLC owned 0.52% of APi Group worth $42,771,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in APG. Vanguard Group Inc. raised its position in APi Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 18,860,384 shares of the company’s stock worth $489,050,000 after acquiring an additional 167,293 shares in the last quarter. Findlay Park Partners LLP grew its stake in shares of APi Group by 225.7% during the 3rd quarter. Findlay Park Partners LLP now owns 3,832,820 shares of the company’s stock worth $99,385,000 after purchasing an additional 2,656,158 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of APi Group by 33.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,654,130 shares of the company’s stock valued at $68,822,000 after purchasing an additional 666,655 shares in the last quarter. Northern Trust Corp lifted its stake in shares of APi Group by 0.8% in the third quarter. Northern Trust Corp now owns 2,546,016 shares of the company’s stock valued at $66,018,000 after purchasing an additional 20,542 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in APi Group by 79.7% during the third quarter. Teacher Retirement System of Texas now owns 1,619,010 shares of the company’s stock worth $41,981,000 after buying an additional 718,071 shares in the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at APi Group

In other APi Group news, CFO Kevin Krumm sold 5,585 shares of APi Group stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following the completion of the sale, the chief financial officer now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total value of $199,496.20. Following the completion of the transaction, the chief financial officer now directly owns 34,180 shares in the company, valued at $1,220,909.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Lillie sold 125,000 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.

Wall Street Analyst Weigh In

APG has been the subject of a number of research analyst reports. Jefferies Financial Group assumed coverage on shares of APi Group in a report on Friday, March 15th. They issued a “buy” rating and a $48.00 target price for the company. Robert W. Baird boosted their target price on APi Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. UBS Group raised their price target on APi Group from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Royal Bank of Canada boosted their price objective 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. Finally, TheStreet downgraded shares of APi Group from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.29.

APi Group Price Performance

Shares of NYSE:APG opened at $36.95 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.35 and a current ratio of 1.43. APi Group Co. has a 52-week low of $21.65 and a 52-week high of $39.98. The stock’s fifty day simple moving average is $38.19 and its 200-day simple moving average is $33.52.

APi Group (NYSE:APG) last released its earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. APi Group had a net margin of 2.49% and a return on equity of 38.34%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. On average, research analysts predict that APi Group Co. will post 1.87 EPS for the current year.

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.