Cornerstone Investment Partners LLC Sells 3,943 Shares of APi Group Co. (NYSE:APG)

Cornerstone Investment Partners LLC lessened its stake in APi Group Co. (NYSE:APG) by 13.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,644 shares of the company’s stock after selling 3,943 shares during the period. Cornerstone Investment Partners LLC’s holdings in APi Group were worth $853,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of APG. Findlay Park Partners LLP boosted 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 acquiring an additional 2,656,158 shares during the last quarter. Norges Bank purchased a new position in shares of APi Group during the 4th quarter valued at $34,300,000. Prudential Financial Inc. lifted its stake in shares of APi Group by 6,301.4% during the 1st quarter. Prudential Financial Inc. now owns 880,510 shares of the company’s stock valued at $18,517,000 after buying an additional 866,755 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of APi Group by 163.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,203,117 shares of the company’s stock valued at $25,302,000 after buying an additional 746,708 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in shares of APi Group by 79.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 1,619,010 shares of the company’s stock valued at $41,981,000 after buying an additional 718,071 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday. Royal Bank of Canada lifted their price target on shares of APi Group from $36.00 to $45.00 and gave the company a “sector perform” rating in a report on Monday, April 8th. JPMorgan Chase & Co. lifted their price target on shares of APi Group from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. TheStreet downgraded shares of APi Group from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. Finally, Citigroup boosted their target price on shares of APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, APi Group has an average rating of “Moderate Buy” and a consensus target price of $44.29.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 125,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 5,455,411 shares of the company’s stock, valued at approximately $209,378,674.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other APi Group news, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total transaction of $199,496.20. Following the transaction, the chief financial officer now owns 34,180 shares in the company, valued at approximately $1,220,909.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Lillie sold 125,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the transaction, the director now owns 5,455,411 shares in the company, valued at approximately $209,378,674.18. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company’s stock.

APi Group Trading Down 1.3 %

APi Group stock traded down $0.50 during trading hours on Friday, hitting $36.88. The company had a trading volume of 548,018 shares, compared to its average volume of 1,566,328. The firm has a market cap of $9.65 billion, a P/E ratio of -49.18, a P/E/G ratio of 1.10 and a beta of 1.64. 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 1 year low of $21.15 and a 1 year high of $39.98. The company has a 50-day moving average price of $37.58 and a two-hundred day moving average price of $32.63.

APi Group (NYSE:APG) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.76 billion. APi Group had a net margin of 2.21% and a return on equity of 20.24%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. On average, sell-side analysts anticipate that APi Group Co. will post 1.87 earnings per share 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.