Cooke & Bieler LP Trims Stock Position in APi Group Co. (NYSE:APG)

Cooke & Bieler LP lowered its position in shares of APi Group Co. (NYSE:APG) by 16.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 946,029 shares of the company’s stock after selling 179,732 shares during the period. Cooke & Bieler LP’s holdings in APi Group were worth $32,733,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in APi Group by 0.9% during the third quarter. Vanguard Group Inc. now owns 18,860,384 shares of the company’s stock valued at $489,050,000 after acquiring an additional 167,293 shares in the last quarter. BlackRock Inc. grew its stake in APi Group by 4.1% in the 1st quarter. BlackRock Inc. now owns 15,083,919 shares of the company’s stock worth $339,087,000 after buying an additional 593,023 shares in the last quarter. State Street Corp grew its stake in APi Group by 4.9% in the 1st quarter. State Street Corp now owns 4,343,571 shares of the company’s stock worth $97,643,000 after buying an additional 201,805 shares in the last quarter. Geode Capital Management LLC grew its stake in APi Group by 4.6% in the 1st quarter. Geode Capital Management LLC now owns 3,892,745 shares of the company’s stock worth $87,509,000 after buying an additional 172,683 shares in the last quarter. Finally, Findlay Park Partners LLP grew its stake in APi Group by 225.7% in the 3rd quarter. Findlay Park Partners LLP now owns 3,832,820 shares of the company’s stock worth $99,385,000 after buying an additional 2,656,158 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Analysts Set New Price Targets

APG has been the subject of a number of research reports. Citigroup boosted their price target on shares of APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. UBS Group boosted their price objective on shares of APi Group from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Barclays boosted their price objective on shares of APi Group from $37.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. upped 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. Finally, TheStreet lowered 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, the company currently has an average rating of “Moderate Buy” and an average target price of $44.29.

Insider Activity at APi Group

In related news, CFO Kevin Krumm sold 5,585 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total transaction of $199,496.20. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $4,797,500.00. Following the sale, the director now directly owns 5,455,411 shares of the company’s stock, valued at approximately $209,378,674.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin Krumm sold 5,585 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total transaction of $199,496.20. Following the sale, the chief financial officer now directly owns 34,180 shares in the company, valued at $1,220,909.60. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

APi Group Stock Down 1.1 %

Shares of NYSE:APG traded down $0.40 during midday trading on Friday, reaching $36.98. The company’s stock had a trading volume of 1,640,498 shares, compared to its average volume of 1,650,343. The firm has a 50 day moving average of $37.62 and a 200-day moving average of $32.71. The firm has a market capitalization of $9.68 billion, a P/E ratio of -48.66, a PEG ratio of 1.11 and a beta of 1.64. 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 12-month low of $21.15 and a 12-month high of $39.98.

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

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.