Healthcare of Ontario Pension Plan Trust Fund Has $7.19 Million Holdings in APi Group Co. (NYSE:APG)

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in shares of APi Group Co. (NYSE:APG) by 47.4% in the first quarter, HoldingsChannel reports. The fund owned 183,095 shares of the company’s stock after selling 164,905 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in APi Group were worth $7,190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Knights of Columbus Asset Advisors LLC raised its stake in shares of APi Group by 701.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 121,332 shares of the company’s stock worth $4,198,000 after purchasing an additional 106,200 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of APi Group during the 4th quarter worth about $670,000. Vanguard Group Inc. raised its stake in shares of APi Group by 10.2% during the 4th quarter. Vanguard Group Inc. now owns 20,790,443 shares of the company’s stock worth $719,349,000 after purchasing an additional 1,930,059 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of APi Group by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,678,342 shares of the company’s stock worth $92,671,000 after purchasing an additional 24,212 shares in the last quarter. Finally, Duality Advisers LP purchased a new stake in shares of APi Group during the 1st quarter worth about $1,447,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Performance

NYSE APG traded up $0.25 during trading on Thursday, hitting $36.61. The company’s stock had a trading volume of 690,489 shares, compared to its average volume of 1,788,487. The company has a quick ratio of 1.26, a current ratio of 1.35 and a debt-to-equity ratio of 1.14. The firm has a 50 day moving average price of $37.16 and a 200 day moving average price of $36.54. The firm has a market cap of $10.04 billion, a P/E ratio of -16.91, a price-to-earnings-growth ratio of 1.11 and a beta of 1.57. APi Group Co. has a 52 week low of $24.61 and a 52 week high of $39.98.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.60 billion. APi Group had a return on equity of 37.83% and a net margin of 2.49%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. Equities research analysts forecast that APi Group Co. will post 1.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on APG shares. Robert W. Baird raised their price target on APi Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Royal Bank of Canada raised their price objective on APi Group from $36.00 to $45.00 and gave the company a “sector perform” rating in a research note on Monday, April 8th. Finally, Citigroup raised their price objective on APi Group from $43.00 to $47.00 and gave the company a “buy” rating in a research note 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.29.

Insiders Place Their Bets

In other news, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $37.21, for a total transaction of $5,581,500.00. Following the sale, the director now owns 5,828,779 shares of the company’s stock, valued at approximately $216,888,866.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Global Investors Lp Viking sold 1,951,782 shares of the business’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $38.15, for a total value of $74,460,483.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ian G. H. Ashken sold 150,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $37.21, for a total value of $5,581,500.00. Following the completion of the sale, the director now directly owns 5,828,779 shares in the company, valued at approximately $216,888,866.59. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

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.