APi Group Co. (NYSE:APG) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in APi Group Co. (NYSE:APG) by 19.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,641 shares of the company’s stock after selling 16,898 shares during the period. State of New Jersey Common Pension Fund D’s holdings in APi Group were worth $2,621,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its holdings in shares of APi Group by 43.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock worth $44,000 after acquiring an additional 390 shares during the period. Whittier Trust Co. grew its holdings in shares of APi Group by 100.9% in the 1st quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock worth $59,000 after acquiring an additional 752 shares during the period. J.Safra Asset Management Corp grew its holdings in shares of APi Group by 81.3% in the 1st quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock worth $68,000 after acquiring an additional 776 shares during the period. Motco acquired a new stake in shares of APi Group in the 1st quarter worth approximately $83,000. Finally, Triad Wealth Partners LLC purchased a new stake in APi Group in the 2nd quarter valued at approximately $132,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insider Buying and Selling

In related news, SVP Louis Lambert sold 6,333 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.45, for a total value of $205,505.85. Following the transaction, the senior vice president now directly owns 8,100 shares of the company’s stock, valued at approximately $262,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Louis Lambert sold 6,333 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.45, for a total value of $205,505.85. Following the transaction, the senior vice president now directly owns 8,100 shares of the company’s stock, valued at approximately $262,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $33.03, for a total value of $4,954,500.00. Following the completion of the transaction, the director now directly owns 5,678,779 shares in the company, valued at $187,570,070.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 340,358 shares of company stock valued at $11,653,157. 16.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on APG. JPMorgan Chase & Co. reduced their target price on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird reduced their target price on APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Barclays reduced their target price on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, APi Group has an average rating of “Moderate Buy” and an average target price of $43.86.

APi Group Trading Up 0.3 %

Shares of APi Group stock opened at $34.72 on Thursday. APi Group Co. has a fifty-two week low of $24.61 and a fifty-two week high of $39.98. The firm has a market cap of $9.52 billion, a PE ratio of -16.15, a P/E/G ratio of 0.99 and a beta of 1.56. The business’s fifty day moving average is $35.18 and its two-hundred day moving average is $36.86. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 1.00.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the company posted $0.41 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. 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.