APi Group Co. (NYSE:APG) Shares Sold by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC lowered its holdings in shares of APi Group Co. (NYSE:APG) by 13.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. UniSuper Management Pty Ltd acquired a new stake in APi Group during the 2nd quarter worth $26,000. Toronto Dominion Bank acquired a new stake in APi Group during the 3rd quarter worth $30,000. Quantbot Technologies LP boosted its stake in APi Group by 386.6% during the 2nd quarter. Quantbot Technologies LP now owns 2,360 shares of the company’s stock worth $35,000 after purchasing an additional 1,875 shares during the period. Comerica Bank purchased a new position in APi Group during the 3rd quarter worth $69,000. Finally, PNC Financial Services Group Inc. raised its position in APi Group by 1,075.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,914 shares of the company’s stock worth $61,000 after buying an additional 2,666 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Stock Performance

APi Group stock traded down $0.50 during mid-day trading on Friday, reaching $36.88. The company’s stock 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 price-to-earnings ratio of -49.18, a PEG ratio of 1.10 and a beta of 1.64. The business has a 50 day moving average price of $37.58 and a 200-day moving average price of $32.63. The company has a current ratio of 1.43, a quick ratio of 1.35 and a debt-to-equity ratio of 1.12. APi Group Co. has a twelve month low of $21.15 and a twelve month high of $39.98.

APi Group (NYSE:APG) last announced its quarterly earnings results 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 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 for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. Sell-side analysts predict that APi Group Co. will post 1.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Robert W. Baird upped their price objective on shares of APi Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of APi Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Citigroup upped their price objective on shares of APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Jefferies Financial Group started coverage on shares of APi Group in a report on Friday, March 15th. They issued a “buy” rating and a $48.00 price target for the company. Finally, UBS Group increased their price target on shares of APi Group from $40.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.29.

Insider Buying and Selling

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

APi Group Company 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.