Harvest Fund Management Co. Ltd Increases Stock Holdings in APi Group Co. (NYSE:APG)

Harvest Fund Management Co. Ltd raised its holdings in shares of APi Group Co. (NYSE:APG) by 41.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,612 shares of the company’s stock after buying an additional 1,937 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in APi Group were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of APG. Xponance Inc. boosted its position in APi Group by 2.9% during the fourth quarter. Xponance Inc. now owns 12,738 shares of the company’s stock valued at $441,000 after buying an additional 365 shares during the period. New York State Common Retirement Fund boosted its holdings in APi Group by 0.3% in the fourth quarter. New York State Common Retirement Fund now owns 141,734 shares of the company’s stock worth $4,904,000 after acquiring an additional 466 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in APi Group by 1.2% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 60,161 shares of the company’s stock worth $1,560,000 after acquiring an additional 735 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of APi Group by 1.7% during the third quarter. Arizona State Retirement System now owns 46,880 shares of the company’s stock valued at $1,216,000 after purchasing an additional 766 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of APi Group by 0.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 99,432 shares of the company’s stock valued at $3,440,000 after acquiring an additional 806 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

APG has been the topic of several recent research reports. UBS Group increased their price objective on shares of APi Group from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Jefferies Financial Group assumed coverage on shares of APi Group in a research note on Friday, March 15th. They set a “buy” rating and a $48.00 price target for the company. Citigroup lifted their target price on APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Barclays raised their target price on shares of APi Group from $37.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Finally, Royal Bank of Canada raised their price objective on APi Group from $36.00 to $45.00 and gave the stock a “sector perform” 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.29.

APi Group Trading Down 1.4 %

APi Group stock opened at $36.97 on Thursday. The stock has a 50-day moving average of $37.79 and a two-hundred day moving average of $33.01. The stock has a market cap of $9.67 billion, a PE ratio of -49.35, a price-to-earnings-growth ratio of 1.14 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 one year low of $21.56 and a one year high of $39.98.

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

Insider Transactions at APi Group

In other news, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other APi Group 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 transaction, the director now owns 5,455,411 shares in the company, valued at $209,378,674.18. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kevin Krumm sold 5,585 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following 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. Company 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.