Knights of Columbus Asset Advisors LLC Buys 106,200 Shares of APi Group Co. (NYSE:APG)

Knights of Columbus Asset Advisors LLC boosted its stake in APi Group Co. (NYSE:APG) by 701.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 121,332 shares of the company’s stock after acquiring an additional 106,200 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.05% of APi Group worth $4,198,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. UniSuper Management Pty Ltd bought a new stake in shares of APi Group in the second quarter valued at approximately $26,000. Toronto Dominion Bank bought a new stake in shares of APi Group in the third quarter valued at approximately $30,000. Quantbot Technologies LP raised its position in shares of APi Group by 386.6% in the second quarter. Quantbot Technologies LP now owns 2,360 shares of the company’s stock valued at $35,000 after purchasing an additional 1,875 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of APi Group by 52.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,969 shares of the company’s stock valued at $56,000 after purchasing an additional 1,019 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of APi Group by 1,075.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,914 shares of the company’s stock valued at $61,000 after purchasing an additional 2,666 shares during the period. Institutional investors own 86.62% of the company’s stock.

Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 125,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $209,378,674.18. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director James E. Lillie sold 125,000 shares of the company’s stock in a transaction on 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 approximately $209,378,674.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $199,496.20. Following the completion of 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 disclosure for this sale can be found here. Corporate insiders own 16.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on APG. Citigroup boosted their price target on shares of APi Group from $43.00 to $47.00 and gave the company a “buy” rating in a research report on Monday, April 8th. UBS Group upped their target price 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. Royal Bank of Canada upped their target price on shares of APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a report on Monday, April 8th. TheStreet lowered shares of APi Group from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. Finally, Barclays upped their target price 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. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.29.

APi Group Price Performance

APG stock opened at $36.98 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.43 and a quick ratio of 1.35. APi Group Co. has a one year low of $21.15 and a one year high of $39.98. The stock has a market cap of $9.68 billion, a PE ratio of -48.66, a P/E/G ratio of 1.11 and a beta of 1.64. The firm has a 50 day simple moving average of $37.62 and a two-hundred day simple moving average of $32.71.

APi Group (NYSE:APG) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.44 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 in the previous year, the company earned $0.36 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that APi Group Co. will post 1.87 EPS for the current fiscal 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.