Marquette Asset Management LLC Sells 1,910 Shares of APi Group Co. (NYSE:APG)

Marquette Asset Management LLC cut its position in shares of APi Group Co. (NYSE:APG) by 63.7% in the fourth quarter, HoldingsChannel reports. The firm owned 1,090 shares of the company’s stock after selling 1,910 shares during the period. Marquette Asset Management LLC’s holdings in APi Group were worth $38,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of APi Group in the 3rd quarter valued at about $869,000. Campbell Newman Asset Management Inc. bought a new position in APi Group in the third quarter worth approximately $1,219,000. Raymond James & Associates lifted its holdings in APi Group by 21.5% during the third quarter. Raymond James & Associates now owns 62,627 shares of the company’s stock worth $1,624,000 after buying an additional 11,096 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in APi Group by 35.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 38,096 shares of the company’s stock valued at $988,000 after acquiring an additional 10,035 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in shares of APi Group by 2.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 74,935 shares of the company’s stock valued at $1,943,000 after acquiring an additional 2,142 shares during the period. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APG has been the subject of a number of analyst reports. Citigroup upped their price objective on APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Robert W. Baird increased their price target on shares of APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. TheStreet downgraded shares of APi Group from a “b” rating to a “c+” rating in a research report on Wednesday, February 28th. Jefferies Financial Group initiated coverage on shares of APi Group in a research report on Friday, March 15th. They set a “buy” rating and a $48.00 target price for the company. Finally, Royal Bank of Canada lifted their price target 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.29.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 125,000 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $38.38, for a total value of $4,797,500.00. Following the transaction, the director now directly owns 5,455,411 shares of the company’s stock, valued at $209,378,674.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Kevin Krumm sold 5,585 shares of the firm’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 transaction, the chief financial officer now owns 34,180 shares of the company’s stock, valued at $1,220,909.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James E. Lillie sold 125,000 shares of APi Group 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 transaction, the director now owns 5,455,411 shares of the company’s stock, valued at $209,378,674.18. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

APi Group Price Performance

APG stock traded up $0.41 during trading on Friday, reaching $38.09. The company had a trading volume of 1,107,904 shares, compared to its average volume of 1,723,490. APi Group Co. has a twelve month low of $21.65 and a twelve month high of $39.98. The company has a quick ratio of 1.35, a current ratio of 1.43 and a debt-to-equity ratio of 1.12. The firm has a 50-day simple moving average of $37.90 and a 200-day simple moving average of $33.17.

APi Group (NYSE:APG) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The business 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 business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. Equities research analysts forecast that APi Group Co. will post 1.87 earnings per share for the current year.

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.