APi Group Co. (NYSE:APG) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its position in APi Group Co. (NYSE:APG) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 355,391 shares of the company’s stock after selling 19,335 shares during the period. California Public Employees Retirement System owned 0.13% of APi Group worth $12,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of APG. Vanguard Group Inc. increased its stake in shares of APi Group by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company’s stock worth $831,791,000 after acquiring an additional 127,038 shares during the last quarter. Cooke & Bieler LP increased its stake in APi Group by 3.4% during the 4th quarter. Cooke & Bieler LP now owns 4,020,768 shares of the company’s stock worth $144,627,000 after buying an additional 132,713 shares during the period. Geode Capital Management LLC increased its position in shares of APi Group by 2.9% during the third quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock worth $123,217,000 after acquiring an additional 106,119 shares during the period. State Street Corp raised its position in APi Group by 3.7% in the 3rd quarter. State Street Corp now owns 3,723,241 shares of the company’s stock valued at $122,941,000 after purchasing an additional 132,971 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new stake in APi Group in the fourth quarter valued at approximately $125,407,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the sale, the director now owns 1,046,203 shares in the company, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 18.20% of the company’s stock.

APi Group Stock Performance

APi Group stock opened at $32.42 on Friday. The company has a market cap of $9.00 billion, a price-to-earnings ratio of -16.46 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group Co. has a 12 month low of $31.40 and a 12 month high of $41.31. The stock’s 50-day moving average is $37.48 and its 200-day moving average is $36.40.

Wall Street Analysts Forecast Growth

APG has been the topic of several recent analyst reports. UBS Group dropped their target price on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Robert W. Baird boosted their price objective on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Tuesday, January 14th. Barclays lowered their target price on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Finally, Citigroup reduced their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, APi Group presently has an average rating of “Moderate Buy” and an average target price of $43.29.

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.