APi Group Co. (NYSE:APG) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in APi Group Co. (NYSE:APG) by 14.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,717,252 shares of the company’s stock after selling 301,179 shares during the quarter. Teacher Retirement System of Texas owned about 0.62% of APi Group worth $61,770,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in shares of APi Group by 19.2% during the third quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after acquiring an additional 1,351,013 shares during the period. Cooke & Bieler LP boosted its holdings in APi Group by 3.4% in the 4th quarter. Cooke & Bieler LP now owns 4,020,768 shares of the company’s stock valued at $144,627,000 after purchasing an additional 132,713 shares in the last quarter. Geode Capital Management LLC increased its position in APi Group by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock worth $123,217,000 after purchasing an additional 106,119 shares during the period. State Street Corp raised its stake in shares of APi Group by 3.7% during the 3rd quarter. State Street Corp now owns 3,723,241 shares of the company’s stock worth $122,941,000 after buying an additional 132,971 shares in the last quarter. Finally, GW&K Investment Management LLC raised its stake in shares of APi Group by 19.7% during the 4th quarter. GW&K Investment Management LLC now owns 2,631,409 shares of the company’s stock worth $94,652,000 after buying an additional 432,926 shares in the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Tuesday, January 14th. UBS Group cut their price target on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Robert W. Baird increased their price target on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Citigroup dropped their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.43.

APi Group Stock Performance

APi Group stock opened at $37.81 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The stock has a fifty day moving average of $37.74 and a two-hundred day moving average of $36.20. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of -19.19 and a beta of 1.54. APi Group Co. has a fifty-two week low of $31.44 and a fifty-two week high of $41.31.

Insider Buying and Selling

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction dated 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 completion of the sale, the director now directly owns 1,046,203 shares in the company, valued at $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 18.20% of the stock is currently owned by company insiders.

About APi Group

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.