Thompson Siegel & Walmsley LLC Invests $4.33 Million in APi Group Co. (NYSE:APG)

Thompson Siegel & Walmsley LLC acquired a new stake in APi Group Co. (NYSE:APG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 125,000 shares of the company’s stock, valued at approximately $4,325,000. Thompson Siegel & Walmsley LLC owned about 0.05% of APi Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of APG. Xponance Inc. grew its stake in shares of APi Group by 2.9% during the 4th quarter. Xponance Inc. now owns 12,738 shares of the company’s stock worth $441,000 after acquiring an additional 365 shares during the period. New York State Common Retirement Fund increased its stake in shares of 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 purchasing an additional 466 shares in the last quarter. M&T Bank Corp raised its position in shares of APi Group by 0.7% in the fourth quarter. M&T Bank Corp now owns 95,799 shares of the company’s stock valued at $3,315,000 after purchasing an additional 627 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in shares of APi Group by 1.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 60,161 shares of the company’s stock valued at $1,560,000 after buying an additional 735 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in APi Group by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 46,880 shares of the company’s stock worth $1,216,000 after buying an additional 766 shares during the period. 86.62% of the stock is owned by institutional investors.

Insider Activity at APi Group

In related news, CFO Kevin Krumm sold 5,585 shares of APi Group 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 owns 34,180 shares in the company, valued at $1,220,909.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Kevin Krumm sold 5,585 shares of APi Group stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total transaction of $199,496.20. Following the sale, the chief financial officer now owns 34,180 shares of the company’s stock, valued at approximately $1,220,909.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $37.21, for a total transaction of $5,581,500.00. Following the completion of the transaction, the director now directly owns 5,828,779 shares of the company’s stock, valued at $216,888,866.59. The disclosure for this sale can be found here. Insiders sold a total of 280,585 shares of company stock worth $10,578,496 over the last quarter. 16.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on APG. TheStreet cut APi Group from a “b” rating to a “c+” rating in a research report on Wednesday, February 28th. Citigroup upped their target price on shares of APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. UBS Group lifted their price target 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. JPMorgan Chase & Co. boosted their price objective on shares of APi Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Finally, Robert W. Baird increased their target price on shares of APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.29.

APi Group Trading Down 0.7 %

APG traded down $0.26 during trading on Friday, hitting $37.33. 962,867 shares of the stock traded hands, compared to its average volume of 2,039,506. The firm has a 50-day moving average of $38.36 and a 200 day moving average of $33.94. APi Group Co. has a 12-month low of $22.08 and a 12-month high of $39.98. The firm has a market capitalization of $10.24 billion, a P/E ratio of -17.36, a price-to-earnings-growth ratio of 1.23 and a beta of 1.62. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.35 and a quick ratio of 1.26.

APi Group (NYSE:APG) last posted its earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. APi Group had a return on equity of 37.83% and a net margin of 2.49%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the firm earned $0.25 earnings per share. APi Group’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that APi Group Co. will post 1.84 EPS for the current year.

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.