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

Knights of Columbus Asset Advisors LLC lifted its stake in APi Group Co. (NYSE:APG) by 701.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 121,332 shares of the company’s stock after buying an additional 106,200 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in APi Group were worth $4,198,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of APi Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 18,860,384 shares of the company’s stock worth $489,050,000 after buying an additional 167,293 shares in the last quarter. UBS Group AG lifted its holdings in shares of APi Group by 201.4% in the third quarter. UBS Group AG now owns 229,231 shares of the company’s stock worth $5,944,000 after buying an additional 153,167 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of APi Group in the fourth quarter worth $670,000. Handelsinvest Investeringsforvaltning purchased a new position in shares of APi Group in the fourth quarter worth $1,518,000. Finally, Dark Forest Capital Management LP purchased a new position in shares of APi Group in the third quarter worth $1,102,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Trading Down 1.1 %

Shares of APG opened at $36.98 on Friday. APi Group Co. has a twelve month low of $21.15 and a twelve month high of $39.98. The company has a market cap of $9.68 billion, a P/E ratio of -48.66, a P/E/G ratio of 1.11 and a beta of 1.64. The company has a current ratio of 1.43, a quick ratio of 1.35 and a debt-to-equity ratio of 1.12. The company’s fifty day simple moving average is $37.62 and its 200-day simple moving average is $32.71.

APi Group (NYSE:APG) last announced its earnings results on Wednesday, February 28th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts expect that APi Group Co. will post 1.87 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on APG shares. Barclays upped their price target on shares of APi Group from $37.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. upped their price target on shares of APi Group from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Robert W. Baird upped their price target on shares of APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday. TheStreet downgraded shares of APi Group from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. Finally, UBS Group upped their price target on shares of APi Group from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.29.

Insider Activity

In other news, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following the transaction, the chief financial officer now directly 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 available at the SEC website. In other news, Director James E. Lillie sold 125,000 shares of the company’s stock in a transaction dated 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 directly owns 5,455,411 shares in the company, valued at $209,378,674.18. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was 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 in the company, valued at $1,220,909.60. The disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.

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.