Teacher Retirement System of Texas Lowers Position in APi Group Co. (NYSE:APG)

Teacher Retirement System of Texas trimmed its stake in APi Group Co. (NYSE:APG) by 14.9% in the fourth quarter, Holdings Channel.com reports. 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’ holdings in APi Group were worth $61,770,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Equitable Trust Co. grew its stake in shares of APi Group by 1.7% during the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company’s stock valued at $744,000 after buying an additional 351 shares during the period. CIBC Asset Management Inc grew its holdings in shares of APi Group by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 7,380 shares of the company’s stock worth $265,000 after purchasing an additional 370 shares during the period. Blue Trust Inc. grew its holdings in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after purchasing an additional 386 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of APi Group by 53.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after purchasing an additional 414 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of APi Group by 0.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company’s stock worth $1,906,000 after purchasing an additional 450 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Performance

APi Group stock opened at $37.81 on Thursday. The stock has a market cap of $10.49 billion, a P/E ratio of -19.19 and a beta of 1.54. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock has a 50 day moving average of $37.74 and a 200-day moving average of $36.20. APi Group Co. has a 52 week low of $31.44 and a 52 week high of $41.31.

Insider Buying and Selling at APi Group

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

Wall Street Analysts Forecast Growth

APG has been the subject of several research reports. Truist Financial reiterated a “buy” rating and set a $48.00 price objective (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Citigroup decreased their price target on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday, January 13th. UBS Group decreased their price target on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Finally, Robert W. Baird upped their target price on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and an average price target of $43.43.

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.