California Public Employees Retirement System Reduces Stock Position in APi Group Co. (NYSE:APG)

California Public Employees Retirement System decreased its stake in shares of APi Group Co. (NYSE:APG) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 355,391 shares of the company’s stock after selling 19,335 shares during the quarter. California Public Employees Retirement System’s holdings in APi Group were worth $12,783,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of APG. Blue Trust Inc. grew its holdings in shares of APi Group by 92.3% during the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after purchasing an additional 386 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in APi Group in the fourth quarter worth approximately $34,000. First Horizon Advisors Inc. lifted its holdings in shares of APi Group by 53.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock valued at $43,000 after purchasing an additional 414 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after buying an additional 217,071 shares during the period. Finally, R Squared Ltd purchased a new position in APi Group during the 4th quarter worth approximately $85,000. Institutional investors own 86.62% of the company’s stock.

APi Group Trading Down 4.4 %

Shares of NYSE APG opened at $32.42 on Friday. APi Group Co. has a twelve month low of $31.40 and a twelve month high of $41.31. The stock 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 quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The company’s fifty day moving average is $37.48 and its 200-day moving average is $36.40.

Analysts Set New Price Targets

Several research analysts have weighed in on APG shares. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Tuesday, January 14th. Robert W. Baird increased 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. Barclays decreased their price target on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Citigroup dropped their price target on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, UBS Group dropped their target price on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $43.29.

Insider Buying and Selling at APi Group

In other news, Director James E. Lillie sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was 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 of the company’s stock, 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 through this hyperlink. Insiders own 18.20% of the company’s stock.

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.