New York Life Investment Management LLC Has $512,000 Stock Position in APi Group Corporation $APG

New York Life Investment Management LLC decreased its position in APi Group Corporation (NYSE:APG) by 56.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,372 shares of the company’s stock after selling 17,684 shares during the period. New York Life Investment Management LLC’s holdings in APi Group were worth $512,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Arizona State Retirement System lifted its position in APi Group by 0.3% in the 4th quarter. Arizona State Retirement System now owns 98,581 shares of the company’s stock valued at $3,772,000 after acquiring an additional 277 shares in the last quarter. Silicon Valley Capital Partners lifted its position in APi Group by 50.0% in the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after acquiring an additional 286 shares in the last quarter. Parallel Advisors LLC lifted its position in APi Group by 55.3% in the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after acquiring an additional 297 shares in the last quarter. Wedmont Private Capital lifted its position in APi Group by 4.7% in the 4th quarter. Wedmont Private Capital now owns 7,655 shares of the company’s stock valued at $314,000 after acquiring an additional 343 shares in the last quarter. Finally, Ellenbecker Investment Group lifted its position in APi Group by 4.5% in the 4th quarter. Ellenbecker Investment Group now owns 8,135 shares of the company’s stock valued at $311,000 after acquiring an additional 347 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Truist Financial set a $55.00 price objective on shares of APi Group and gave the company a “buy” rating in a research report on Friday, May 1st. Citigroup reaffirmed a “buy” rating and issued a $53.00 price objective (up from $52.00) on shares of APi Group in a research report on Friday, May 1st. UBS Group boosted their price objective on shares of APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Robert W. Baird set a $52.00 price objective on shares of APi Group in a research report on Friday, May 1st. Finally, Royal Bank Of Canada boosted their price objective on shares of APi Group from $45.00 to $53.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.14.

Insiders Place Their Bets

In other APi Group news, Director Martin E. Franklin sold 3,000,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $40.88, for a total transaction of $122,640,000.00. Following the sale, the director directly owned 21,240,426 shares of the company’s stock, valued at $868,308,614.88. The trade was a 12.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director James E. Lillie sold 15,648 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $45.50, for a total transaction of $711,984.00. Following the sale, the director directly owned 1,275,019 shares in the company, valued at $58,013,364.50. This trade represents a 1.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,126,000 shares of company stock valued at $217,071,030 in the last three months. 18.70% of the stock is currently owned by corporate insiders.

APi Group Trading Up 2.3%

Shares of NYSE:APG opened at $42.09 on Thursday. The company’s 50-day moving average price is $43.67 and its two-hundred day moving average price is $41.71. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.44 and a quick ratio of 1.36. APi Group Corporation has a one year low of $30.00 and a one year high of $49.99. The stock has a market capitalization of $18.24 billion, a PE ratio of -59.28, a price-to-earnings-growth ratio of 2.42 and a beta of 1.67.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, equities analysts forecast that APi Group Corporation will post 1.7 EPS for the current fiscal year.

APi Group Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.