California Public Employees Retirement System Sells 19,335 Shares of APi Group Co. (NYSE:APG)

California Public Employees Retirement System decreased its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,391 shares of the company's stock after selling 19,335 shares during the quarter. California Public Employees Retirement System owned approximately 0.13% of APi Group worth $12,783,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Equitable Trust Co. grew its position in shares of APi Group by 1.7% in the 4th quarter. Equitable Trust Co. now owns 20,676 shares of the company's stock worth $744,000 after buying an additional 351 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of APi Group by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 7,380 shares of the company's stock valued at $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% in 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 period. EntryPoint Capital LLC boosted its stake in APi Group by 3.9% during the fourth quarter. EntryPoint Capital LLC now owns 10,435 shares of the company's stock worth $375,000 after buying an additional 389 shares during the period. Finally, First Horizon Advisors Inc. lifted its position 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 worth $43,000 after purchasing an additional 414 shares in the last quarter. Institutional investors own 86.62% of the company's stock.

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APi Group Stock Performance

NYSE APG traded down $0.90 during trading on Thursday, hitting $34.38. The company's stock had a trading volume of 127,929 shares, compared to its average volume of 1,692,420. 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 firm has a 50 day moving average price of $37.08 and a 200 day moving average price of $36.34. The firm has a market cap of $9.54 billion, a P/E ratio of -17.49 and a beta of 1.55. APi Group Co. has a 52 week low of $30.76 and a 52 week high of $41.31.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction that occurred on 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 directly owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 18.20% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. UBS Group decreased their target price on shares of APi Group from $45.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, February 18th. Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research note on Tuesday, January 14th. Truist Financial reissued a "buy" rating and issued a $48.00 target price (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Finally, Barclays lowered their price target on APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, APi Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.29.

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.