Teacher Retirement System of Texas Sells 301,179 Shares of APi Group Co. (NYSE:APG)

Teacher Retirement System of Texas decreased its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,717,252 shares of the company's stock after selling 301,179 shares during the period. Teacher Retirement System of Texas owned about 0.62% of APi Group worth $61,770,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APG. First Horizon Advisors Inc. purchased a new position in APi Group in the third quarter worth about $26,000. Blue Trust Inc. lifted its stake in shares of APi Group by 92.3% in 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. ORG Wealth Partners LLC purchased a new position in shares of APi Group in the fourth quarter worth approximately $34,000. Avior Wealth Management LLC bought a new stake in APi Group during the third quarter valued at approximately $33,000. Finally, R Squared Ltd purchased a new stake in APi Group during the fourth quarter valued at approximately $85,000. Hedge funds and other institutional investors own 86.62% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on APG shares. Citigroup reduced their price target on APi Group from $45.00 to $43.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Royal Bank of Canada upgraded shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a research note on Tuesday, January 14th. William Blair reiterated an "outperform" rating on shares of APi Group in a research report on Thursday, December 5th. Robert W. Baird raised their price objective on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a research report on Thursday, February 27th. Finally, Truist Financial restated a "buy" rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, APi Group has a consensus rating of "Moderate Buy" and a consensus target price of $43.43.

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APi Group Price Performance

NYSE:APG traded up $1.29 during trading hours on Monday, reaching $38.43. The stock had a trading volume of 1,092,896 shares, compared to its average volume of 1,636,584. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The stock has a market capitalization of $10.67 billion, a PE ratio of -19.51 and a beta of 1.54. APi Group Co. has a 52 week low of $31.44 and a 52 week high of $41.31. The company has a 50 day moving average price of $37.79 and a two-hundred day moving average price of $36.25.

Insider Buying and Selling at APi Group

In other APi Group 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 of the company's stock, valued at $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 18.20% of the stock is owned by company insiders.

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.