Healthcare of Ontario Pension Plan Trust Fund Makes New $8.80 Million Investment in APi Group Co. (NYSE:APG)


Share on StockTwits

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in APi Group Co. (NYSE:APG) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 485,000 shares of the company’s stock, valued at approximately $8,803,000.

Other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC boosted its stake in APi Group by 21.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,500 shares of the company’s stock valued at $82,000 after buying an additional 800 shares in the last quarter. Baird Financial Group Inc. raised its stake in APi Group by 6.1% during the fourth quarter. Baird Financial Group Inc. now owns 20,422 shares of the company’s stock worth $371,000 after acquiring an additional 1,182 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of APi Group by 0.8% in the third quarter. California State Teachers Retirement System now owns 212,905 shares of the company’s stock worth $3,030,000 after acquiring an additional 1,762 shares during the last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of APi Group in the 4th quarter valued at approximately $70,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of APi Group by 2.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 262,017 shares of the company’s stock valued at $3,718,000 after purchasing an additional 6,244 shares during the last quarter. 77.48% of the stock is owned by institutional investors.

APG stock opened at $21.88 on Thursday. The company has a fifty day moving average price of $19.86 and a 200-day moving average price of $17.28. The company has a quick ratio of 1.74, a current ratio of 1.80 and a debt-to-equity ratio of 0.73. APi Group Co. has a 52-week low of $8.84 and a 52-week high of $22.23.

APi Group (NYSE:APG) last posted its quarterly earnings data on Tuesday, March 23rd. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. The company had revenue of $882.00 million during the quarter, compared to analyst estimates of $875.21 million. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, equities research analysts anticipate that APi Group Co. will post 1.13 earnings per share for the current fiscal year.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of APi Group from a “hold” rating to a “strong sell” rating in a research note on Monday, February 22nd. Barclays boosted their price objective on APi Group from $21.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, March 22nd. Finally, Citigroup increased their target price on APi Group from $21.00 to $22.00 in a research report on Tuesday, February 16th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $21.00.

APi Group Company Profile

APi Group Corporation provides commercial life safety solutions and industrial specialty services primarily in the United States. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions, and HVAC and entry systems, which include the design, installation, inspection, and service of these integrated systems.

Featured Article: What is a Special Dividend?

Want to see what other hedge funds are holding APG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for APi Group Co. (NYSE:APG).

Institutional Ownership by Quarter for APi Group (NYSE:APG)

Receive News & Ratings for APi Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for APi Group and related companies with MarketBeat.com's FREE daily email newsletter.