Thompson Siegel & Walmsley LLC Cuts Holdings in APi Group Co. (NYSE:APG)

Thompson Siegel & Walmsley LLC reduced its holdings in shares of APi Group Co. (NYSE:APG) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,191 shares of the company’s stock after selling 2,809 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in APi Group were worth $4,448,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in APG. Vanguard Group Inc. lifted its position in shares of APi Group by 10.2% during the fourth quarter. Vanguard Group Inc. now owns 20,790,443 shares of the company’s stock worth $719,349,000 after purchasing an additional 1,930,059 shares during the last quarter. Swedbank AB lifted its position in APi Group by 21.1% in the 2nd quarter. Swedbank AB now owns 1,860,000 shares of the company’s stock valued at $69,992,000 after purchasing an additional 324,000 shares during the last quarter. Duality Advisers LP acquired a new position in APi Group during the 1st quarter valued at about $1,447,000. Capital World Investors increased its stake in shares of APi Group by 794.6% in the fourth quarter. Capital World Investors now owns 1,185,771 shares of the company’s stock valued at $41,028,000 after purchasing an additional 1,053,222 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its holdings in shares of APi Group by 192.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company’s stock valued at $2,121,000 after buying an additional 35,520 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insider Activity

In related news, SVP Louis Lambert sold 6,333 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $32.45, for a total transaction of $205,505.85. Following the completion of the sale, the senior vice president now directly owns 8,100 shares in the company, valued at $262,845. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Martin E. Franklin sold 178,346 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the transaction, the director now owns 14,267,479 shares in the company, valued at approximately $503,071,309.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Louis Lambert sold 6,333 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.45, for a total transaction of $205,505.85. Following the completion of the sale, the senior vice president now owns 8,100 shares of the company’s stock, valued at $262,845. The disclosure for this sale can be found here. Insiders have sold 340,358 shares of company stock worth $11,653,157 in the last 90 days. Company insiders own 16.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays lowered their target price on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. JPMorgan Chase & Co. decreased their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Robert W. Baird reduced their price objective on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.86.

APi Group Trading Up 1.3 %

APi Group stock opened at $34.47 on Monday. APi Group Co. has a 52 week low of $24.61 and a 52 week high of $39.98. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.48. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of -16.03, a P/E/G ratio of 0.99 and a beta of 1.56. The company has a 50 day moving average price of $35.30 and a 200 day moving average price of $36.90.

APi Group (NYSE:APG) last issued its earnings results on Thursday, August 1st. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.79 billion. APi Group had a return on equity of 36.53% and a net margin of 2.81%. APi Group’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. Research analysts forecast that APi Group Co. will post 1.87 EPS for the current year.

About APi Group

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.