FORA Capital LLC Purchases Shares of 45,064 APi Group Co. (NYSE:APG)

FORA Capital LLC purchased a new stake in shares of APi Group Co. (NYSE:APG) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 45,064 shares of the company’s stock, valued at approximately $1,488,000.

A number of other institutional investors have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its position in shares of APi Group by 4.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company’s stock valued at $227,881,000 after acquiring an additional 324,544 shares during the last quarter. Cooke & Bieler LP increased its position in shares of APi Group by 218.9% during the second quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company’s stock valued at $108,545,000 after acquiring an additional 1,979,931 shares during the last quarter. Artemis Investment Management LLP increased its position in shares of APi Group by 65.8% during the second quarter. Artemis Investment Management LLP now owns 2,543,375 shares of the company’s stock valued at $95,707,000 after acquiring an additional 1,009,328 shares during the last quarter. Select Equity Group L.P. grew its holdings in shares of APi Group by 7.6% in the second quarter. Select Equity Group L.P. now owns 2,464,597 shares of the company’s stock valued at $92,743,000 after purchasing an additional 173,544 shares in the last quarter. Finally, M.D. Sass LLC grew its holdings in shares of APi Group by 7.5% in the third quarter. M.D. Sass LLC now owns 2,313,473 shares of the company’s stock valued at $76,391,000 after purchasing an additional 160,595 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at APi Group

In other news, Director Ian G. H. Ashken sold 53,868 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the sale, the director now owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the sale, the director now owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on APG shares. Barclays lifted their price objective on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 price objective on shares of APi Group in a report on Friday, November 1st. Robert W. Baird lifted their price objective on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.71.

APi Group Stock Down 0.2 %

Shares of APi Group stock opened at $37.55 on Thursday. APi Group Co. has a 52-week low of $29.75 and a 52-week high of $39.98. The company has a 50 day moving average of $34.58 and a 200 day moving average of $35.54. 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 company has a market capitalization of $10.32 billion, a P/E ratio of -19.06 and a beta of 1.54.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share. As a group, research analysts forecast that APi Group Co. will post 1.86 EPS for the current fiscal 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.