Capital World Investors Decreases Stake in APi Group Co. (NYSE:APG)

Capital World Investors cut its stake in APi Group Co. (NYSE:APG) by 23.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 907,771 shares of the company’s stock after selling 278,000 shares during the period. Capital World Investors’ holdings in APi Group were worth $35,648,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Jag Capital Management LLC lifted its stake in shares of APi Group by 3.3% during the fourth quarter. Jag Capital Management LLC now owns 9,521 shares of the company’s stock worth $329,000 after buying an additional 301 shares during the period. O Shaughnessy Asset Management LLC lifted its position in APi Group by 4.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock worth $278,000 after acquiring an additional 333 shares during the period. Fifth Third Bancorp grew its stake in APi Group by 3.3% during the 1st quarter. Fifth Third Bancorp now owns 11,016 shares of the company’s stock valued at $433,000 after purchasing an additional 357 shares during the last quarter. Xponance Inc. increased its holdings in shares of APi Group by 2.9% in the fourth quarter. Xponance Inc. now owns 12,738 shares of the company’s stock valued at $441,000 after purchasing an additional 365 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of APi Group by 43.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock worth $44,000 after purchasing an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Transactions at APi Group

In related news, major shareholder Global Investors Lp Viking sold 1,951,782 shares of APi Group stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $38.15, for a total value of $74,460,483.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $37.21, for a total transaction of $5,581,500.00. Following the completion of the transaction, the director now directly owns 5,828,779 shares in the company, valued at $216,888,866.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Global Investors Lp Viking sold 1,951,782 shares of APi Group stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $38.15, for a total transaction of $74,460,483.30. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company’s stock.

APi Group Trading Up 1.9 %

APi Group stock opened at $37.19 on Friday. The firm has a market cap of $10.20 billion, a PE ratio of -17.30, a P/E/G ratio of 1.09 and a beta of 1.57. APi Group Co. has a 12 month low of $24.61 and a 12 month high of $39.98. The stock’s 50 day simple moving average is $37.19 and its two-hundred day simple moving average is $36.62. The company has a current ratio of 1.35, a quick ratio of 1.26 and a debt-to-equity ratio of 1.14.

APi Group (NYSE:APG) last posted its earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.60 billion. APi Group had a net margin of 2.49% and a return on equity of 37.83%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 EPS. Analysts anticipate that APi Group Co. will post 1.88 earnings per share for the current year.

Wall Street Analyst Weigh In

APG has been the topic of a number of recent research reports. Robert W. Baird upped their target price on APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Citigroup upped their price objective on shares of APi Group from $43.00 to $47.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Royal Bank of Canada raised their target price on shares of APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.29.

APi Group 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.