Dynamic Technology Lab Private Ltd Purchases Shares of 78,319 APi Group Co. (NYSE:APG)

Dynamic Technology Lab Private Ltd acquired a new position in APi Group Co. (NYSE:APG) during the third quarter, HoldingsChannel reports. The institutional investor acquired 78,319 shares of the company’s stock, valued at approximately $2,586,000.

A number of other large investors have also recently made changes to their positions in APG. First Horizon Advisors Inc. bought a new position in shares of APi Group during the third quarter valued at approximately $26,000. Avior Wealth Management LLC purchased a new position in APi Group during the 3rd quarter valued at $33,000. J.Safra Asset Management Corp raised its holdings in APi Group by 21.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock worth $79,000 after purchasing an additional 373 shares in the last quarter. Triad Wealth Partners LLC purchased a new stake in shares of APi Group in the 2nd quarter worth about $132,000. Finally, Strategic Financial Concepts LLC boosted its stake in shares of APi Group by 3,622.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock valued at $148,000 after purchasing an additional 382,012 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

APG has been the subject of a number of research reports. Robert W. Baird decreased their price target on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Barclays increased their target price on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their target price on APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $45.00 price target on shares of APi Group in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 11,568 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were 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 in the company, valued at $41,958,802.30. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of the firm’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 sale, the director now directly owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is owned by insiders.

APi Group Stock Up 0.0 %

APG stock opened at $37.01 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The firm has a 50 day moving average price of $34.38 and a 200-day moving average price of $35.52. APi Group Co. has a 52-week low of $29.75 and a 52-week high of $39.98.

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