Swedbank AB Buys 349,000 Shares of APi Group Co. (NYSE:APG)

Swedbank AB boosted its holdings in APi Group Co. (NYSE:APG) by 18.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,209,000 shares of the company’s stock after buying an additional 349,000 shares during the period. Swedbank AB’s holdings in APi Group were worth $72,941,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in APG. O Shaughnessy Asset Management LLC lifted its position in APi Group by 4.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock worth $278,000 after buying an additional 333 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in APi Group by 192.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company’s stock valued at $2,121,000 after purchasing an additional 35,520 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of APi Group by 39.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,443,315 shares of the company’s stock worth $253,030,000 after buying an additional 1,826,227 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new position in shares of APi Group during the first quarter worth $271,000. Finally, Janus Henderson Group PLC raised its stake in APi Group by 6,312.4% in the first quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company’s stock valued at $191,822,000 after buying an additional 4,808,536 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Activity

In other news, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction on Wednesday, November 13th. The stock was 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 in the company, 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. Company insiders own 18.20% of the company’s stock.

APi Group Price Performance

Shares of NYSE APG opened at $37.01 on Monday. APi Group Co. has a 1-year low of $29.75 and a 1-year high of $39.98. 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 stock has a fifty day moving average price of $34.38 and a 200 day moving average price of $35.52.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on APG shares. JPMorgan Chase & Co. decreased their target price on APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Barclays lifted their price target on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada restated a “sector perform” rating and set a $45.00 price objective on shares of APi Group in a research report on Friday, November 1st. Finally, Robert W. Baird reduced their target price on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

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.