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

Swedbank AB lifted its holdings in APi Group Co. (NYSE:APG - Free Report) by 18.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,209,000 shares of the company's stock after purchasing an additional 349,000 shares during the period. Swedbank AB owned 0.80% of APi Group worth $72,941,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cetera Advisors LLC lifted its stake in shares of APi Group by 1.1% in the 1st quarter. Cetera Advisors LLC now owns 27,242 shares of the company's stock valued at $1,070,000 after purchasing an additional 287 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of APi Group by 0.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company's stock valued at $4,091,000 after purchasing an additional 323 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of APi Group by 4.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company's stock valued at $278,000 after purchasing an additional 333 shares during the last quarter. J.Safra Asset Management Corp lifted its stake in shares of APi Group by 21.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company's stock valued at $79,000 after purchasing an additional 373 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of APi Group by 2.1% in the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company's stock valued at $755,000 after purchasing an additional 406 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Insider Activity at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the transaction, the director now directly owns 5,478,779 shares in the company, valued at $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the transaction, the director now owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by insiders.

APi Group Stock Performance

Shares of NYSE:APG traded up $1.24 on Monday, hitting $38.25. 2,055,154 shares of the company were exchanged, compared to its average volume of 1,712,454. The company's 50 day moving average price is $34.46 and its two-hundred day moving average price is $35.52. APi Group Co. has a one year low of $29.75 and a one year high of $39.98. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The firm has a market capitalization of $10.51 billion, a price-to-earnings ratio of -19.42 and a beta of 1.54.

APi Group (NYSE:APG - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, meeting analysts' consensus estimates of $0.51. The business had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Research analysts expect that APi Group Co. will post 1.86 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on APG. Robert W. Baird cut their target price on shares of APi Group from $43.00 to $42.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. cut their target price on shares of APi Group from $37.00 to $34.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Barclays boosted their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $45.00 target price on shares of APi Group in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $44.00.

APi Group Company 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.