Fisher Asset Management LLC Has $42.82 Million Stake in APi Group Co. (NYSE:APG)

Fisher Asset Management LLC lifted its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,296,769 shares of the company's stock after buying an additional 26,770 shares during the period. Fisher Asset Management LLC owned about 0.47% of APi Group worth $42,819,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of APG. Cooke & Bieler LP boosted its position in 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 purchasing an additional 1,979,931 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of APi Group in the 2nd quarter valued at approximately $67,412,000. Swedbank AB bought a new position in shares of APi Group in the first quarter valued at $60,319,000. Artemis Investment Management LLP increased its holdings in APi Group by 65.8% during the second quarter. Artemis Investment Management LLP now owns 2,543,375 shares of the company's stock worth $95,707,000 after buying an additional 1,009,328 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in APi Group by 382.6% during the second quarter. Point72 Asset Management L.P. now owns 1,064,395 shares of the company's stock worth $40,053,000 after buying an additional 843,826 shares during the last quarter. Institutional investors own 86.62% of the company's stock.

Wall Street Analysts Forecast Growth

APG has been the subject of a number of analyst reports. 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 research report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price objective on APi Group from $37.00 to $34.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Royal Bank of Canada reissued a "sector perform" rating and set a $45.00 target price on shares of APi Group in a report on Friday, November 1st. Finally, Robert W. Baird raised their price target on APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, APi Group presently has a consensus rating of "Moderate Buy" and an average price target of $43.71.

APi Group Price Performance

APG stock opened at $37.64 on Wednesday. APi Group Co. has a 52 week low of $29.75 and a 52 week high of $39.98. The company's 50-day simple moving average is $34.52 and its 200 day simple moving average is $35.53. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

APi Group (NYSE:APG - Get Free Report) last announced its 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 firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business's revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 EPS. Sell-side analysts forecast that APi Group Co. will post 1.86 earnings per share for the current fiscal year.

Insider Transactions at APi Group

In other APi Group news, Director James E. Lillie sold 11,568 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the sale, the director now owns 1,134,635 shares of the company's stock, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction on 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 completion of the transaction, 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 disclosure for this sale can be found here. 18.20% of the stock is currently owned by insiders.

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.