River Road Asset Management LLC Acquires 73,272 Shares of APi Group Co. (NYSE:APG)

River Road Asset Management LLC grew its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 42.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 243,951 shares of the company's stock after purchasing an additional 73,272 shares during the period. River Road Asset Management LLC owned about 0.09% of APi Group worth $8,055,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in APG. Wealth Enhancement Advisory Services LLC bought a new position in shares of APi Group in the first quarter worth $884,000. Janney Montgomery Scott LLC acquired a new position in shares of APi Group in the 1st quarter valued at approximately $221,000. Daiwa Securities Group Inc. bought a new stake in shares of APi Group during the 1st quarter worth approximately $235,000. Whittier Trust Co. boosted its position in shares of APi Group by 100.9% during the 1st quarter. Whittier Trust Co. now owns 1,497 shares of the company's stock worth $59,000 after acquiring an additional 752 shares in the last quarter. Finally, Duality Advisers LP acquired a new stake in shares of APi Group during the 1st quarter worth approximately $1,447,000. 86.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

APi Group Stock Performance

Shares of NYSE:APG traded up $1.88 during midday trading on Wednesday, hitting $36.99. 2,608,353 shares of the stock were exchanged, compared to its average volume of 1,570,626. The business's 50-day moving average price is $33.75 and its 200 day moving average price is $35.64. APi Group Co. has a 12 month low of $26.65 and a 12 month 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.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $1.83 billion during 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 company's revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. On average, analysts forecast that APi Group Co. will post 1.85 earnings per share for the current year.

Insider Activity at APi Group

In other APi Group news, Director Martin E. Franklin sold 178,346 shares of APi Group stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the transaction, the director now directly owns 14,267,479 shares of the company's stock, valued at approximately $503,071,309.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the firm's stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the completion of the transaction, the director now owns 14,267,479 shares in the company, valued at approximately $503,071,309.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Louis Lambert sold 5,679 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction of $204,671.16. Following the completion of the transaction, the senior vice president now owns 2,421 shares in the company, valued at $87,252.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by company insiders.

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.