Principal Financial Group Inc. Has $487,000 Stake in APi Group Co. (NYSE:APG)

Principal Financial Group Inc. trimmed its position in shares of APi Group Co. (NYSE:APG - Free Report) by 85.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,758 shares of the company's stock after selling 86,975 shares during the quarter. Principal Financial Group Inc.'s holdings in APi Group were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Tidal Investments LLC increased its stake in shares of APi Group by 10.8% in the third quarter. Tidal Investments LLC now owns 54,553 shares of the company's stock valued at $1,801,000 after buying an additional 5,337 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in APi Group in the 3rd quarter valued at about $450,000. Virtu Financial LLC bought a new position in shares of APi Group in the third quarter worth about $813,000. Geode Capital Management LLC raised its stake in shares of APi Group by 2.9% in the third quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company's stock worth $123,217,000 after acquiring an additional 106,119 shares during the last quarter. Finally, Barclays PLC lifted its holdings in APi Group by 1.6% during the 3rd quarter. Barclays PLC now owns 364,281 shares of the company's stock worth $12,026,000 after buying an additional 5,701 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Robert W. Baird boosted their price objective on APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, November 26th. Citigroup upped their target price on shares of APi Group from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, December 9th. William Blair reiterated an "outperform" rating on shares of APi Group in a report on Thursday, December 5th. Barclays lifted their price objective on APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a 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 note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $43.43.

APi Group Stock Performance

APi Group stock traded down $0.14 during mid-day trading on Monday, hitting $36.51. 886,009 shares of the company's stock traded hands, compared to its average volume of 1,216,136. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The firm has a 50 day simple moving average of $36.75 and a two-hundred day simple moving average of $35.62. APi Group Co. has a fifty-two week low of $30.75 and a fifty-two week high of $40.89. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of -18.53 and a beta of 1.55.

APi Group (NYSE:APG - Get Free Report) last posted 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 company 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%. APi Group's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS. On average, research analysts expect that APi Group Co. will post 1.83 EPS for the current fiscal year.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 11,568 shares of the firm's 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 transaction, the director now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the business'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 value of $1,986,113.16. Following the completion of the sale, the director now owns 5,478,779 shares of the company's stock, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is owned by corporate 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.