Bank of Montreal Can Buys Shares of 163,912 APi Group Co. (NYSE:APG)

Bank of Montreal Can bought a new stake in shares of APi Group Co. (NYSE:APG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 163,912 shares of the company's stock, valued at approximately $5,514,000. Bank of Montreal Can owned about 0.06% of APi Group at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. bought a new position in shares of APi Group in the third quarter worth about $26,000. Avior Wealth Management LLC bought a new position in shares of APi Group in the 3rd quarter worth $33,000. J.Safra Asset Management Corp lifted its holdings in shares of APi Group by 21.5% during 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 in the last quarter. Triad Wealth Partners LLC bought a new stake in shares of APi Group in the second quarter valued at about $132,000. Finally, Strategic Financial Concepts LLC boosted its position in APi Group by 3,622.0% during the second quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company's stock valued at $148,000 after purchasing an additional 382,012 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Trading Up 2.3 %

NYSE APG traded up $0.85 during trading hours on Wednesday, hitting $38.50. 889,338 shares of the company were exchanged, compared to its average volume of 1,688,955. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group Co. has a 52 week low of $29.98 and a 52 week high of $39.98. The stock has a market cap of $10.58 billion, a PE ratio of -19.54 and a beta of 1.55. The stock has a 50-day moving average price of $34.91 and a 200 day moving average price of $35.58.

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, meeting the consensus estimate of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter last year, the firm earned $0.48 EPS. The business's revenue for the quarter was up 2.4% on a year-over-year basis. Analysts forecast that APi Group Co. will post 1.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on APG. Robert W. Baird increased their price objective on APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 26th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $45.00 price target on shares of APi Group in a report on Friday, November 1st. Finally, Barclays raised their price target 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, APi Group currently has an average rating of "Moderate Buy" and a consensus target price of $43.71.

Insider Buying and Selling at APi Group

In related news, Director Ian G. H. Ashken sold 53,868 shares of the firm's stock in a transaction that occurred 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 transaction, the director now 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James E. Lillie sold 11,568 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following 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. Insiders own 18.20% of the company's stock.

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.