Cerity Partners LLC Grows Stock Holdings in APi Group Co. (NYSE:APG)

Cerity Partners LLC boosted its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 42.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,168 shares of the company's stock after purchasing an additional 22,652 shares during the period. Cerity Partners LLC's holdings in APi Group were worth $2,515,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Cetera Advisors LLC grew its position 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 buying an additional 287 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in APi Group by 0.3% during 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. J.Safra Asset Management Corp boosted its position in shares of APi Group by 21.5% during the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company's stock valued at $79,000 after buying an additional 373 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of APi Group by 2.1% in the second 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. Finally, Ellenbecker Investment Group lifted its position in shares of APi Group by 8.3% during the 2nd quarter. Ellenbecker Investment Group now owns 5,625 shares of the company's stock worth $212,000 after buying an additional 433 shares in the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Stock Performance

Shares of APi Group stock traded down $0.11 during trading hours on Monday, reaching $37.67. 832,542 shares of the stock traded hands, compared to its average volume of 1,697,506. The company has a 50 day moving average price of $34.66 and a 200 day moving average price of $35.54. APi Group Co. has a one year low of $29.98 and a one year high of $39.98. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of -19.11 and a beta of 1.54.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays boosted their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Robert W. Baird raised their target price on APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $45.00 price objective on shares of APi Group in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, APi Group presently has a consensus rating of "Moderate Buy" and an average price target of $43.71.

Insider Buying and Selling at APi Group

In related news, Director James E. Lillie sold 11,568 shares of the stock in a transaction 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 sale, the director now directly owns 1,134,635 shares of the company's stock, valued at approximately $41,958,802.30. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the 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 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 disclosure for this sale can be found here. 18.20% of the stock is owned by corporate insiders.

APi Group 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.