Charles Schwab Investment Management Inc. Has $59.56 Million Position in APi Group Co. (NYSE:APG)

Charles Schwab Investment Management Inc. reduced its stake in APi Group Co. (NYSE:APG - Free Report) by 29.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,803,708 shares of the company's stock after selling 769,705 shares during the period. Charles Schwab Investment Management Inc. owned 0.66% of APi Group worth $59,558,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of APG. Cooke & Bieler LP boosted its stake in APi Group by 218.9% in the second quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company's stock valued at $108,545,000 after acquiring an additional 1,979,931 shares during the period. Millennium Management LLC acquired a new position in APi Group in the second quarter valued at approximately $67,412,000. Artemis Investment Management LLP boosted its stake in APi Group by 65.8% in the second quarter. Artemis Investment Management LLP now owns 2,543,375 shares of the company's stock valued at $95,707,000 after acquiring an additional 1,009,328 shares during the period. Point72 Asset Management L.P. boosted its stake in APi Group by 382.6% in the second quarter. Point72 Asset Management L.P. now owns 1,064,395 shares of the company's stock valued at $40,053,000 after acquiring an additional 843,826 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in APi Group by 412.8% in the third quarter. Assenagon Asset Management S.A. now owns 1,044,034 shares of the company's stock valued at $34,474,000 after acquiring an additional 840,452 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APG has been the subject of a number of research reports. Robert W. Baird lifted their target price on APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday. Barclays boosted 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, November 5th. JPMorgan Chase & Co. reduced 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. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $45.00 price objective on shares of APi Group in a research report on Friday, November 1st. Two 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.71.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the company's stock in a transaction on Wednesday, November 13th. The stock was 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 of the company's stock, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the transaction, the director now directly owns 1,134,635 shares in the company, valued at $41,958,802.30. This represents a 1.01 % 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 Price Performance

NYSE:APG traded up $0.23 during midday trading on Friday, hitting $37.78. 484,464 shares of the stock were exchanged, compared to its average volume of 1,701,251. APi Group Co. has a one year low of $29.95 and a one year high of $39.98. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of -19.18 and a beta of 1.54. The business has a 50-day moving average price of $34.66 and a two-hundred day moving average price of $35.56. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

APi Group (NYSE:APG - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the previous year, the company earned $0.48 earnings per share. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. Sell-side analysts predict that APi Group Co. will post 1.86 EPS for the current year.

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.