ING Groep NV Takes Position in APi Group Co. (NYSE:APG)

ING Groep NV acquired a new stake in shares of APi Group Co. (NYSE:APG - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 97,300 shares of the company's stock, valued at approximately $3,213,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swedbank AB raised its stake in APi Group by 21.1% during the second quarter. Swedbank AB now owns 1,860,000 shares of the company's stock valued at $69,992,000 after buying an additional 324,000 shares in the last quarter. Vanguard Group Inc. raised its stake in APi Group by 5.0% during the first quarter. Vanguard Group Inc. now owns 21,822,007 shares of the company's stock valued at $856,950,000 after buying an additional 1,031,564 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in APi Group by 192.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company's stock valued at $2,121,000 after buying an additional 35,520 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new stake in APi Group during the first quarter valued at approximately $1,422,000. Finally, Tidal Investments LLC raised its position in shares of APi Group by 60.0% during the 1st quarter. Tidal Investments LLC now owns 40,712 shares of the company's stock worth $1,599,000 after purchasing an additional 15,265 shares during the period. Institutional investors and hedge funds own 86.62% of the company's stock.

Wall Street Analysts Forecast Growth

APG has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $45.00 price objective on shares of APi Group in a report on Friday, November 1st. Robert W. Baird cut their target price on APi Group from $43.00 to $42.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. Finally, Barclays boosted their price target on APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $44.00.

Insider Buying and Selling

In other APi Group news, SVP Louis Lambert sold 5,679 shares of the 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 transaction, the senior vice president now owns 2,421 shares in the company, valued at $87,252.84. This trade represents a 70.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the transaction, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 249,461 shares of company stock worth $8,907,049. Corporate insiders own 18.20% of the company's stock.

APi Group Stock Down 2.3 %

Shares of NYSE:APG traded down $0.84 during midday trading on Friday, hitting $35.37. 1,460,103 shares of the stock were exchanged, compared to its average volume of 1,734,194. 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 Co. has a 52-week low of $28.97 and a 52-week high of $39.98. The business's fifty day simple moving average is $34.11 and its two-hundred day simple moving average is $35.57. The company has a market capitalization of $9.72 billion, a PE ratio of -17.95 and a beta of 1.54.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (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 business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company earned $0.48 earnings per share. APi Group's quarterly revenue was up 2.4% compared to the same quarter last year. As a group, research analysts predict that APi Group Co. will post 1.86 earnings per share for the current fiscal 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.