Janus Henderson Group PLC Boosts Stock Position in APi Group Co. (NYSE:APG)

Janus Henderson Group PLC lifted its position in shares of APi Group Co. (NYSE:APG - Free Report) by 19.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,391,321 shares of the company's stock after purchasing an additional 1,351,013 shares during the period. Janus Henderson Group PLC owned 3.05% of APi Group worth $277,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in APG. First Horizon Advisors Inc. acquired a new stake in shares of APi Group during the 3rd quarter valued at $26,000. Avior Wealth Management LLC bought a new position in shares of APi Group in the 3rd quarter worth about $33,000. J.Safra Asset Management Corp increased its position in APi Group by 21.5% in the 2nd 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 in the last quarter. Triad Wealth Partners LLC bought a new stake in APi Group in the 2nd quarter valued at about $132,000. Finally, SG Americas Securities LLC bought a new stake in APi Group in the 3rd quarter valued at about $165,000. Institutional investors own 86.62% of the company's stock.

APi Group Stock Performance

Shares of NYSE APG traded up $0.85 during midday trading on Wednesday, reaching $38.50. The company's stock had a trading volume of 889,338 shares, compared to its average volume of 1,688,955. APi Group Co. has a 12-month low of $29.98 and a 12-month high of $39.98. The firm has a 50 day moving average price of $34.91 and a 200-day moving average price of $35.58. The stock has a market capitalization of $10.58 billion, a P/E ratio of -19.54 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting analysts' consensus estimates of $0.51. The company had revenue of $1.83 billion for 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 revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. As a group, equities analysts predict that APi Group Co. will post 1.86 earnings per share for the current year.

Insider Buying and Selling at APi Group

In other news, 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 transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 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. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays lifted their price target on APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Royal Bank of Canada reiterated a "sector perform" rating and set a $45.00 price target on shares of APi Group in a research note on Friday, November 1st. Finally, Robert W. Baird lifted their price target on APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.71.

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.