Massachusetts Financial Services Co. MA Trims Holdings in APi Group Co. (NYSE:APG)

Massachusetts Financial Services Co. MA trimmed its position in shares of APi Group Co. (NYSE:APG - Free Report) by 63.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,059 shares of the company's stock after selling 291,912 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.06% of APi Group worth $5,582,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC raised its stake in shares of APi Group by 4.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company's stock worth $278,000 after buying an additional 333 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of APi Group by 192.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company's stock valued at $2,121,000 after purchasing an additional 35,520 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of APi Group by 2.3% in the first quarter. California State Teachers Retirement System now owns 186,362 shares of the company's stock valued at $7,318,000 after purchasing an additional 4,102 shares during the period. Tidal Investments LLC boosted its holdings in APi Group by 60.0% during the first quarter. Tidal Investments LLC now owns 40,712 shares of the company's stock worth $1,599,000 after buying an additional 15,265 shares in the last quarter. Finally, Comerica Bank grew its position in APi Group by 109.8% during the first quarter. Comerica Bank now owns 5,641 shares of the company's stock worth $222,000 after buying an additional 2,952 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at APi Group

In related news, Director James E. Lillie sold 11,568 shares of the firm'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 sale, the director now directly owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ian G. H. Ashken sold 53,868 shares of the company'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 value of $1,986,113.16. Following the completion of 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 position. The disclosure for this sale can be found here. Company insiders own 18.20% of the company's stock.

APi Group Trading Down 1.6 %

APG opened at $37.64 on Wednesday. APi Group Co. has a 52 week low of $29.75 and a 52 week 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 business's fifty day simple moving average is $34.52 and its 200 day simple moving average is $35.53.

APi Group (NYSE:APG - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.51. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. As a group, equities analysts predict that APi Group Co. will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

APG has been the subject of a number of research reports. Barclays boosted their price target on APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Robert W. Baird boosted their target price on APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday. Royal Bank of Canada restated a "sector perform" rating and issued a $45.00 price target on shares of APi Group in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of APi Group from $37.00 to $34.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.71.

APi Group Company 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.