Cooke & Bieler LP Grows Stock Position in APi Group Co. (NYSE:APG)

Cooke & Bieler LP raised its position in APi Group Co. (NYSE:APG - Free Report) by 218.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,884,540 shares of the company's stock after purchasing an additional 1,979,931 shares during the period. Cooke & Bieler LP owned 1.05% of APi Group worth $108,545,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Wolverine Asset Management LLC raised its holdings in shares of APi Group by 11.3% in the second quarter. Wolverine Asset Management LLC now owns 128,000 shares of the company's stock valued at $4,817,000 after buying an additional 13,000 shares during the last quarter. CIBC Asset Management Inc increased its position in APi Group by 19.0% during the second quarter. CIBC Asset Management Inc now owns 6,788 shares of the company's stock worth $255,000 after buying an additional 1,085 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of APi Group by 0.3% during the second quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company's stock worth $4,091,000 after buying an additional 323 shares in the last quarter. Maryland State Retirement & Pension System purchased a new stake in APi Group in the 2nd quarter worth approximately $667,000. Finally, Hantz Financial Services Inc. purchased a new position in APi Group during the second quarter worth about $497,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APG has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of APi Group from $37.00 to $34.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Barclays decreased their target price on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday, August 5th. Finally, Robert W. Baird cut their target price on APi Group from $43.00 to $42.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $43.86.

Insider Activity at APi Group

In other news, Director Ian G. H. Ashken sold 150,000 shares of the business's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $33.03, for a total value of $4,954,500.00. Following the transaction, the director now directly owns 5,678,779 shares of the company's stock, valued at approximately $187,570,070.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ian G. H. Ashken sold 150,000 shares of the company's stock in a transaction on Monday, August 5th. The stock was sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the completion of the sale, the director now owns 5,678,779 shares in the company, valued at $187,570,070.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Louis Lambert sold 5,679 shares of the firm's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $36.04, for a total value of $204,671.16. Following the sale, the senior vice president now directly owns 2,421 shares of the company's stock, valued at $87,252.84. The disclosure for this sale can be found here. Insiders sold a total of 2,292,140 shares of company stock worth $86,113,640 in the last quarter. 16.40% of the stock is owned by insiders.

APi Group Stock Down 1.4 %

Shares of APG traded down $0.49 on Wednesday, hitting $33.43. The company's stock had a trading volume of 864,358 shares, compared to its average volume of 1,715,956. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of -15.68, a P/E/G ratio of 1.04 and a beta of 1.57. The firm's fifty day moving average price is $35.91 and its 200-day moving average price is $37.00. APi Group Co. has a fifty-two week low of $24.61 and a fifty-two week high of $39.98.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. On average, equities research analysts expect that APi Group Co. will post 1.87 EPS for the current year.

About APi Group

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.