Natixis Advisors LLC Sells 317,908 Shares of APi Group Co. (NYSE:APG)

Natixis Advisors LLC reduced its position in shares of APi Group Co. (NYSE:APG - Free Report) by 60.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 206,987 shares of the company's stock after selling 317,908 shares during the period. Natixis Advisors LLC owned 0.08% of APi Group worth $7,789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APG. Janus Henderson Group PLC increased its position in APi Group by 6,312.4% in the 1st quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company's stock worth $191,822,000 after buying an additional 4,808,536 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in APi Group in the 4th quarter valued at $159,751,000. Blackstone Inc. bought a new stake in APi Group in the 1st quarter valued at $139,191,000. Gates Capital Management Inc. acquired a new stake in APi Group in the 4th quarter worth $111,729,000. Finally, Capital Research Global Investors raised its position in shares of APi Group by 271.2% during the first quarter. Capital Research Global Investors now owns 4,321,383 shares of the company's stock valued at $169,701,000 after buying an additional 3,157,283 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Trading Down 0.8 %

APG stock traded down $0.26 during midday trading on Friday, reaching $32.82. The company's stock had a trading volume of 1,165,690 shares, compared to its average volume of 1,706,522. The business's 50-day simple moving average is $35.62 and its 200-day simple moving average is $36.95. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 1.00. APi Group Co. has a 52 week low of $24.61 and a 52 week high of $39.98. The stock has a market cap of $9.00 billion, a PE ratio of -15.27, a price-to-earnings-growth ratio of 1.04 and a beta of 1.56.

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 analysts' consensus estimates of $0.47 by $0.02. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.79 billion. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The firm's revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. As a group, sell-side analysts expect that APi Group Co. will post 1.87 EPS for the current year.

Analyst Ratings Changes

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

Insider Activity at APi Group

In other news, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction on Monday, August 5th. The shares were sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the transaction, the director now directly owns 5,678,779 shares of the company's stock, valued at $187,570,070.37. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the firm's stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the sale, the director now directly owns 5,678,779 shares in the company, valued at approximately $187,570,070.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Louis Lambert sold 5,679 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $36.04, for a total transaction of $204,671.16. Following the completion of the transaction, the senior vice president now owns 2,421 shares of the company's stock, valued at approximately $87,252.84. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,292,140 shares of company stock worth $86,113,640. 16.40% of the stock is currently owned by company insiders.

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.