Robeco Schweiz AG Invests $29.61 Million in APi Group Co. (NYSE:APG)

Robeco Schweiz AG bought a new position in shares of APi Group Co. (NYSE:APG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 786,734 shares of the company's stock, valued at approximately $29,605,000. Robeco Schweiz AG owned 0.29% of APi Group at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in APi Group by 10.2% during the 4th quarter. Vanguard Group Inc. now owns 20,790,443 shares of the company's stock valued at $719,349,000 after acquiring an additional 1,930,059 shares during the period. Swedbank AB boosted its stake in shares of APi Group by 21.1% in the second quarter. Swedbank AB now owns 1,860,000 shares of the company's stock valued at $69,992,000 after purchasing an additional 324,000 shares during the period. Duality Advisers LP acquired a new position in shares of APi Group in the first quarter valued at approximately $1,447,000. Capital World Investors increased its stake in APi Group by 794.6% during the 4th quarter. Capital World Investors now owns 1,185,771 shares of the company's stock worth $41,028,000 after buying an additional 1,053,222 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in APi Group by 192.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company's stock worth $2,121,000 after buying an additional 35,520 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on APG shares. JPMorgan Chase & Co. dropped 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 note on Friday, August 2nd. Robert W. Baird lowered their target price on APi Group from $43.00 to $42.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Finally, Barclays cut their price target on APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, APi Group has an average rating of "Moderate Buy" and a consensus target price of $43.86.

Insider Activity at APi Group

In other APi Group news, major shareholder Global Investors Lp Viking sold 1,951,782 shares of the firm's stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $38.15, for a total transaction of $74,460,483.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Louis Lambert sold 6,333 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $32.45, for a total value of $205,505.85. Following the completion of the sale, the senior vice president now directly owns 8,100 shares of the company's stock, valued at $262,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Global Investors Lp Viking sold 1,951,782 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $38.15, for a total value of $74,460,483.30. The disclosure for this sale can be found here. Insiders sold a total of 2,292,140 shares of company stock valued at $86,113,640 over the last ninety days. Insiders own 16.40% of the company's stock.

APi Group Stock Up 1.4 %

Shares of APG traded up $0.48 during mid-day trading on Friday, reaching $34.51. The company's stock had a trading volume of 585,001 shares, compared to its average volume of 1,687,618. The company's 50 day moving average is $35.30 and its 200 day moving average is $36.88. The stock has a market cap of $9.47 billion, a PE ratio of -16.05, a price-to-earnings-growth ratio of 0.99 and a beta of 1.56. APi Group Co. has a 12-month low of $24.61 and a 12-month high of $39.98. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.38.

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