Victory Capital Management Inc. Sells 23,031 Shares of APi Group Co. (NYSE:APG)

Victory Capital Management Inc. decreased its position in APi Group Co. (NYSE:APG - Free Report) by 11.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 176,321 shares of the company's stock after selling 23,031 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of APi Group worth $6,635,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in APi Group by 10.2% in the fourth 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 increased its position in APi Group by 21.1% in the second quarter. Swedbank AB now owns 1,860,000 shares of the company's stock worth $69,992,000 after buying an additional 324,000 shares in the last quarter. Duality Advisers LP purchased a new stake in APi Group in the first quarter worth about $1,447,000. Capital World Investors increased its position in APi Group by 794.6% in the fourth 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 in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in APi Group by 192.7% in the first 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. Institutional investors own 86.62% of the company's stock.

Insider Buying and Selling at APi Group

In other news, SVP Louis Lambert sold 5,679 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the sale, the senior vice president now directly owns 2,421 shares of the company's stock, valued at approximately $87,252.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Martin E. Franklin sold 178,346 shares of the firm's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total value of $6,288,479.96. Following the completion of the sale, the director now directly owns 14,267,479 shares of the company's stock, valued at approximately $503,071,309.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Louis Lambert sold 5,679 shares of the firm'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 value of $204,671.16. Following the completion of 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 340,358 shares of company stock worth $11,653,157 in the last quarter. 16.40% of the stock is owned by corporate insiders.

APi Group Price Performance

Shares of NYSE:APG traded down $0.02 during trading on Monday, hitting $34.45. 815,434 shares of the company's stock were exchanged, compared to its average volume of 1,682,718. 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 Co. has a 52-week low of $24.61 and a 52-week high of $39.98. The business's 50-day simple moving average is $35.30 and its 200 day simple moving average is $36.90. The company has a market cap of $9.45 billion, a price-to-earnings ratio of -16.01, a PEG ratio of 0.99 and a beta of 1.56.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $1.73 billion during the quarter, compared to analysts' expectations 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 for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. As a group, equities analysts predict that APi Group Co. will post 1.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on APG. Barclays reduced their price target on APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday, August 5th. Robert W. Baird reduced their price target 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. Finally, JPMorgan Chase & Co. cut their target price on APi Group from $37.00 to $34.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.86.

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.