Resolute Capital Asset Partners LLC Has $6.59 Million Holdings in APi Group Co. (NYSE:APG)

Resolute Capital Asset Partners LLC reduced its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 18.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 175,000 shares of the company's stock after selling 40,000 shares during the quarter. APi Group comprises about 3.8% of Resolute Capital Asset Partners LLC's investment portfolio, making the stock its 8th largest holding. Resolute Capital Asset Partners LLC owned 0.06% of APi Group worth $6,585,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of APi Group by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 21,822,007 shares of the company's stock worth $856,950,000 after buying an additional 1,031,564 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in APi Group by 39.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,443,315 shares of the company's stock worth $253,030,000 after buying an additional 1,826,227 shares in the last quarter. Findlay Park Partners LLP lifted its position in shares of APi Group by 39.1% during the 1st quarter. Findlay Park Partners LLP now owns 5,193,748 shares of the company's stock valued at $203,958,000 after acquiring an additional 1,459,000 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of APi Group by 6,312.4% during the 1st quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company's stock valued at $191,822,000 after acquiring an additional 4,808,536 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of APi Group by 271.2% during the 1st quarter. Capital Research Global Investors now owns 4,321,383 shares of the company's stock worth $169,701,000 after acquiring an additional 3,157,283 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reduced 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. 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 report on Monday, August 5th. Finally, Robert W. Baird cut their price target on shares of APi Group from $43.00 to $42.00 and set an "outperform" rating on the stock in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $43.86.

Insider Activity

In related news, SVP Louis Lambert sold 5,679 shares of the company'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 completion of the sale, the senior vice president now directly owns 2,421 shares in the company, valued at $87,252.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Martin E. Franklin sold 178,346 shares of APi Group stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total value of $6,288,479.96. Following the transaction, the director now owns 14,267,479 shares of the company's stock, valued at $503,071,309.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Louis Lambert sold 5,679 shares of the company's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction 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. In the last 90 days, insiders have sold 340,358 shares of company stock worth $11,653,157. 16.40% of the stock is owned by corporate insiders.

APi Group Stock Up 3.1 %

APG stock traded up $1.08 during midday trading on Thursday, reaching $35.80. The company had a trading volume of 1,510,295 shares, compared to its average volume of 1,674,191. The company has a 50 day moving average of $35.14 and a two-hundred day moving average of $36.86. The company has a market capitalization of $9.82 billion, a P/E ratio of -16.65, a PEG ratio of 0.99 and a beta of 1.56. APi Group Co. has a 1 year low of $24.61 and a 1 year high of $39.98. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The firm had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter last year, the firm earned $0.41 earnings per share. The business's revenue for the quarter was down 2.3% on a year-over-year basis. On average, equities research analysts expect that APi Group Co. will post 1.87 earnings per share 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.