54,000 Shares in APi Group Co. (NYSE:APG) Bought by Tredje AP fonden

Tredje AP fonden bought a new stake in APi Group Co. (NYSE:APG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 54,000 shares of the company's stock, valued at approximately $2,032,000.

Several other hedge funds also recently modified their holdings of the business. Cetera Advisors LLC boosted its stake in shares of APi Group by 1.1% in the 1st quarter. Cetera Advisors LLC now owns 27,242 shares of the company's stock valued at $1,070,000 after purchasing an additional 287 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in APi Group by 0.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company's stock worth $4,091,000 after acquiring an additional 323 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in APi Group by 4.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company's stock worth $278,000 after acquiring an additional 333 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in APi Group by 21.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company's stock worth $79,000 after acquiring an additional 373 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in APi Group by 43.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company's stock worth $44,000 after acquiring an additional 390 shares during the last quarter. Institutional investors own 86.62% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of APi Group from $37.00 to $34.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Robert W. Baird reduced their price objective on shares of APi Group from $43.00 to $42.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. Finally, Barclays dropped their target price 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $43.86.

Insider Activity

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 sale, the director now directly owns 14,267,479 shares in the company, valued at $503,071,309.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Martin E. Franklin sold 178,346 shares of the business's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the transaction, the director now directly owns 14,267,479 shares in the company, valued at $503,071,309.54. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Louis Lambert sold 6,333 shares of the business's stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.45, for a total transaction of $205,505.85. Following the transaction, the senior vice president now owns 8,100 shares in the company, valued at $262,845. The disclosure for this sale can be found here. Insiders have sold 340,358 shares of company stock worth $11,653,157 over the last ninety days. Insiders own 16.40% of the company's stock.

APi Group Stock Down 0.9 %

APG stock traded down $0.33 during mid-day trading on Friday, hitting $35.47. 282,080 shares of the company were exchanged, compared to its average volume of 1,666,436. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.48. The firm has a market cap of $9.73 billion, a P/E ratio of -16.65, a P/E/G ratio of 0.99 and a beta of 1.56. The firm's 50 day simple moving average is $35.14 and its 200 day simple moving average is $36.86. APi Group Co. has a 1-year low of $24.61 and a 1-year high of $39.98.

APi Group (NYSE:APG - Get Free Report) last posted 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 net margin of 2.81% and a return on equity of 36.53%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the company earned $0.41 earnings per share. The firm's revenue was down 2.3% compared to the same quarter last year. On average, sell-side analysts predict 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.