APi Group Co. (NYSE:APG) Shares Acquired by Select Equity Group L.P.

Select Equity Group L.P. lifted its holdings in APi Group Co. (NYSE:APG - Free Report) by 7.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,464,597 shares of the company's stock after buying an additional 173,544 shares during the quarter. Select Equity Group L.P. owned 0.90% of APi Group worth $92,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its position in shares of APi Group by 40.2% during the 2nd quarter. Mackenzie Financial Corp now owns 29,895 shares of the company's stock worth $1,125,000 after purchasing an additional 8,578 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of APi Group in the second quarter valued at about $2,155,000. Millennium Management LLC purchased a new stake in APi Group during the second quarter worth about $67,412,000. AQR Capital Management LLC boosted its holdings in APi Group by 2.1% during the second quarter. AQR Capital Management LLC now owns 20,059 shares of the company's stock worth $755,000 after buying an additional 406 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in APi Group during the second quarter worth about $682,000. Institutional investors and hedge funds own 86.62% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays decreased their price target on APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research note on Monday, August 5th. JPMorgan Chase & Co. decreased their target price on APi Group from $37.00 to $34.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Finally, Robert W. Baird dropped 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, APi Group presently has an average rating of "Moderate Buy" and an average target price of $43.86.

Insider Activity at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $33.03, for a total value of $4,954,500.00. Following the completion of the sale, the director now directly owns 5,678,779 shares of the company's stock, valued at approximately $187,570,070.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Louis Lambert sold 6,333 shares of the company's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $32.45, for a total transaction of $205,505.85. Following the completion of the transaction, the senior vice president now owns 8,100 shares of the company's stock, valued at approximately $262,845. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 150,000 shares of the firm's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the completion of the sale, the director now directly owns 5,678,779 shares in the company, valued at $187,570,070.37. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 340,358 shares of company stock valued at $11,653,157. Company insiders own 16.40% of the company's stock.

APi Group Stock Performance

NYSE APG opened at $33.96 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 1.00. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of -15.80 and a beta of 1.56. APi Group Co. has a fifty-two week low of $24.61 and a fifty-two week high of $39.98. The business has a fifty day moving average of $34.80 and a 200-day moving average of $36.70.

APi Group (NYSE:APG - Get Free Report) last released its earnings results 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. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.79 billion. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The firm's quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. As a group, analysts predict that APi Group Co. will post 1.86 earnings per share for the current fiscal year.

APi Group Company 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.

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