Allspring Global Investments Holdings LLC Increases Stock Holdings in APi Group Co. (NYSE:APG)

Allspring Global Investments Holdings LLC boosted its position in APi Group Co. (NYSE:APG - Free Report) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,901,296 shares of the company's stock after purchasing an additional 324,544 shares during the period. Allspring Global Investments Holdings LLC owned about 2.52% of APi Group worth $227,881,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in APG. Whittier Trust Co. boosted its holdings in shares of APi Group by 100.9% during the 1st quarter. Whittier Trust Co. now owns 1,497 shares of the company's stock valued at $59,000 after purchasing an additional 752 shares during the last quarter. J.Safra Asset Management Corp increased its stake in shares of APi Group by 81.3% during the first quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company's stock valued at $68,000 after buying an additional 776 shares during the period. Motco purchased a new stake in shares of APi Group in the 1st quarter worth approximately $83,000. Triad Wealth Partners LLC purchased a new stake in APi Group during the second quarter worth $132,000. Finally, SG Americas Securities LLC purchased a new position in APi Group in the third quarter valued at about $165,000. Hedge funds and other institutional investors own 86.62% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on APG. JPMorgan Chase & Co. lowered their price objective 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. Barclays decreased their price objective on 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 dropped their price target on shares of APi Group from $43.00 to $42.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.86.

Insider Buying and Selling

In related news, SVP Louis Lambert sold 5,679 shares of the business'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 transaction of $204,671.16. Following the completion of the sale, the senior vice president now owns 2,421 shares in the company, valued at $87,252.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other APi Group news, SVP Louis Lambert sold 5,679 shares of the company'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 transaction 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Martin E. Franklin sold 178,346 shares of the business's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the transaction, the director now owns 14,267,479 shares in the company, valued at approximately $503,071,309.54. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 340,358 shares of company stock worth $11,653,157. Company insiders own 16.40% of the company's stock.

APi Group Trading Down 0.1 %

NYSE:APG traded down $0.02 on Friday, reaching $33.99. The company's stock had a trading volume of 700,583 shares, compared to its average volume of 1,720,264. APi Group Co. has a 12-month low of $24.61 and a 12-month high of $39.98. The stock has a 50 day moving average price of $33.90 and a 200 day moving average price of $36.03. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of -15.81 and a beta of 1.55. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 1.00.

APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the firm earned $0.41 EPS. APi Group's revenue was down 2.3% on a year-over-year basis. On average, equities analysts anticipate that APi Group Co. will post 1.86 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.