Lecap Asset Management Ltd. Takes Position in APi Group Co. (NYSE:APG)

Lecap Asset Management Ltd. bought a new stake in shares of APi Group Co. (NYSE:APG - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 28,550 shares of the company's stock, valued at approximately $943,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Park Avenue Securities LLC purchased a new position in shares of APi Group during the 1st quarter worth about $296,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of APi Group during the first quarter valued at approximately $884,000. Artemis Investment Management LLP bought a new position in shares of APi Group during the first quarter valued at approximately $60,217,000. Principal Financial Group Inc. increased its stake in APi Group by 298.9% in the first quarter. Principal Financial Group Inc. now owns 99,431 shares of the company's stock worth $3,905,000 after purchasing an additional 74,503 shares during the period. Finally, Findlay Park Partners LLP increased its stake in APi Group by 39.1% in the 1st quarter. Findlay Park Partners LLP now owns 5,193,748 shares of the company's stock worth $203,958,000 after buying an additional 1,459,000 shares during the period. Hedge funds and other institutional investors own 86.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on APG. Robert W. Baird reduced their price target on shares of APi Group from $43.00 to $42.00 and set an "outperform" rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. reduced their target price on shares of APi Group from $37.00 to $34.00 and set a "neutral" rating for the company in a report on Friday, August 2nd. Finally, Barclays lowered their price target 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.86.

Insider Buying and Selling at APi Group

In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 14,267,479 shares of the company's stock, valued at approximately $503,071,309.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Ian G. H. Ashken sold 150,000 shares of the business's stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $33.03, for a total value of $4,954,500.00. Following the completion of the transaction, the director now owns 5,678,779 shares of the company's stock, valued at $187,570,070.37. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Martin E. Franklin sold 178,346 shares of the firm's stock in a transaction dated 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 sale, the director now directly 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. In the last 90 days, insiders have sold 340,358 shares of company stock worth $11,653,157. 16.40% of the stock is currently owned by insiders.

APi Group Stock Performance

APG stock traded up $0.60 during trading on Thursday, reaching $34.18. The company had a trading volume of 2,344,173 shares, compared to its average volume of 1,715,145. The company has a market cap of $9.37 billion, a price-to-earnings ratio of -15.82 and a beta of 1.55. APi Group Co. has a twelve month low of $24.98 and a twelve month high of $39.98. 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 50-day simple moving average of $33.92 and a 200-day simple moving average of $35.94.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.49 EPS for the quarter, topping 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 business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, sell-side analysts expect that APi Group Co. will post 1.86 earnings per share for the current 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.