APi Group Co. (NYSE:APG) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 412.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,044,034 shares of the company's stock after buying an additional 840,452 shares during the period. Assenagon Asset Management S.A. owned 0.38% of APi Group worth $34,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Lecap Asset Management Ltd. purchased a new stake in APi Group during the 3rd quarter worth about $943,000. Allspring Global Investments Holdings LLC lifted its holdings in APi Group by 4.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company's stock worth $227,881,000 after buying an additional 324,544 shares during the last quarter. Raymond James & Associates lifted its holdings in APi Group by 20.2% during the 3rd quarter. Raymond James & Associates now owns 173,774 shares of the company's stock worth $5,738,000 after buying an additional 29,175 shares during the last quarter. Swedbank AB lifted its holdings in APi Group by 18.8% during the 3rd quarter. Swedbank AB now owns 2,209,000 shares of the company's stock worth $72,941,000 after buying an additional 349,000 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in APi Group during the 3rd quarter worth about $421,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the company's stock in a transaction dated 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 sale, the director now owns 5,678,779 shares of the company's stock, valued at $187,570,070.37. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Ian G. H. Ashken sold 150,000 shares of the business's 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Louis Lambert sold 6,333 shares of the business's stock in a transaction that occurred on 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 directly owns 8,100 shares of the company's stock, valued at approximately $262,845. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,358 shares of company stock valued at $11,653,157 over the last quarter. Corporate insiders own 16.40% of the company's stock.

APi Group Stock Performance

NYSE APG traded down $1.36 during trading on Friday, reaching $32.84. The company's stock had a trading volume of 2,195,637 shares, compared to its average volume of 1,717,465. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of -15.80 and a beta of 1.55. APi Group Co. has a twelve month low of $25.05 and a twelve month high of $39.98. The business's fifty day moving average price is $33.91 and its 200-day moving average price is $35.93. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.48.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on APG. Barclays decreased their price target on APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a report 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 for the company in a research report on Friday, August 2nd. Finally, Robert W. Baird cut their price target on 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $43.86.

APi Group 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.