Raymond James & Associates Has $5.74 Million Stock Position in APi Group Co. (NYSE:APG)

Raymond James & Associates grew its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 20.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,774 shares of the company's stock after buying an additional 29,175 shares during the quarter. Raymond James & Associates owned 0.06% of APi Group worth $5,738,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in APG. Cetera Advisors LLC boosted its stake in APi Group by 1.1% during the 1st quarter. Cetera Advisors LLC now owns 27,242 shares of the company's stock valued at $1,070,000 after acquiring an additional 287 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of APi Group by 0.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company's stock valued at $4,091,000 after purchasing an additional 323 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of APi Group by 4.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company's stock worth $278,000 after purchasing an additional 333 shares during the last quarter. J.Safra Asset Management Corp grew its stake in APi Group by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company's stock worth $79,000 after purchasing an additional 373 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in APi Group by 2.1% in the second quarter. AQR Capital Management LLC now owns 20,059 shares of the company's stock worth $755,000 after purchasing an additional 406 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Robert W. Baird cut their price objective on APi Group from $43.00 to $42.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. Royal Bank of Canada reissued a "sector perform" rating and set a $45.00 price target on shares of APi Group in a research report on Friday. JPMorgan Chase & Co. decreased their price objective 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 target price on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a research note on Monday, August 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $43.86.

Insider Transactions at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the business's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the sale, the director now directly owns 5,678,779 shares in the company, valued at approximately $187,570,070.37. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, 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 transaction, the senior vice president now directly owns 8,100 shares of the company's stock, valued at approximately $262,845. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction on Monday, August 5th. The shares were sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the sale, the director now directly owns 5,678,779 shares of the company's stock, valued at $187,570,070.37. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 340,358 shares of company stock worth $11,653,157. Company insiders own 18.20% of the company's stock.

APi Group Stock Performance

NYSE APG traded up $1.20 during trading hours on Friday, hitting $35.34. The company had a trading volume of 2,693,056 shares, compared to its average volume of 1,724,475. 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 firm has a market cap of $9.71 billion, a P/E ratio of -17.24 and a beta of 1.55. APi Group Co. has a fifty-two week low of $25.51 and a fifty-two week high of $39.98. The business has a fifty day simple moving average of $33.76 and a 200-day simple moving average of $35.70.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting analysts' consensus estimates of $0.51. The business had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.87 billion. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. Equities analysts predict that APi Group Co. will post 1.86 EPS for the current 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.