Capital Investment Services of America Inc. Takes Position in APi Group Co. (NYSE:APG)

Capital Investment Services of America Inc. acquired a new position in shares of APi Group Co. (NYSE:APG - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 301,072 shares of the company's stock, valued at approximately $9,941,000. Capital Investment Services of America Inc. owned 0.11% of APi Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Swedbank AB grew its position in shares of APi Group by 21.1% during the 2nd quarter. Swedbank AB now owns 1,860,000 shares of the company's stock worth $69,992,000 after buying an additional 324,000 shares during the period. Duality Advisers LP acquired a new position in APi Group during the first quarter valued at approximately $1,447,000. Vanguard Group Inc. increased its stake in APi Group by 5.0% in the first quarter. Vanguard Group Inc. now owns 21,822,007 shares of the company's stock valued at $856,950,000 after purchasing an additional 1,031,564 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in APi Group by 192.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company's stock worth $2,121,000 after purchasing an additional 35,520 shares during the period. Finally, Orion Portfolio Solutions LLC acquired a new stake in APi Group in the first quarter worth $1,422,000. Institutional investors own 86.62% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on APG. JPMorgan Chase & Co. lowered their price objective on shares of 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 cut their price objective on APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a report on Monday, August 5th. Robert W. Baird lowered their target price on APi Group from $43.00 to $42.00 and set an "outperform" rating for the company in a research note on Friday, August 2nd. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $45.00 price target on shares of APi Group in a report on Friday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, APi Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.86.

APi Group Stock Down 0.3 %

NYSE APG traded down $0.09 during trading hours on Monday, hitting $35.25. 2,959,010 shares of the company traded hands, compared to its average volume of 1,730,271. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of -18.06 and a beta of 1.54. APi Group Co. has a twelve month low of $26.65 and a twelve month high of $39.98. The business's 50-day moving average is $33.76 and its 200-day moving average is $35.66. 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 issued its earnings results 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 the consensus estimate of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 35.88%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 earnings per share. Sell-side analysts anticipate that APi Group Co. will post 1.86 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Louis Lambert sold 5,679 shares of the firm'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 value 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Martin E. Franklin sold 178,346 shares of the company's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total value 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 represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Louis Lambert sold 5,679 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $36.04, for a total transaction of $204,671.16. Following the completion of the transaction, the senior vice president now directly owns 2,421 shares in the company, valued at approximately $87,252.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by corporate insiders.

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.