Oppenheimer Asset Management Inc. Has $3.29 Million Stock Position in APi Group Co. (NYSE:APG)

Oppenheimer Asset Management Inc. raised its stake in APi Group Co. (NYSE:APG - Free Report) by 60.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 99,647 shares of the company's stock after purchasing an additional 37,531 shares during the period. Oppenheimer Asset Management Inc.'s holdings in APi Group were worth $3,290,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of APG. Vanguard Group Inc. increased its holdings in shares of APi Group by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 21,822,007 shares of the company's stock valued at $856,950,000 after acquiring an additional 1,031,564 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of APi Group by 4.9% in 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. Price T Rowe Associates Inc. MD boosted its holdings in shares of APi Group by 39.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,443,315 shares of the company's stock valued at $253,030,000 after buying an additional 1,826,227 shares during the period. Janus Henderson Group PLC grew its position in shares of APi Group by 6,312.4% during the 1st quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company's stock valued at $191,822,000 after buying an additional 4,808,536 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in APi Group by 271.2% during the first quarter. Capital Research Global Investors now owns 4,321,383 shares of the company's stock worth $169,701,000 after acquiring an additional 3,157,283 shares during the period. Institutional investors and hedge funds own 86.62% of the company's stock.

Insider Activity

In other news, Director Ian G. H. Ashken sold 53,868 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the transaction, the director now directly owns 5,478,779 shares in the company, valued at $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin E. Franklin sold 178,346 shares of the firm's stock in a transaction on 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 completion of the sale, the director now owns 14,267,479 shares in the company, valued at $503,071,309.54. This represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 249,461 shares of company stock worth $8,907,049 in the last 90 days. Company insiders own 18.20% of the company's stock.

APi Group Price Performance

APG traded down $0.84 on Friday, reaching $35.37. The company had a trading volume of 1,460,103 shares, compared to its average volume of 1,724,933. The company has a market capitalization of $9.72 billion, a P/E ratio of -17.95 and a beta of 1.54. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The company has a fifty day moving average of $34.11 and a 200-day moving average of $35.57. APi Group Co. has a one year low of $28.97 and a one year high of $39.98.

APi Group (NYSE:APG - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 earnings per share. As a group, equities research analysts anticipate that APi Group Co. will post 1.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on APG shares. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $45.00 target price on shares of APi Group in a report on Friday, November 1st. Barclays increased their target price on APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of APi Group from $37.00 to $34.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $44.00.

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.