Royal London Asset Management Ltd. Has $4.85 Million Position in APi Group Co. (NYSE:APG)

Royal London Asset Management Ltd. boosted its position in shares of APi Group Co. (NYSE:APG - Free Report) by 57.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,861 shares of the company's stock after buying an additional 53,364 shares during the period. Royal London Asset Management Ltd. owned approximately 0.05% of APi Group worth $4,849,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new position in shares of APi Group in the third quarter worth about $26,000. Avior Wealth Management LLC bought a new position in shares of APi Group in the third quarter worth about $33,000. J.Safra Asset Management Corp lifted its holdings in shares of 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 acquiring an additional 373 shares during the last quarter. Triad Wealth Partners LLC bought a new position in shares of APi Group in the second quarter worth about $132,000. Finally, SG Americas Securities LLC bought a new position in shares of APi Group in the third quarter worth about $165,000. Institutional investors own 86.62% of the company's stock.

Insider Transactions at APi Group

In related news, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the sale, the director now owns 1,134,635 shares of the company's stock, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the sale, the director now directly owns 5,478,779 shares of the company's stock, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.20% of the company's stock.

APi Group Trading Up 1.6 %

NYSE:APG traded up $0.60 on Monday, reaching $39.20. 1,544,146 shares of the stock traded hands, compared to its average volume of 1,689,516. The firm has a market capitalization of $10.77 billion, a price-to-earnings ratio of -19.90 and a beta of 1.55. APi Group Co. has a 1-year low of $30.26 and a 1-year high of $40.89. 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's 50 day moving average is $35.11 and its 200-day moving average is $35.61.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $1.83 billion during 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 33.89%. The company's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. Equities research analysts anticipate that APi Group Co. will post 1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Robert W. Baird raised their price objective on shares of APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, November 26th. Barclays raised their price objective on shares of APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. William Blair reiterated an "outperform" rating on shares of APi Group in a report on Thursday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $45.00 price objective on shares of APi Group in a report on Friday, November 1st. Finally, Citigroup raised their price objective on shares of APi Group from $42.00 to $45.00 and gave the company a "buy" rating in a report on Monday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, APi Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.43.

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.