Victory Capital Management Inc. Has $4.91 Million Position in APi Group Co. (NYSE:APG)

Victory Capital Management Inc. trimmed its holdings in APi Group Co. (NYSE:APG - Free Report) by 15.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,758 shares of the company's stock after selling 27,563 shares during the quarter. Victory Capital Management Inc. owned about 0.05% of APi Group worth $4,912,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its position in APi Group by 6,312.4% in the first quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company's stock worth $191,822,000 after acquiring an additional 4,808,536 shares in the last quarter. Blackstone Inc. acquired a new position in shares of APi Group during the 1st quarter valued at about $139,191,000. Cooke & Bieler LP boosted its position in APi Group by 218.9% during the second quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company's stock worth $108,545,000 after purchasing an additional 1,979,931 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of APi Group by 39.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,443,315 shares of the company's stock worth $253,030,000 after buying an additional 1,826,227 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of APi Group during the 2nd quarter worth $67,412,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at APi Group

In other news, Director Ian G. H. Ashken sold 53,868 shares of the company's stock in a transaction 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 transaction, the director now owns 5,478,779 shares of the company's stock, valued at $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Louis Lambert sold 5,679 shares of the firm's 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 $87,252.84. This trade represents a 70.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,115 shares of company stock valued at $2,618,569 over the last ninety days. 18.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on APG shares. Barclays raised their price target on APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. Royal Bank of Canada reissued a "sector perform" rating and issued a $45.00 price target on shares of APi Group in a report on Friday, November 1st. Robert W. Baird reduced their target price on shares of 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, JPMorgan Chase & Co. lowered their price target on APi Group from $37.00 to $34.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $44.00.

APi Group Stock Up 0.0 %

APG stock traded up $0.01 during trading on Friday, hitting $37.01. 1,429,395 shares of the stock traded hands, compared to its average volume of 1,681,786. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group Co. has a one year low of $29.75 and a one year high of $39.98. The company has a 50 day simple moving average of $34.38 and a 200 day simple moving average of $35.55.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting analysts' consensus estimates of $0.51. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. APi Group's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 EPS. On average, equities research analysts expect 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.