WCM Investment Management LLC Trims Stock Holdings in APi Group Co. (NYSE:APG)

WCM Investment Management LLC reduced its position in shares of APi Group Co. (NYSE:APG - Free Report) by 13.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,009,972 shares of the company's stock after selling 158,780 shares during the period. WCM Investment Management LLC owned approximately 0.37% of APi Group worth $33,975,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. J.Safra Asset Management Corp lifted its stake in shares of APi Group by 81.3% in the 1st quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company's stock valued at $68,000 after acquiring an additional 776 shares during the last quarter. Motco bought a new position in shares of APi Group in the 1st quarter valued at $83,000. Triad Wealth Partners LLC bought a new position in shares of APi Group in the 2nd quarter valued at $132,000. SG Americas Securities LLC bought a new position in shares of APi Group in the 3rd quarter valued at $165,000. Finally, Ellenbecker Investment Group lifted its stake in shares of APi Group by 8.3% in the 2nd quarter. Ellenbecker Investment Group now owns 5,625 shares of the company's stock valued at $212,000 after acquiring an additional 433 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Down 0.6 %

Shares of APG traded down $0.23 during trading hours on Monday, hitting $36.87. The stock had a trading volume of 786,031 shares, compared to its average volume of 1,724,975. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The firm has a 50 day simple moving average of $33.85 and a 200-day simple moving average of $35.62. The firm has a market capitalization of $10.13 billion, a P/E ratio of -18.96 and a beta of 1.54. APi Group Co. has a 1-year low of $27.70 and a 1-year high of $39.98.

APi Group (NYSE:APG - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the business posted $0.48 EPS. The firm's revenue for the quarter was up 2.4% compared to the same quarter last year. Sell-side analysts predict that APi Group Co. will post 1.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on APG shares. Barclays raised 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 lowered their target price on APi Group from $43.00 to $42.00 and set an "outperform" rating for the company in a research report on Friday, August 2nd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $45.00 target price on shares of APi Group in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. decreased their price target on APi Group from $37.00 to $34.00 and set a "neutral" rating for the company in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.00.

Insider Activity at APi Group

In related news, Director Martin E. Franklin sold 178,346 shares of the firm'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 of the company's stock, valued at approximately $503,071,309.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other APi Group news, Director Martin E. Franklin sold 178,346 shares of APi Group stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the transaction, the director now owns 14,267,479 shares of the company's stock, valued at $503,071,309.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Louis Lambert sold 5,679 shares of APi Group stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction of $204,671.16. Following 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 position. The disclosure for this sale can be found here. 18.20% of the stock is owned by insiders.

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.