Wilmington Savings Fund Society FSB Invests $450,000 in APi Group Co. (NYSE:APG)

Wilmington Savings Fund Society FSB acquired a new position in APi Group Co. (NYSE:APG - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,642 shares of the company's stock, valued at approximately $450,000.

Several other hedge funds have also bought and sold shares of APG. Commonwealth Equity Services LLC lifted its stake in shares of APi Group by 0.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company's stock valued at $4,091,000 after purchasing an additional 323 shares during the period. AQR Capital Management LLC raised its position in shares of APi Group by 2.1% in the second quarter. AQR Capital Management LLC now owns 20,059 shares of the company's stock worth $755,000 after acquiring an additional 406 shares during the period. Equitable Trust Co. boosted its stake in shares of APi Group by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 20,325 shares of the company's stock worth $671,000 after acquiring an additional 446 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of APi Group by 0.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company's stock valued at $1,906,000 after acquiring an additional 450 shares during the period. Finally, KBC Group NV increased its stake in shares of APi Group by 14.8% in the 3rd quarter. KBC Group NV now owns 5,601 shares of the company's stock valued at $185,000 after purchasing an additional 721 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

APi Group Price Performance

Shares of NYSE:APG traded up $1.22 during midday trading on Tuesday, hitting $38.77. The company had a trading volume of 2,414,613 shares, compared to its average volume of 1,696,531. APi Group Co. has a twelve month low of $30.26 and a twelve month high of $40.89. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of -19.08 and a beta of 1.55. 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 business's 50-day simple moving average is $35.86 and its 200-day simple moving average is $35.72.

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

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the sale, the director now owns 1,134,635 shares in the company, valued at $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total value of $1,986,113.16. Following the transaction, the director now owns 5,478,779 shares of the company's stock, valued at approximately $202,002,581.73. This represents a 0.97 % 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 company insiders.

Wall Street Analyst Weigh In

APG has been the topic of a number of recent analyst reports. Citigroup increased their price target on APi Group from $42.00 to $45.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. William Blair reissued an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. Royal Bank of Canada restated a "sector perform" rating and set a $45.00 price objective on shares of APi Group in a research report on Friday, November 1st. Robert W. Baird lifted their target price on shares of APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, November 26th. Finally, Barclays upped their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.43.

APi Group 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.