Wolverine Asset Management LLC Has $2.31 Million Position in APi Group Co. (NYSE:APG)

Wolverine Asset Management LLC cut its holdings in shares of APi Group Co. (NYSE:APG - Free Report) by 45.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,000 shares of the company's stock after selling 58,000 shares during the quarter. Wolverine Asset Management LLC's holdings in APi Group were worth $2,311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC increased its position in shares of APi Group by 6,312.4% during 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. purchased a new stake in shares of APi Group in the 1st quarter worth about $139,191,000. Capital Research Global Investors increased its stake in APi Group by 271.2% during the 1st quarter. Capital Research Global Investors now owns 4,321,383 shares of the company's stock valued at $169,701,000 after purchasing an additional 3,157,283 shares in the last quarter. Cooke & Bieler LP grew its stake in shares of APi Group by 218.9% in the second quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company's stock worth $108,545,000 after acquiring an additional 1,979,931 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in APi Group by 39.6% during the first 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. Institutional investors own 86.62% of the company's stock.

APi Group Price Performance

Shares of APG stock traded up $0.09 during mid-day trading on Tuesday, reaching $36.96. The stock had a trading volume of 2,159,544 shares, compared to its average volume of 1,726,970. APi Group Co. has a 12-month low of $27.70 and a 12-month high of $39.98. The company has a market cap of $10.16 billion, a P/E ratio of -18.72 and a beta of 1.54. The business has a 50-day simple moving average of $33.87 and a 200 day simple moving average of $35.61. 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 (NYSE:APG - Get Free Report) last issued its quarterly 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 firm 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%. The firm's quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the company earned $0.48 EPS. On average, sell-side analysts anticipate that APi Group Co. will post 1.86 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Martin E. Franklin sold 178,346 shares of the business'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 sale, the director now directly owns 14,267,479 shares of the company's stock, valued at $503,071,309.54. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the company's stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total value of $6,288,479.96. Following the completion of the transaction, the director now owns 14,267,479 shares of the company's stock, valued at $503,071,309.54. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Louis Lambert sold 5,679 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the transaction, the senior vice president now owns 2,421 shares in the company, valued at $87,252.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on APG. Robert W. Baird cut their price objective on shares of APi Group from $43.00 to $42.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $45.00 price target on shares of APi Group in a report on Friday, November 1st. JPMorgan Chase & Co. decreased their target price on APi Group from $37.00 to $34.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Finally, Barclays raised their price objective on APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $44.00.

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.