301,072 Shares in APi Group Co. (NYSE:APG) Acquired by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. acquired a new position in shares of APi Group Co. (NYSE:APG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 301,072 shares of the company’s stock, valued at approximately $9,941,000. Capital Investment Services of America Inc. owned 0.11% of APi Group as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Whittier Trust Co. boosted its position in shares of APi Group by 100.9% in the first quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock worth $59,000 after buying an additional 752 shares during the period. J.Safra Asset Management Corp lifted its position in shares of APi Group by 81.3% during the first quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock worth $68,000 after purchasing an additional 776 shares during the last quarter. Motco bought a new position in shares of APi Group during the first quarter worth about $83,000. Triad Wealth Partners LLC bought a new stake in APi Group in the second quarter valued at about $132,000. Finally, SG Americas Securities LLC acquired a new stake in APi Group during the third quarter valued at approximately $165,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Price Performance

Shares of NYSE:APG traded up $0.24 during trading on Monday, reaching $35.58. The company had a trading volume of 345,644 shares, compared to its average volume of 1,718,001. APi Group Co. has a twelve month low of $26.65 and a twelve month high of $39.98. The firm has a market capitalization of $9.77 billion, a PE ratio of -17.94 and a beta of 1.54. The firm’s fifty day moving average is $33.76 and its 200 day moving average is $35.66. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.48.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 35.88%. APi Group’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share. On average, equities analysts forecast that APi Group Co. will post 1.86 EPS for the current year.

Insider Activity

In related news, SVP Louis Lambert sold 5,679 shares of APi Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $36.04, for a total value of $204,671.16. Following the transaction, the senior vice president now directly owns 2,421 shares in the company, valued at $87,252.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 14,267,479 shares in the company, 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 SEC, which is available through this hyperlink. Also, SVP Louis Lambert sold 5,679 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were 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 $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. Insiders own 18.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on APG. Robert W. Baird lowered their price target on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. decreased their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” 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 price target on shares of APi Group in a report on Friday. Finally, Barclays decreased their price objective on APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, APi Group has an average rating of “Moderate Buy” and an average target price of $43.86.

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.