APi Group Co. (NYSE:APG) Shares Purchased by M.D. Sass LLC

M.D. Sass LLC raised its position in APi Group Co. (NYSE:APG) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,313,473 shares of the company’s stock after purchasing an additional 160,595 shares during the period. APi Group makes up about 5.7% of M.D. Sass LLC’s investment portfolio, making the stock its 7th biggest holding. M.D. Sass LLC owned about 0.84% of APi Group worth $76,391,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Cetera Advisors LLC increased its position in shares of APi Group by 1.1% in the 1st quarter. Cetera Advisors LLC now owns 27,242 shares of the company’s stock valued at $1,070,000 after buying an additional 287 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of APi Group by 0.3% in the second quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company’s stock worth $4,091,000 after acquiring an additional 323 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of APi Group by 4.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock worth $278,000 after purchasing an additional 333 shares during the period. J.Safra Asset Management Corp raised its position in shares of APi Group by 21.5% during the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock worth $79,000 after purchasing an additional 373 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of APi Group by 2.1% during the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock valued at $755,000 after purchasing an additional 406 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Down 2.0 %

APi Group stock traded down $0.78 during mid-day trading on Tuesday, reaching $37.47. The company’s stock had a trading volume of 117,003 shares, compared to its average volume of 1,705,255. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group Co. has a 12 month low of $29.75 and a 12 month high of $39.98. The business’s 50 day simple moving average is $34.46 and its 200 day simple moving average is $35.52. The company has a market capitalization of $10.30 billion, a price-to-earnings ratio of -19.42 and a beta of 1.54.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share 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 analysts’ expectations of $1.87 billion. During the same quarter last year, the company earned $0.48 EPS. APi Group’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, research analysts anticipate that APi Group Co. will post 1.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Royal Bank of Canada restated a “sector perform” rating and set a $45.00 price objective on shares of APi Group in a report on Friday, November 1st. Barclays upped their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird dropped their price target on APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Insiders Place Their Bets

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

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.