APi Group Co. (NYSE:APG) Major Shareholder Global Investors Lp Viking Sells 1,951,782 Shares of Stock

APi Group Co. (NYSE:APG) major shareholder Global Investors Lp Viking sold 1,951,782 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $38.15, for a total value of $74,460,483.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

APi Group Trading Up 0.6 %

NYSE:APG opened at $38.57 on Wednesday. The company has a market cap of $10.58 billion, a P/E ratio of -17.94, a P/E/G ratio of 1.13 and a beta of 1.57. The stock’s fifty day moving average price is $37.35 and its two-hundred day moving average price is $35.68. APi Group Co. has a 1 year low of $24.61 and a 1 year high of $39.98. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.35 and a quick ratio of 1.26.

APi Group (NYSE:APG) last posted its earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.60 billion. APi Group had a return on equity of 37.83% and a net margin of 2.49%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 earnings per share. As a group, analysts expect that APi Group Co. will post 1.85 EPS for the current year.

Analyst Ratings Changes

APG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on APi Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Jefferies Financial Group started coverage on APi Group in a research note on Friday, March 15th. They issued a “buy” rating and a $48.00 price objective on the stock. Barclays upped their price objective on APi Group from $37.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, February 29th. UBS Group upped their price objective on APi Group from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, TheStreet downgraded APi Group from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.29.

Institutional Investors Weigh In On APi Group

Institutional investors have recently made changes to their positions in the stock. Cetera Advisors LLC increased its holdings in shares of APi Group by 1.1% in the first quarter. Cetera Advisors LLC now owns 27,242 shares of the company’s stock worth $1,070,000 after purchasing an additional 287 shares during the period. Jag Capital Management LLC increased its holdings in shares of APi Group by 3.3% in the fourth quarter. Jag Capital Management LLC now owns 9,521 shares of the company’s stock worth $329,000 after purchasing an additional 301 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in shares of APi Group by 4.9% in 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. Fifth Third Bancorp increased its holdings in shares of APi Group by 3.3% in the first quarter. Fifth Third Bancorp now owns 11,016 shares of the company’s stock worth $433,000 after purchasing an additional 357 shares during the period. Finally, Xponance Inc. increased its holdings in shares of APi Group by 2.9% in the fourth quarter. Xponance Inc. now owns 12,738 shares of the company’s stock worth $441,000 after purchasing an additional 365 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

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.