Principal Financial Group Inc. Purchases 2,302 Shares of APi Group Co. (NYSE:APG)

Principal Financial Group Inc. lifted its position in shares of APi Group Co. (NYSE:APG) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,733 shares of the company’s stock after purchasing an additional 2,302 shares during the period. Principal Financial Group Inc.’s holdings in APi Group were worth $3,828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in APi Group by 17.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,669 shares of the company’s stock worth $1,305,000 after acquiring an additional 5,031 shares during the period. Verdence Capital Advisors LLC increased its stake in APi Group by 4.5% during the 2nd quarter. Verdence Capital Advisors LLC now owns 73,894 shares of the company’s stock worth $2,781,000 after acquiring an additional 3,177 shares during the period. Bank of New York Mellon Corp increased its stake in APi Group by 9.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 891,139 shares of the company’s stock worth $33,534,000 after acquiring an additional 73,573 shares during the period. Raymond James & Associates increased its stake in APi Group by 13.1% during the 2nd quarter. Raymond James & Associates now owns 144,599 shares of the company’s stock worth $5,441,000 after acquiring an additional 16,746 shares during the period. Finally, Triad Wealth Partners LLC bought a new position in APi Group during the 2nd quarter worth $132,000. Institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

APG has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird lowered their price objective 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. Finally, Barclays lowered their price objective on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note 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 data from MarketBeat, APi Group has an average rating of “Moderate Buy” and an average target price of $43.86.

Insider Activity at APi Group

In related news, major shareholder Global Investors Lp Viking sold 1,951,782 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $38.15, for a total transaction of $74,460,483.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Global Investors Lp Viking sold 1,951,782 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $38.15, for a total transaction of $74,460,483.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Louis Lambert sold 5,679 shares of the firm’s 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 sale, the senior vice president now directly owns 2,421 shares in the company, valued at approximately $87,252.84. The disclosure for this sale can be found here. Insiders have sold a total of 2,292,140 shares of company stock valued at $86,113,640 in the last 90 days. 16.40% of the stock is owned by corporate insiders.

APi Group Trading Down 0.0 %

Shares of APG stock opened at $32.73 on Wednesday. The stock’s fifty day moving average price is $35.47 and its two-hundred day moving average price is $36.93. The company has a market cap of $8.98 billion, a PE ratio of -15.22, a P/E/G ratio of 0.96 and a beta of 1.56. APi Group Co. has a fifty-two week low of $24.61 and a fifty-two week high of $39.98. 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 earnings results on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. Equities analysts predict that APi Group Co. will post 1.87 EPS for the current fiscal year.

APi Group Company 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.