ProShare Advisors LLC Reduces Holdings in APi Group Co. (NYSE:APG)

ProShare Advisors LLC lowered its position in APi Group Co. (NYSE:APG) by 25.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,042 shares of the company’s stock after selling 9,571 shares during the quarter. ProShare Advisors LLC’s holdings in APi Group were worth $1,055,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its position in APi Group by 43.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock worth $44,000 after purchasing an additional 390 shares during the period. Whittier Trust Co. grew its stake in shares of APi Group by 100.9% during the first quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock valued at $59,000 after buying an additional 752 shares during the last quarter. J.Safra Asset Management Corp lifted its stake in shares of APi Group by 81.3% during the 1st quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock worth $68,000 after acquiring an additional 776 shares during the last quarter. Motco purchased a new position in APi Group during the 1st quarter valued at $83,000. Finally, Triad Wealth Partners LLC bought a new position in APi Group in the 2nd quarter valued at $132,000. Institutional investors own 86.62% of the company’s stock.

Insider Transactions at APi Group

In other APi Group news, SVP Louis Lambert sold 5,679 shares of APi Group stock in a transaction dated 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 owns 2,421 shares in the company, valued at $87,252.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Louis Lambert sold 5,679 shares of the 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 completion of the sale, the senior vice president now owns 2,421 shares of the company’s stock, valued at $87,252.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction on Monday, August 5th. The stock was sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the completion of the transaction, the director now directly owns 5,678,779 shares in the company, valued at $187,570,070.37. The disclosure for this sale can be found here. In the last three months, insiders sold 340,358 shares of company stock valued at $11,653,157. Corporate insiders own 16.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APG. JPMorgan Chase & Co. lowered 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 note on Friday, August 2nd. Barclays lowered their price objective on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, Robert W. Baird reduced their target price 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.86.

APi Group Trading Down 0.9 %

NYSE APG opened at $33.64 on Friday. APi Group Co. has a one year low of $24.61 and a one year 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. The company has a market capitalization of $9.23 billion, a price-to-earnings ratio of -15.65 and a beta of 1.56. The company’s 50-day simple moving average is $34.74 and its two-hundred day simple moving average is $36.65.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.79 billion. APi Group had a net margin of 2.81% and a return on equity of 36.53%. APi Group’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. Equities analysts forecast that APi Group Co. will post 1.86 EPS for the current fiscal year.

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.