AQR Capital Management LLC Increases Holdings in APi Group Co. (NYSE:APG)

AQR Capital Management LLC raised its stake in shares of APi Group Co. (NYSE:APG) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,059 shares of the company’s stock after purchasing an additional 406 shares during the quarter. AQR Capital Management LLC’s holdings in APi Group were worth $755,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in APi Group by 10.2% during the 4th quarter. Vanguard Group Inc. now owns 20,790,443 shares of the company’s stock valued at $719,349,000 after buying an additional 1,930,059 shares in the last quarter. Swedbank AB raised its position in APi Group by 21.1% in the second quarter. Swedbank AB now owns 1,860,000 shares of the company’s stock worth $69,992,000 after acquiring an additional 324,000 shares during the period. Duality Advisers LP purchased a new stake in APi Group in the first quarter worth about $1,447,000. CANADA LIFE ASSURANCE Co increased its stake in shares of APi Group by 192.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company’s stock worth $2,121,000 after purchasing an additional 35,520 shares in the last quarter. Finally, Orion Portfolio Solutions LLC bought a new position in shares of APi Group in the first quarter worth about $1,422,000. 86.62% of the stock is owned by institutional investors.

Insider Transactions at APi Group

In related news, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $33.03, for a total value of $4,954,500.00. Following the transaction, the director now owns 5,678,779 shares in the company, valued at approximately $187,570,070.37. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the sale, the director now directly owns 5,678,779 shares of the company’s stock, valued at approximately $187,570,070.37. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Martin E. Franklin sold 178,346 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total value of $6,288,479.96. Following the completion of the transaction, the director now directly owns 14,267,479 shares of the company’s stock, valued at $503,071,309.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 340,358 shares of company stock worth $11,653,157. Insiders own 16.40% of the company’s stock.

Analyst Upgrades and Downgrades

APG has been the topic of several research reports. JPMorgan Chase & Co. reduced their target price on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. 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 report on Friday, August 2nd. Finally, Barclays lowered their price target on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.86.

APi Group Trading Up 1.9 %

Shares of NYSE APG opened at $33.15 on Monday. The company has a market cap of $9.09 billion, a price-to-earnings ratio of -15.42 and a beta of 1.55. APi Group Co. has a fifty-two week low of $24.61 and a fifty-two week high of $39.98. The business’s 50 day moving average price is $33.84 and its 200-day moving average price is $36.21. 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 data on Thursday, August 1st. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. APi Group’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, sell-side analysts expect that APi Group Co. will post 1.86 earnings per share for the current year.

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.