Asset Management One Co. Ltd. Boosts Holdings in APi Group Co. (NYSE:APG)

Asset Management One Co. Ltd. grew its holdings in shares of APi Group Co. (NYSE:APG) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,493 shares of the company’s stock after acquiring an additional 1,095 shares during the quarter. Asset Management One Co. Ltd.’s holdings in APi Group were worth $2,394,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in APG. Janus Henderson Group PLC grew its holdings in shares of APi Group by 6,312.4% in the first quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company’s stock worth $191,822,000 after purchasing an additional 4,808,536 shares during the last quarter. Blackstone Inc. bought a new stake in APi Group in the first quarter valued at $139,191,000. Capital Research Global Investors boosted its holdings in APi Group by 271.2% in the first quarter. Capital Research Global Investors now owns 4,321,383 shares of the company’s stock valued at $169,701,000 after acquiring an additional 3,157,283 shares in the last quarter. Cooke & Bieler LP boosted its holdings in APi Group by 218.9% in the second quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company’s stock valued at $108,545,000 after acquiring an additional 1,979,931 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in APi Group by 39.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,443,315 shares of the company’s stock valued at $253,030,000 after acquiring an additional 1,826,227 shares in the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the business’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 owns 14,267,479 shares of the company’s stock, valued at approximately $503,071,309.54. The trade was 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 hyperlink. In other news, Director Martin E. Franklin sold 178,346 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the completion of the sale, the director now owns 14,267,479 shares of the company’s stock, valued at $503,071,309.54. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Louis Lambert sold 5,679 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $36.04, for a total transaction of $204,671.16. Following the sale, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at $87,252.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price target 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. Barclays boosted their target price on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Robert W. Baird dropped 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, Royal Bank of Canada restated a “sector perform” rating and set a $45.00 target price on shares of APi Group in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $44.00.

APi Group Price Performance

APG opened at $37.10 on Friday. The stock has a 50-day moving average price of $33.85 and a 200-day moving average price of $35.65. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The firm has a market cap of $10.19 billion, a PE ratio of -18.83 and a beta of 1.54. APi Group Co. has a 1 year low of $27.06 and a 1 year high of $39.98.

APi Group (NYSE:APG) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm earned $0.48 EPS. APi Group’s revenue was up 2.4% on a year-over-year basis. Sell-side analysts predict that APi Group Co. will post 1.86 earnings per share 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.