APi Group Co. (NYSE:APG) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in shares of APi Group Co. (NYSE:APG) by 16.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 240,617 shares of the company’s stock after acquiring an additional 33,630 shares during the period. Natixis Advisors LLC’s holdings in APi Group were worth $7,945,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC lifted its holdings in APi Group by 23.3% during the third quarter. OneDigital Investment Advisors LLC now owns 7,516 shares of the company’s stock valued at $248,000 after purchasing an additional 1,421 shares in the last quarter. ING Groep NV purchased a new position in APi Group in the 3rd quarter valued at about $3,213,000. KBC Group NV lifted its stake in APi Group by 14.8% in the 3rd quarter. KBC Group NV now owns 5,601 shares of the company’s stock valued at $185,000 after buying an additional 721 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in APi Group by 60.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock worth $3,290,000 after buying an additional 37,531 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in APi Group during the 3rd quarter worth approximately $484,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insider Buying and Selling at APi Group

In other APi Group news, SVP Louis Lambert sold 5,679 shares of the business’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 in the company, valued at $87,252.84. This represents a 70.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the transaction, the director now directly owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,115 shares of company stock valued at $2,618,569 over the last quarter. 18.20% of the stock is owned by company insiders.

APi Group Stock Up 2.9 %

Shares of NYSE:APG opened at $37.03 on Friday. The company has a market capitalization of $10.17 billion, a price-to-earnings ratio of -18.80 and a beta of 1.54. APi Group Co. has a 12-month low of $29.49 and a 12-month high of $39.98. The business has a 50-day moving average price of $34.33 and a 200 day moving average price of $35.55. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a research report on Friday, November 1st. 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. Barclays boosted their price target on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird cut their price objective on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

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.