Algert Global LLC Grows Stock Holdings in APi Group Co. (NYSE:APG)

Algert Global LLC raised its holdings in shares of APi Group Co. (NYSE:APGFree Report) by 83.5% in the third quarter, Holdings Channel reports. The institutional investor owned 36,266 shares of the company’s stock after acquiring an additional 16,500 shares during the period. Algert Global LLC’s holdings in APi Group were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new position in APi Group in the third quarter worth approximately $26,000. Avior Wealth Management LLC purchased a new stake in shares of APi Group in the third quarter worth $33,000. J.Safra Asset Management Corp increased its stake in shares of APi Group by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock worth $79,000 after purchasing an additional 373 shares in the last quarter. Triad Wealth Partners LLC purchased a new stake in shares of APi Group in the second quarter worth $132,000. Finally, SG Americas Securities LLC purchased a new stake in shares of APi Group in the third quarter worth $165,000. 86.62% of the stock is currently owned by institutional investors.

Insider Transactions at APi Group

In related news, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction dated 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 sale, the director now owns 5,478,779 shares in the company, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the sale, the director now owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on APG. JPMorgan Chase & Co. reduced their price objective 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. Robert W. Baird raised their target price on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 target price on shares of APi Group in a research note on Friday, November 1st. Finally, Barclays raised their target price on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.71.

Check Out Our Latest Report on APG

APi Group Stock Performance

Shares of NYSE:APG opened at $37.55 on Friday. APi Group Co. has a 52 week low of $29.75 and a 52 week high of $39.98. The stock has a market capitalization of $10.32 billion, a P/E ratio of -19.06 and a beta of 1.54. The firm has a fifty day simple moving average of $34.61 and a two-hundred day simple moving average of $35.56. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

APi Group (NYSE:APGGet Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations 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 last year, the company posted $0.48 EPS. On average, analysts expect that APi Group Co. will post 1.86 earnings per share for the current fiscal year.

APi Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for APi Group (NYSE:APG)

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