Bank of Montreal Can Invests $5.51 Million in APi Group Co. (NYSE:APG)

Bank of Montreal Can acquired a new stake in APi Group Co. (NYSE:APG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 163,912 shares of the company’s stock, valued at approximately $5,514,000. Bank of Montreal Can owned about 0.06% of APi Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new position in APi Group in the 3rd quarter valued at approximately $26,000. Avior Wealth Management LLC acquired a new position in APi Group in the 3rd quarter valued at approximately $33,000. J.Safra Asset Management Corp increased its position in APi Group by 21.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after acquiring an additional 373 shares during the period. Triad Wealth Partners LLC acquired a new position in APi Group in the 2nd quarter valued at approximately $132,000. Finally, SG Americas Securities LLC acquired a new position in APi Group in the 3rd quarter valued at approximately $165,000. Institutional investors own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 price target on shares of APi Group in a research report on Friday, November 1st. Barclays increased their price objective on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird increased their price objective on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.71.

APi Group Price Performance

APG opened at $37.65 on Wednesday. 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 company’s 50-day moving average is $34.80 and its 200 day moving average is $35.56. APi Group Co. has a fifty-two week low of $29.98 and a fifty-two week high of $39.98. The firm has a market capitalization of $10.35 billion, a P/E ratio of -19.11 and a beta of 1.55.

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

Insider Buying and Selling

In other news, 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 value of $427,784.64. Following the completion of the transaction, the director now owns 1,134,635 shares in the company, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction 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 APi Group stock in a transaction dated Wednesday, November 13th. The stock was 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 owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by corporate insiders.

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.