Creative Planning Sells 19,296 Shares of APi Group Co. (NYSE:APG)

Creative Planning cut its stake in APi Group Co. (NYSE:APG) by 39.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,709 shares of the company’s stock after selling 19,296 shares during the quarter. Creative Planning’s holdings in APi Group were worth $981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in APG. Swedbank AB boosted its holdings in shares of 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 buying an additional 324,000 shares during the last quarter. Duality Advisers LP bought a new stake in shares of APi Group during the first quarter valued at approximately $1,447,000. Vanguard Group Inc. increased its position in APi Group by 5.0% in the first quarter. Vanguard Group Inc. now owns 21,822,007 shares of the company’s stock worth $856,950,000 after purchasing an additional 1,031,564 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in 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 during the last quarter. Finally, Orion Portfolio Solutions LLC bought a new stake in APi Group in the first quarter worth $1,422,000. 86.62% of the stock is currently owned by institutional investors.

APi Group Stock Performance

APG opened at $35.34 on Friday. APi Group Co. has a 52-week low of $25.51 and a 52-week high of $39.98. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 1.00. The company has a market cap of $9.71 billion, a P/E ratio of -17.24 and a beta of 1.55. The firm’s 50-day moving average price is $33.76 and its 200-day moving average price is $35.70.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company earned $0.48 EPS. APi Group’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities analysts anticipate that APi Group Co. will post 1.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Martin E. Franklin sold 178,346 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the transaction, the director now owns 14,267,479 shares in the company, valued at $503,071,309.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other APi Group news, SVP Louis Lambert sold 6,333 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $32.45, for a total value of $205,505.85. Following the transaction, the senior vice president now directly owns 8,100 shares in the company, valued at $262,845. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Martin E. Franklin sold 178,346 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the completion of the transaction, the director now owns 14,267,479 shares in the company, valued at approximately $503,071,309.54. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,358 shares of company stock worth $11,653,157. Corporate insiders own 18.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on APG shares. Robert W. Baird reduced their price target on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Barclays cut their price objective on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $45.00 price objective on shares of APi Group in a research report on Friday. Finally, JPMorgan Chase & Co. lowered their target price 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.86.

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.