KBC Group NV Acquires 721 Shares of APi Group Co. (NYSE:APG)

KBC Group NV increased its holdings in APi Group Co. (NYSE:APG) by 14.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,601 shares of the company’s stock after buying an additional 721 shares during the period. KBC Group NV’s holdings in APi Group were worth $185,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Janus Henderson Group PLC raised its position 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 buying an additional 4,808,536 shares in the last quarter. Blackstone Inc. bought a new position in shares of APi Group in the first quarter worth approximately $139,191,000. Capital Research Global Investors raised its stake 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 purchasing an additional 3,157,283 shares in the last quarter. Cooke & Bieler LP lifted its position in APi Group by 218.9% during the second quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company’s stock valued at $108,545,000 after purchasing an additional 1,979,931 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in APi Group by 39.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,443,315 shares of the company’s stock worth $253,030,000 after buying an additional 1,826,227 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on APG shares. JPMorgan Chase & Co. lowered their price objective on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird cut their price objective on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. 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. Finally, Barclays increased 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the transaction, the director now owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. This represents a 1.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total value of $1,986,113.16. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,115 shares of company stock worth $2,618,569 over the last 90 days. 18.20% of the stock is currently owned by company insiders.

APi Group Trading Up 0.7 %

APG stock opened at $36.00 on Thursday. The company has a market capitalization of $9.89 billion, a PE ratio of -18.27 and a beta of 1.54. The firm’s 50-day moving average is $34.27 and its 200 day moving average is $35.54. APi Group Co. has a 12 month low of $29.38 and a 12 month high of $39.98. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The firm 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 company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. On average, research analysts anticipate that APi Group Co. will post 1.86 EPS for the current 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.