Nuveen Asset Management LLC Boosts Stake in APi Group Co. (NYSE:APG)

Nuveen Asset Management LLC raised its position in APi Group Co. (NYSE:APGGet Rating) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,055,397 shares of the company’s stock after buying an additional 16,441 shares during the period. Nuveen Asset Management LLC owned approximately 0.45% of APi Group worth $14,005,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in shares of APi Group by 14.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 10,103,986 shares of the company’s stock worth $134,078,000 after purchasing an additional 1,261,405 shares during the last quarter. FMR LLC lifted its position in shares of APi Group by 39.9% during the second quarter. FMR LLC now owns 6,710,445 shares of the company’s stock worth $100,456,000 after purchasing an additional 1,912,866 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of APi Group by 4.1% during the second quarter. Clearbridge Investments LLC now owns 6,450,611 shares of the company’s stock worth $96,566,000 after purchasing an additional 253,030 shares during the last quarter. State Street Corp lifted its position in shares of APi Group by 3.6% during the second quarter. State Street Corp now owns 3,979,750 shares of the company’s stock worth $59,577,000 after purchasing an additional 137,477 shares during the last quarter. Finally, ADW Capital Management LLC lifted its position in shares of APi Group by 1.9% during the first quarter. ADW Capital Management LLC now owns 3,100,000 shares of the company’s stock worth $65,193,000 after purchasing an additional 57,000 shares during the last quarter. 72.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APG. UBS Group increased their price objective on shares of APi Group to $24.00 in a research note on Monday, November 21st. TheStreet upgraded shares of APi Group from a “c+” rating to a “b” rating in a research note on Friday, November 25th. Royal Bank of Canada raised their price target on shares of APi Group from $22.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 1st. Citigroup raised their price target on shares of APi Group from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, March 1st. Finally, Barclays raised their price target on shares of APi Group from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, March 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.67.

APi Group Trading Down 1.7 %

APi Group stock opened at $23.71 on Tuesday. The firm has a 50 day simple moving average of $21.18 and a 200-day simple moving average of $18.22. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.38 and a quick ratio of 1.30. The stock has a market capitalization of $5.56 billion, a PE ratio of 296.41, a price-to-earnings-growth ratio of 0.95 and a beta of 1.57. APi Group Co. has a 12-month low of $13.09 and a 12-month high of $24.49.

APi Group (NYSE:APGGet Rating) last posted its quarterly earnings data on Tuesday, February 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.02. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.63 billion. APi Group had a net margin of 0.95% and a return on equity of 16.94%. The business’s revenue was up 54.8% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. As a group, equities research analysts expect that APi Group Co. will post 1.49 EPS for the current fiscal year.

APi Group Profile

(Get Rating)

APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems.

Further Reading

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

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