APi Group Co. (NYSE:APG) Shares Purchased by Capital World Investors

Capital World Investors boosted its holdings in shares of APi Group Co. (NYSE:APGFree Report) by 794.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,185,771 shares of the company’s stock after acquiring an additional 1,053,222 shares during the quarter. Capital World Investors owned about 0.50% of APi Group worth $41,028,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in shares of APi Group by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 24,890 shares of the company’s stock worth $645,000 after purchasing an additional 993 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of APi Group during the third quarter valued at about $372,000. Oppenheimer Asset Management Inc. raised its stake in shares of APi Group by 29.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 26,315 shares of the company’s stock valued at $682,000 after acquiring an additional 5,916 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of APi Group in the 3rd quarter worth approximately $524,000. Finally, Swiss National Bank boosted its position in shares of APi Group by 1.3% during the 3rd quarter. Swiss National Bank now owns 362,000 shares of the company’s stock worth $9,387,000 after purchasing an additional 4,600 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $37.21, for a total value of $5,581,500.00. Following the sale, the director now directly owns 5,828,779 shares in the company, valued at $216,888,866.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 16.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on APG. Robert W. Baird boosted their target price on APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Royal Bank of Canada increased their target price on APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Monday, April 8th. Jefferies Financial Group assumed coverage on APi Group in a research report on Friday, March 15th. They issued a “buy” rating and a $48.00 target price for the company. UBS Group increased their price target on shares of APi Group from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, TheStreet cut shares of APi Group from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, APi Group has an average rating of “Moderate Buy” and an average price target of $44.29.

Check Out Our Latest Report on APG

APi Group Stock Down 0.4 %

Shares of APi Group stock opened at $37.32 on Friday. The business has a 50-day simple moving average of $37.49 and a 200-day simple moving average of $35.21. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.35 and a quick ratio of 1.26. APi Group Co. has a one year low of $24.42 and a one year high of $39.98.

APi Group (NYSE:APGGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. APi Group had a net margin of 2.49% and a return on equity of 37.83%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the business posted $0.25 EPS. The firm’s revenue was down .8% on a year-over-year basis. On average, sell-side analysts forecast that APi Group Co. will post 1.85 earnings per share for the current year.

About APi Group

(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.

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

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