APi Group Co. (NYSE:APG) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in shares of APi Group Co. (NYSE:APGFree Report) by 298.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,431 shares of the company’s stock after buying an additional 74,503 shares during the quarter. Principal Financial Group Inc.’s holdings in APi Group were worth $3,905,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Jag Capital Management LLC lifted its holdings in APi Group by 3.3% during the 4th quarter. Jag Capital Management LLC now owns 9,521 shares of the company’s stock worth $329,000 after buying an additional 301 shares in the last quarter. Fifth Third Bancorp lifted its holdings in APi Group by 3.3% during the 1st quarter. Fifth Third Bancorp now owns 11,016 shares of the company’s stock worth $433,000 after buying an additional 357 shares in the last quarter. Xponance Inc. raised its holdings in shares of APi Group by 2.9% in the 4th quarter. Xponance Inc. now owns 12,738 shares of the company’s stock valued at $441,000 after purchasing an additional 365 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of APi Group by 43.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock valued at $44,000 after purchasing an additional 390 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of APi Group by 0.3% in the 4th quarter. New York State Common Retirement Fund now owns 141,734 shares of the company’s stock valued at $4,904,000 after purchasing an additional 466 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APG has been the topic of a number of analyst reports. Royal Bank of Canada raised their price objective on shares of APi Group from $36.00 to $45.00 and gave the company a “sector perform” rating in a report on Monday, April 8th. Robert W. Baird raised their price objective on shares of APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Citigroup raised their price objective on shares of APi Group from $43.00 to $47.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Jefferies Financial Group started coverage on shares of APi Group in a report on Friday, March 15th. They issued a “buy” rating and a $48.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.29.

Get Our Latest Stock Report on APi Group

Insider Buying and Selling at APi Group

In other news, major shareholder Global Investors Lp Viking sold 1,951,782 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $38.15, for a total transaction of $74,460,483.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, major shareholder Global Investors Lp Viking sold 1,951,782 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $38.15, for a total transaction of $74,460,483.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ian G. H. Ashken sold 150,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $37.21, for a total transaction of $5,581,500.00. Following the transaction, the director now owns 5,828,779 shares in the company, valued at $216,888,866.59. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by company insiders.

APi Group Price Performance

NYSE APG opened at $36.89 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.35. APi Group Co. has a one year low of $24.61 and a one year high of $39.98. The firm’s fifty day moving average is $37.23 and its two-hundred day moving average is $36.17.

APi Group (NYSE:APGGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.60 billion. APi Group had a net margin of 2.49% and a return on equity of 37.83%. APi Group’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. On average, analysts forecast that APi Group Co. will post 1.88 earnings per share for the current fiscal 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.

See Also

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

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