1,315,202 Shares in APi Group Corporation $APG Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. purchased a new stake in shares of APi Group Corporation (NYSE:APG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,315,202 shares of the company’s stock, valued at approximately $45,203,000. Assenagon Asset Management S.A. owned about 0.32% of APi Group as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of APi Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 23,493,777 shares of the company’s stock worth $1,199,357,000 after buying an additional 453,543 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in APi Group by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company’s stock valued at $581,073,000 after acquiring an additional 621,761 shares during the period. Durable Capital Partners LP boosted its holdings in APi Group by 19.2% during the second quarter. Durable Capital Partners LP now owns 10,623,568 shares of the company’s stock valued at $542,333,000 after acquiring an additional 1,712,397 shares during the period. State Street Corp grew its position in shares of APi Group by 83.2% in the second quarter. State Street Corp now owns 7,150,845 shares of the company’s stock valued at $365,051,000 after purchasing an additional 3,247,126 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of APi Group by 75.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company’s stock worth $241,997,000 after purchasing an additional 2,906,783 shares during the period. Institutional investors own 86.62% of the company’s stock.

APi Group Trading Up 0.7%

Shares of APi Group stock opened at $38.45 on Friday. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $40.58. The firm has a market capitalization of $15.99 billion, a PE ratio of 104.87 and a beta of 1.72. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41. The company’s fifty day moving average price is $36.98 and its two-hundred day moving average price is $35.30.

APi Group (NYSE:APG) last issued its earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business earned $0.51 EPS. The firm’s revenue was up 14.2% on a year-over-year basis. On average, analysts expect that APi Group Corporation will post 1.83 EPS for the current year.

Insider Activity

In other news, Director Martin E. Franklin sold 340,000 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total value of $12,270,600.00. Following the completion of the transaction, the director directly owned 18,968,790 shares of the company’s stock, valued at approximately $684,583,631.10. This represents a 1.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 900,000 shares of company stock valued at $32,342,000. Corporate insiders own 17.00% of the company’s stock.

Analyst Upgrades and Downgrades

APG has been the subject of several recent analyst reports. Citigroup restated a “buy” rating and set a $45.00 target price (up previously from $43.00) on shares of APi Group in a research note on Monday, December 8th. Barclays upped their price target on APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Zacks Research downgraded shares of APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. CJS Securities upgraded shares of APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of APi Group in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.81.

About APi Group

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.