APi Group Corporation $APG Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its position in shares of APi Group Corporation (NYSE:APG) by 50.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 174,519 shares of the company’s stock after purchasing an additional 58,173 shares during the quarter. Asset Management One Co. Ltd.’s holdings in APi Group were worth $5,998,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bares Capital Management Inc. acquired a new stake in shares of APi Group in the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC lifted its stake in APi Group by 547.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company’s stock valued at $65,000 after buying an additional 1,078 shares during the last quarter. Ulland Investment Advisors LLC lifted its stake in APi Group by 41.5% in the second quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock valued at $77,000 after buying an additional 440 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of APi Group in the second quarter valued at approximately $98,000. Finally, GAMMA Investing LLC grew its position in shares of APi Group by 111.6% during the third quarter. GAMMA Investing LLC now owns 3,477 shares of the company’s stock worth $120,000 after acquiring an additional 1,834 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Down 1.1%

Shares of APi Group stock opened at $40.52 on Friday. APi Group Corporation has a one year low of $20.50 and a one year high of $41.59. The company has a market cap of $16.85 billion, a P/E ratio of 110.51 and a beta of 1.70. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. The firm has a fifty day moving average of $38.48 and a two-hundred day moving average of $36.06.

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 the consensus estimate of $2.01 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current year.

Insiders Place Their Bets

In other APi Group news, Director Martin E. Franklin sold 340,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total transaction of $12,270,600.00. Following the transaction, the director owned 18,968,790 shares in the company, valued at approximately $684,583,631.10. The trade was a 1.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 900,000 shares of company stock valued at $32,342,000. 17.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research report on Monday, December 22nd. Barclays raised their price objective on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of APi Group in a report on Tuesday, December 23rd. Citigroup reiterated 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. Finally, Zacks Research lowered APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.81.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.