Massachusetts Financial Services Co. MA Sells 112,784 Shares of APi Group Co. (NYSE:APG)

Massachusetts Financial Services Co. MA trimmed its position in shares of APi Group Co. (NYSE:APG) by 19.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 460,971 shares of the company’s stock after selling 112,784 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.17% of APi Group worth $17,346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in APi Group by 10.2% during the 4th quarter. Vanguard Group Inc. now owns 20,790,443 shares of the company’s stock worth $719,349,000 after buying an additional 1,930,059 shares during the period. Swedbank AB increased its holdings in shares of APi Group by 21.1% in the second quarter. Swedbank AB now owns 1,860,000 shares of the company’s stock worth $69,992,000 after acquiring an additional 324,000 shares in the last quarter. Duality Advisers LP acquired a new stake in shares of APi Group during the first quarter worth about $1,447,000. Capital World Investors lifted its holdings in shares of APi Group by 794.6% during the 4th quarter. Capital World Investors now owns 1,185,771 shares of the company’s stock valued at $41,028,000 after purchasing an additional 1,053,222 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of APi Group by 192.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company’s stock valued at $2,121,000 after purchasing an additional 35,520 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on APG shares. JPMorgan Chase & Co. lowered their target price on APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Robert W. Baird dropped their price objective on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, Barclays cut their price objective on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.86.

Insider Buying and Selling

In other APi Group news, SVP Louis Lambert sold 6,333 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.45, for a total value of $205,505.85. Following the completion of the sale, the senior vice president now owns 8,100 shares in the company, valued at $262,845. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Martin E. Franklin sold 178,346 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total value of $6,288,479.96. Following the sale, the director now owns 14,267,479 shares in the company, valued at approximately $503,071,309.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Louis Lambert sold 6,333 shares of APi Group stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.45, for a total transaction of $205,505.85. Following the transaction, the senior vice president now directly owns 8,100 shares of the company’s stock, valued at $262,845. The disclosure for this sale can be found here. Over the last three months, insiders have sold 340,358 shares of company stock worth $11,653,157. Insiders own 16.40% of the company’s stock.

APi Group Trading Down 1.6 %

APi Group stock opened at $35.21 on Friday. The company has a market cap of $9.66 billion, a price-to-earnings ratio of -16.38, a P/E/G ratio of 0.99 and a beta of 1.56. The firm has a 50-day moving average of $35.08 and a 200-day moving average of $36.84. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.38. APi Group Co. has a one year low of $24.61 and a one year high of $39.98.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. On average, equities analysts expect that APi Group Co. will post 1.87 earnings per share for the current fiscal year.

APi Group Profile

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.