APi Group Co. (NYSE:APG) Shares Acquired by Raymond James & Associates

Raymond James & Associates boosted its position in APi Group Co. (NYSE:APG) by 20.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 173,774 shares of the company’s stock after purchasing an additional 29,175 shares during the period. Raymond James & Associates owned about 0.06% of APi Group worth $5,738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of APG. Vanguard Group Inc. grew its stake in shares of APi Group by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 21,822,007 shares of the company’s stock worth $856,950,000 after purchasing an additional 1,031,564 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of APi Group by 39.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,443,315 shares of the company’s stock worth $253,030,000 after purchasing an additional 1,826,227 shares during the last quarter. Janus Henderson Group PLC raised its holdings in APi Group by 6,312.4% in the 1st quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company’s stock valued at $191,822,000 after acquiring an additional 4,808,536 shares during the last quarter. Capital Research Global Investors boosted its stake in APi Group by 271.2% in the 1st quarter. Capital Research Global Investors now owns 4,321,383 shares of the company’s stock worth $169,701,000 after buying an additional 3,157,283 shares during the last quarter. Finally, Blackstone Inc. acquired a new position in APi Group during the first quarter worth approximately $139,191,000. 86.62% of the stock is owned by institutional investors and hedge funds.

Insider Activity at APi Group

In related news, Director Martin E. Franklin sold 178,346 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 14,267,479 shares in the company, valued at approximately $503,071,309.54. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Martin E. Franklin sold 178,346 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total value of $6,288,479.96. Following the transaction, the director now directly owns 14,267,479 shares in the company, valued at approximately $503,071,309.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ian G. H. Ashken sold 150,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the sale, the director now owns 5,678,779 shares of the company’s stock, valued at $187,570,070.37. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 340,358 shares of company stock valued at $11,653,157. Insiders own 16.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on APG. Robert W. Baird reduced their target price 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. Barclays cut their target price on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. reduced their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.86.

APi Group Stock Performance

Shares of APG stock opened at $34.16 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. APi Group Co. has a 1-year low of $25.17 and a 1-year high of $39.98. The stock’s fifty day simple moving average is $33.77 and its 200-day simple moving average is $35.73. The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of -15.89 and a beta of 1.55.

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, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.79 billion. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. On average, sell-side analysts predict that APi Group Co. will post 1.86 earnings per share for the current fiscal year.

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.