Daiwa Securities Group Inc. Boosts Stake in APi Group Co. (NYSE:APG)

Daiwa Securities Group Inc. grew its stake in APi Group Co. (NYSE:APG) by 21.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,461 shares of the company’s stock after acquiring an additional 1,831 shares during the quarter. Daiwa Securities Group Inc.’s holdings in APi Group were worth $345,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in APG. Swedbank AB lifted its holdings in shares of APi Group by 21.1% during the 2nd quarter. Swedbank AB now owns 1,860,000 shares of the company’s stock valued at $69,992,000 after purchasing an additional 324,000 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in APi Group in the third quarter valued at about $881,000. Oppenheimer Asset Management Inc. boosted its stake in APi Group by 60.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock worth $3,290,000 after purchasing an additional 37,531 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of APi Group by 3,622.0% during the second quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock worth $148,000 after buying an additional 382,012 shares during the period. Finally, River Road Asset Management LLC lifted its position in APi Group by 42.9% during the 3rd quarter. River Road Asset Management LLC now owns 243,951 shares of the company’s stock worth $8,055,000 after acquiring an additional 73,272 shares during the period. 86.62% of the stock is owned by institutional investors.

Insider Activity at APi Group

In other APi Group news, Director James E. Lillie sold 11,568 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the sale, the director now directly owns 1,134,635 shares of the company’s stock, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total value of $1,986,113.16. Following the transaction, the director now directly owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on APG shares. Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 price objective on shares of APi Group in a research note on Friday, November 1st. Robert W. Baird lifted their price objective on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. Finally, Barclays increased their price objective on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.71.

APi Group Price Performance

Shares of NYSE APG opened at $37.78 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of -19.18 and a beta of 1.54. The firm’s 50 day simple moving average is $34.66 and its 200-day simple moving average is $35.54. APi Group Co. has a 12 month low of $29.95 and a 12 month high of $39.98.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $0.48 earnings per share. Analysts expect that APi Group Co. will post 1.86 EPS for the current 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.