APi Group Co. (NYSE:APG) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in APi Group Co. (NYSE:APG) by 85.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,758 shares of the company’s stock after selling 86,975 shares during the quarter. Principal Financial Group Inc.’s holdings in APi Group were worth $487,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Tidal Investments LLC boosted its holdings in APi Group by 10.8% in the third quarter. Tidal Investments LLC now owns 54,553 shares of the company’s stock valued at $1,801,000 after purchasing an additional 5,337 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of APi Group during the 3rd quarter worth approximately $450,000. Virtu Financial LLC purchased a new position in shares of APi Group during the 3rd quarter valued at approximately $813,000. Geode Capital Management LLC raised its position in shares of APi Group by 2.9% in the third quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock worth $123,217,000 after acquiring an additional 106,119 shares during the period. Finally, Barclays PLC boosted its stake in shares of APi Group by 1.6% during the 3rd quarter. Barclays PLC now owns 364,281 shares of the company’s stock worth $12,026,000 after acquiring an additional 5,701 shares in the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction dated 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 sale, the director now owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the transaction, the director now directly owns 1,134,635 shares of the company’s stock, valued at approximately $41,958,802.30. This represents a 1.01 % 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 Upgrades and Downgrades

APG has been the topic of a number of recent analyst reports. Citigroup increased their price target on APi Group from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Barclays upped their price objective on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $45.00 target price on shares of APi Group in a research note on Friday, November 1st. Finally, Robert W. Baird boosted their price target on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $43.43.

APi Group Stock Performance

NYSE:APG opened at $36.65 on Monday. The stock has a market capitalization of $10.07 billion, a P/E ratio of -18.60 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group Co. has a fifty-two week low of $30.26 and a fifty-two week high of $40.89. The company has a 50 day moving average price of $36.75 and a 200 day moving average price of $35.62.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm posted $0.48 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. Equities research analysts forecast that APi Group Co. will post 1.83 EPS for the current 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.