Daiwa Securities Group Inc. Has $325,000 Stock Holdings in APi Group Co. (NYSE:APG)

Daiwa Securities Group Inc. grew its position in APi Group Co. (NYSE:APG) by 44.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,630 shares of the company’s stock after acquiring an additional 2,653 shares during the quarter. Daiwa Securities Group Inc.’s holdings in APi Group were worth $325,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of APG. Nomura Asset Management Co. Ltd. boosted its stake in APi Group by 43.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock worth $44,000 after buying an additional 390 shares in the last quarter. Whittier Trust Co. raised its position in APi Group by 100.9% in the first quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock worth $59,000 after purchasing an additional 752 shares in the last quarter. J.Safra Asset Management Corp lifted its stake in APi Group by 81.3% during the first quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock worth $68,000 after purchasing an additional 776 shares during the period. Motco bought a new position in APi Group during the first quarter worth about $83,000. Finally, Triad Wealth Partners LLC acquired a new stake in APi Group during the second quarter valued at approximately $132,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Stock Performance

Shares of NYSE:APG opened at $34.45 on Tuesday. The business has a fifty day moving average of $35.26 and a 200-day moving average of $36.90. The firm has a market cap of $9.45 billion, a PE ratio of -16.02, a price-to-earnings-growth ratio of 0.99 and a beta of 1.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.48. APi Group Co. has a twelve month low of $24.61 and a twelve month high of $39.98.

APi Group (NYSE:APG) last announced its 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. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. On average, equities research analysts predict that APi Group Co. will post 1.87 EPS for the current fiscal year.

Analyst Ratings Changes

APG has been the subject of several analyst reports. Robert W. Baird cut their target price on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. reduced their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Barclays lowered their target price on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.86.

Insider Buying and Selling

In other news, SVP Louis Lambert sold 5,679 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $36.04, for a total value of $204,671.16. Following the transaction, the senior vice president now owns 2,421 shares of the company’s stock, valued at approximately $87,252.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other APi Group news, SVP Louis Lambert sold 5,679 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $36.04, for a total transaction of $204,671.16. Following the completion of the sale, the senior vice president now owns 2,421 shares in the company, valued at approximately $87,252.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martin E. Franklin sold 178,346 shares of the firm’s 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 completion of the transaction, the director now owns 14,267,479 shares in the company, valued at $503,071,309.54. The disclosure for this sale can be found here. Insiders sold a total of 340,358 shares of company stock worth $11,653,157 over the last three months. 16.40% of the stock is currently owned by company insiders.

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.