Hood River Capital Management LLC Has $42.95 Million Holdings in APi Group Co. (NYSE:APG)

Hood River Capital Management LLC boosted its holdings in shares of APi Group Co. (NYSE:APG) by 4.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,141,485 shares of the company’s stock after purchasing an additional 43,547 shares during the period. Hood River Capital Management LLC owned 0.42% of APi Group worth $42,954,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. increased its stake in shares of APi Group by 43.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock valued at $44,000 after buying an additional 390 shares in the last quarter. Whittier Trust Co. increased its position in APi Group by 100.9% in the 1st quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock valued at $59,000 after acquiring an additional 752 shares in the last quarter. J.Safra Asset Management Corp raised its stake in shares of APi Group by 81.3% in the first quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock worth $68,000 after acquiring an additional 776 shares during the last quarter. Motco acquired a new position in shares of APi Group during the first quarter worth approximately $83,000. Finally, Triad Wealth Partners LLC bought a new stake in shares of APi Group during the second quarter valued at approximately $132,000. 86.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related 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 value 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 transaction was disclosed in a filing with the SEC, which is available through this link. In other APi Group news, SVP Louis Lambert sold 5,679 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the transaction, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at $87,252.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Martin E. Franklin sold 178,346 shares of the stock in a transaction dated 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 owns 14,267,479 shares of the company’s stock, valued at $503,071,309.54. 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. Company insiders own 16.40% of the company’s stock.

APi Group Trading Down 1.6 %

NYSE:APG opened at $35.22 on Monday. 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 $24.61 and a 1-year high of $39.98. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of -16.38, a PEG ratio of 0.99 and a beta of 1.56. The business’s 50-day moving average price is $35.08 and its two-hundred day moving average price is $36.81.

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

APi Group Company 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.