Healthcare of Ontario Pension Plan Trust Fund Reduces Stake in APi Group Co. (NYSE:APG)

Healthcare of Ontario Pension Plan Trust Fund lowered its holdings in APi Group Co. (NYSE:APG) by 15.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 155,382 shares of the company’s stock after selling 27,713 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.06% of APi Group worth $5,847,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Ghisallo Capital Management LLC increased its holdings in shares of APi Group by 40.0% in the 2nd quarter. Ghisallo Capital Management LLC now owns 350,000 shares of the company’s stock valued at $13,170,000 after acquiring an additional 100,000 shares during the last quarter. Truist Financial Corp boosted its position in shares of APi Group by 5.6% in the 2nd quarter. Truist Financial Corp now owns 104,072 shares of the company’s stock valued at $3,916,000 after purchasing an additional 5,517 shares during the period. Creative Planning boosted its position in shares of APi Group by 27.1% in the 2nd quarter. Creative Planning now owns 49,005 shares of the company’s stock valued at $1,844,000 after purchasing an additional 10,460 shares during the period. Algert Global LLC acquired a new stake in shares of APi Group in the 2nd quarter valued at about $744,000. Finally, Driehaus Capital Management LLC boosted its position in shares of APi Group by 48.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,517,933 shares of the company’s stock valued at $57,120,000 after purchasing an additional 498,492 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Transactions at APi Group

In other news, SVP Louis Lambert sold 6,333 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $32.45, for a total transaction of $205,505.85. Following the completion of the transaction, the senior vice president now directly owns 8,100 shares of the company’s stock, valued at approximately $262,845. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Martin E. Franklin sold 178,346 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the completion of the transaction, the director now directly owns 14,267,479 shares of the company’s stock, valued at approximately $503,071,309.54. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Louis Lambert sold 6,333 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $32.45, for a total value of $205,505.85. Following the transaction, the senior vice president now directly owns 8,100 shares of the company’s stock, valued at approximately $262,845. 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 three months, insiders sold 340,358 shares of company stock valued at $11,653,157. Corporate insiders own 16.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price 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. Robert W. Baird decreased 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. Finally, Barclays decreased their target price on APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.86.

APi Group Stock Up 2.0 %

APi Group stock opened at $32.13 on Friday. APi Group Co. has a twelve month low of $24.61 and a twelve month high of $39.98. The stock has a 50 day moving average of $34.25 and a two-hundred day moving average of $36.45. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of -14.94 and a beta of 1.55.

APi Group (NYSE:APG) last posted its quarterly earnings data 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 return on equity of 36.53% and a net margin of 2.81%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, research analysts expect that APi Group Co. will post 1.86 earnings per share 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.