US Bancorp DE Has $207,000 Holdings in APi Group Co. (NYSE:APG)

US Bancorp DE cut its stake in APi Group Co. (NYSE:APG) by 33.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,265 shares of the company’s stock after selling 3,208 shares during the period. US Bancorp DE’s holdings in APi Group were worth $207,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its stake in shares of APi Group by 6,312.4% in the first quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company’s stock valued at $191,822,000 after buying an additional 4,808,536 shares during the period. Blackstone Inc. acquired a new stake in shares of APi Group during the 1st quarter worth approximately $139,191,000. Capital Research Global Investors grew its holdings in shares of APi Group by 271.2% during the 1st quarter. Capital Research Global Investors now owns 4,321,383 shares of the company’s stock worth $169,701,000 after purchasing an additional 3,157,283 shares in the last quarter. Cooke & Bieler LP grew its holdings in shares of APi Group by 218.9% during the 2nd quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company’s stock worth $108,545,000 after purchasing an additional 1,979,931 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of APi Group by 39.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,443,315 shares of the company’s stock valued at $253,030,000 after purchasing an additional 1,826,227 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on APG. Robert W. Baird lowered their price target on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Barclays upped their target price on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $45.00 price target on shares of APi Group in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. decreased their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $44.00.

Insider Activity

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction 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 in the company, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their position. 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 business’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 sale, the director now owns 14,267,479 shares of the company’s stock, valued at approximately $503,071,309.54. The trade was a 1.23 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 249,461 shares of company stock worth $8,907,049. 18.20% of the stock is owned by corporate insiders.

APi Group Price Performance

NYSE:APG opened at $36.21 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The firm has a market cap of $9.95 billion, a PE ratio of -18.30 and a beta of 1.54. APi Group Co. has a 12 month low of $28.86 and a 12 month high of $39.98. The company’s 50-day moving average price is $34.00 and its two-hundred day moving average price is $35.61.

APi Group (NYSE:APG) last announced its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the business earned $0.48 EPS. APi Group’s revenue was up 2.4% compared to the same quarter last year. On average, equities analysts anticipate that APi Group Co. will post 1.86 EPS for the current fiscal 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.