JPMorgan Chase & Co. Has $30.90 Million Stock Holdings in APi Group Co. (NYSE:APG)

JPMorgan Chase & Co. trimmed its stake in shares of APi Group Co. (NYSE:APG) by 8.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 935,792 shares of the company’s stock after selling 85,388 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.34% of APi Group worth $30,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in APG. Janus Henderson Group PLC boosted its position in shares of APi Group by 19.2% during the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after purchasing an additional 1,351,013 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in APi Group by 4.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company’s stock worth $227,881,000 after buying an additional 324,544 shares during the period. Geode Capital Management LLC boosted its holdings in 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 in the last quarter. State Street Corp boosted its holdings in APi Group by 3.7% in the third quarter. State Street Corp now owns 3,723,241 shares of the company’s stock worth $122,941,000 after acquiring an additional 132,971 shares in the last quarter. Finally, Select Equity Group L.P. grew its stake in APi Group by 7.6% in the second quarter. Select Equity Group L.P. now owns 2,464,597 shares of the company’s stock valued at $92,743,000 after acquiring an additional 173,544 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Price Performance

Shares of APi Group stock opened at $36.51 on Tuesday. The stock has a market capitalization of $10.03 billion, a price-to-earnings ratio of -18.53 and a beta of 1.55. The company has a fifty day moving average of $36.82 and a 200-day moving average of $35.61. APi Group Co. has a 52-week low of $30.75 and a 52-week high of $40.89. 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 (NYSE:APG) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 earnings per share. Equities research analysts expect that APi Group Co. will post 1.83 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the transaction, the director now owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $1,986,113.16. Following the sale, the director now owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.20% of the company’s stock.

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.