US Bancorp DE lowered its stake in APi Group Co. (NYSE:APG – Free Report) by 48.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,180 shares of the company’s stock after selling 8,648 shares during the period. US Bancorp DE’s holdings in APi Group were worth $360,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. Jag Capital Management LLC grew its position in APi Group by 3.3% during the 4th quarter. Jag Capital Management LLC now owns 9,521 shares of the company’s stock worth $329,000 after acquiring an additional 301 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of APi Group by 3.3% in the first quarter. Fifth Third Bancorp now owns 11,016 shares of the company’s stock worth $433,000 after purchasing an additional 357 shares during the last quarter. Xponance Inc. increased its stake in shares of APi Group by 2.9% in the fourth quarter. Xponance Inc. now owns 12,738 shares of the company’s stock worth $441,000 after buying an additional 365 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in APi Group by 43.8% during the 4th 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 during the last quarter. Finally, New York State Common Retirement Fund boosted its position in APi Group by 0.3% during the 4th quarter. New York State Common Retirement Fund now owns 141,734 shares of the company’s stock valued at $4,904,000 after buying an additional 466 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.
APi Group Stock Performance
APi Group stock opened at $37.19 on Friday. APi Group Co. has a fifty-two week low of $24.61 and a fifty-two week high of $39.98. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of -17.30, a PEG ratio of 1.06 and a beta of 1.57. The stock’s 50 day simple moving average is $37.19 and its two-hundred day simple moving average is $36.58. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.35.
APi Group (NYSE:APG – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.60 billion. APi Group had a return on equity of 37.83% and a net margin of 2.49%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 earnings per share. As a group, analysts expect that APi Group Co. will post 1.88 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on APG. Royal Bank of Canada upped their price objective on shares of APi Group from $36.00 to $45.00 and gave the company a “sector perform” rating in a research note on Monday, April 8th. Robert W. Baird upped their price target on APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Finally, Citigroup lifted their price objective on APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.29.
Read Our Latest Analysis on APi Group
Insider Buying and Selling
In related news, Director Ian G. H. Ashken sold 150,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $37.21, for a total transaction of $5,581,500.00. Following the sale, the director now owns 5,828,779 shares of the company’s stock, valued at $216,888,866.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction on Monday, May 6th. The stock was sold at an average price of $37.21, for a total transaction of $5,581,500.00. Following the completion of the transaction, the director now owns 5,828,779 shares in the company, valued at $216,888,866.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Global Investors Lp Viking sold 1,951,782 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $38.15, for a total value of $74,460,483.30. The disclosure for this sale can be found here. 16.40% of the stock is owned by company insiders.
APi Group 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.
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Source: defenseworld.net
