APi Group Co. (NYSE:APG) Shares Bought by State Street Corp – MarketBeat

State Street Corp grew its position in shares of APi Group Co. (NYSE:APG – Free Report) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,723,241 shares of the company’s stock after purchasing an additional 132,971 shares during the period. State Street Corp owned about 1.35% of APi Group worth $122,941,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank boosted its stake in APi Group by 109.8% in the first quarter. Comerica Bank now owns 5,641 shares of the company’s stock worth $222,000 after buying an additional 2,952 shares in the last quarter. Raymond James & Associates grew its holdings in shares of APi Group by 13.1% during the 2nd quarter. Raymond James & Associates now owns 144,599 shares of the company’s stock valued at $5,441,000 after purchasing an additional 16,746 shares during the last quarter. Bank of New York Mellon Corp raised its position in APi Group by 9.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 891,139 shares of the company’s stock worth $33,534,000 after purchasing an additional 73,573 shares during the period. Verdence Capital Advisors LLC lifted its stake in APi Group by 4.5% in the second quarter. Verdence Capital Advisors LLC now owns 73,894 shares of the company’s stock worth $2,781,000 after purchasing an additional 3,177 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in APi Group by 17.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,669 shares of the company’s stock valued at $1,305,000 after buying an additional 5,031 shares during the period. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

APi Group Stock Down 1.5 %

APG stock opened at $37.63 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 business has a 50 day moving average of $35.74 and a 200 day moving average of $35.71. APi Group Co. has a twelve month low of $30.26 and a twelve month high of $40.89. The firm has a market cap of $10.34 billion, a PE ratio of -19.10 and a beta of 1.55.

APi Group (NYSE:APG – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (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 firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. APi Group’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. On average, research analysts forecast that APi Group Co. will post 1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

APG has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. William Blair reissued an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Citigroup lifted their target price on shares of APi Group from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Barclays increased their price target on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 price objective on shares of APi Group in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, APi Group presently has an average rating of “Moderate Buy” and an average price target of $43.43.

Get Our Latest Report on APi Group

Insider Activity

In related news, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the transaction, the director now directly owns 1,134,635 shares of the company’s stock, valued at approximately $41,958,802.30. This represents a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of APi Group 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 completion of the sale, the director now directly owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company’s stock.

APi Group Company Profile

(Free Report)

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.

Further Reading

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