Geode Capital Management LLC Boosts Stake in APi Group Co. (NYSE:APG) – MarketBeat

Geode Capital Management LLC grew its stake in shares of APi Group Co. (NYSE:APG – Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,730,499 shares of the company’s stock after acquiring an additional 106,119 shares during the quarter. Geode Capital Management LLC owned about 1.36% of APi Group worth $123,217,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of APG. First Horizon Advisors Inc. purchased a new stake in APi Group during the 3rd quarter valued at about $26,000. Avior Wealth Management LLC purchased a new stake in APi Group in the third quarter valued at approximately $33,000. Strategic Financial Concepts LLC increased its holdings in APi Group by 3,622.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock worth $148,000 after buying an additional 382,012 shares during the period. SG Americas Securities LLC purchased a new position in APi Group during the 3rd quarter worth approximately $165,000. Finally, KBC Group NV lifted its stake in APi Group by 14.8% during the 3rd quarter. KBC Group NV now owns 5,601 shares of the company’s stock valued at $185,000 after acquiring an additional 721 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, 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 transaction of $1,986,113.16. Following the transaction, the director now owns 5,478,779 shares in the company, valued at $202,002,581.73. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the sale, the director now directly owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by corporate insiders.

APi Group Price Performance

NYSE:APG traded down $1.73 during trading hours on Wednesday, reaching $37.04. 1,794,438 shares of the company were exchanged, compared to its average volume of 1,697,692. The stock’s 50-day moving average is $35.99 and its 200-day moving average is $35.75. 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 $10.18 billion, a PE ratio of -18.80 and a beta of 1.55. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

APi Group (NYSE:APG – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. APi Group’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 EPS. On average, sell-side analysts anticipate that APi Group Co. will post 1.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Analysis on APi Group

APi Group 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.

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