SG Americas Securities LLC reduced its position in APi Group Co. (NYSE:APG – Get Rating) by 56.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,350 shares of the company's stock after selling 29,665 shares during the quarter. SG Americas Securities LLC's holdings in APi Group were worth $491,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Xponance Inc. purchased a new stake in APi Group in the fourth quarter valued at approximately $246,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in APi Group by 53.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,796 shares of the company's stock worth $484,000 after buying an additional 6,525 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of APi Group by 14.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,899 shares of the company's stock worth $513,000 after purchasing an additional 2,476 shares during the period. Bernzott Capital Advisors raised its holdings in shares of APi Group by 4.8% in the 4th quarter. Bernzott Capital Advisors now owns 1,501,932 shares of the company's stock worth $38,705,000 after purchasing an additional 68,334 shares during the period. Finally, M.D. Sass Investors Services Inc. grew its stake in shares of APi Group by 99.6% in the fourth quarter. M.D. Sass Investors Services Inc. now owns 1,528,785 shares of the company's stock valued at $39,397,000 after buying an additional 762,935 shares in the last quarter.
Get APi Group alerts:APi Group Stock Down 7.2 %
Shares of APG opened at $16.97 on Friday. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of -25.71, a PEG ratio of 0.63 and a beta of 1.41. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.53 and a current ratio of 1.63. The business's fifty day moving average price is $16.22 and its two-hundred day moving average price is $18.79. APi Group Co. has a 52 week low of $14.13 and a 52 week high of $26.84.
APi Group (NYSE:APG – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.66 billion. APi Group had a return on equity of 12.06% and a net margin of 1.04%. The firm's quarterly revenue was up 68.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.31 EPS. On average, analysts predict that APi Group Co. will post 1.36 earnings per share for the current year.Insider Activity
In other APi Group news, Director Anthony E. Malkin purchased 12,600 shares of APi Group stock in a transaction that occurred on Friday, June 17th. The stock was acquired at an average price of $14.47 per share, for a total transaction of $182,322.00. Following the completion of the acquisition, the director now owns 34,396 shares of the company's stock, valued at approximately $497,710.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 12.70% of the stock is owned by corporate insiders.
Analyst Ratings Changes
APG has been the topic of a number of research analyst reports. Barclays reduced their target price on APi Group from $24.00 to $21.00 and set an "overweight" rating on the stock in a report on Friday, July 8th. Bank of America raised APi Group from a "neutral" rating to a "buy" rating and set a $23.00 target price on the stock in a research note on Monday, July 11th. Royal Bank of Canada lowered their price target on APi Group from $24.00 to $18.00 in a research report on Monday, July 11th. Finally, JPMorgan Chase & Co. began coverage on APi Group in a report on Friday, June 17th. They issued a "neutral" rating and a $17.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.17.
APi Group Company Profile
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APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems.
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