Russell Investments Group Ltd. lowered its holdings in APi Group Co. (NYSE:APG – Get Rating) by 11.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 575,811 shares of the company's stock after selling 74,775 shares during the period. Russell Investments Group Ltd. owned about 0.25% of APi Group worth $12,108,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. California Public Employees Retirement System boosted its position in APi Group by 10.5% in the first quarter. California Public Employees Retirement System now owns 260,168 shares of the company's stock worth $5,471,000 after purchasing an additional 24,644 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in shares of APi Group by 229.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 50,598 shares of the company's stock valued at $1,064,000 after buying an additional 35,260 shares during the last quarter. Wolverine Asset Management LLC lifted its position in shares of APi Group by 36.4% during the 1st quarter. Wolverine Asset Management LLC now owns 75,000 shares of the company's stock valued at $1,577,000 after buying an additional 20,000 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of APi Group by 4.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 103,665 shares of the company's stock valued at $2,180,000 after buying an additional 4,874 shares during the last quarter. Finally, Versor Investments LP purchased a new position in shares of APi Group during the 1st quarter valued at $348,000.
Get APi Group alerts:Analyst Ratings Changes
A number of analysts recently issued reports on the company. Royal Bank of Canada decreased their price objective on APi Group from $24.00 to $18.00 in a research note on Monday, July 11th. Bank of America upgraded APi Group from a "neutral" rating to a "buy" rating and set a $23.00 price objective on the stock in a research note on Monday, July 11th. Barclays decreased their price objective on APi Group from $24.00 to $21.00 and set an "overweight" rating on the stock in a research note on Friday, July 8th. Finally, JPMorgan Chase & Co. assumed coverage on APi Group in a research note on Friday, June 17th. They issued a "neutral" rating and a $17.00 target price on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $22.17.
Insider Activity
In related news, Director Anthony E. Malkin bought 12,600 shares of the company's stock in a transaction that occurred on Friday, June 17th. The stock was bought at an average cost of $14.47 per share, for a total transaction of $182,322.00. Following the acquisition, the director now directly owns 34,396 shares of the company's stock, valued at approximately $497,710.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 12.70% of the company's stock.APi Group Price Performance
Shares of APi Group stock opened at $17.30 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.53 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $4.03 billion, a PE ratio of -26.21, a price-to-earnings-growth ratio of 0.64 and a beta of 1.41. The business's 50-day moving average price is $16.21 and its 200-day moving average price is $18.75. APi Group Co. has a 12 month low of $14.13 and a 12 month high of $26.84.
APi Group (NYSE:APG – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.66 billion. APi Group had a return on equity of 12.06% and a net margin of 1.04%. The company's revenue was up 68.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 EPS. Sell-side analysts forecast that APi Group Co. will post 1.36 EPS for the current fiscal year.
About APi Group
(Get Rating)
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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