River Road Asset Management LLC Has $8.06 Million Stake in APi Group Co. (NYSE:APG)

River Road Asset Management LLC raised its holdings in APi Group Co. (NYSE:APG) by 42.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 243,951 shares of the company’s stock after acquiring an additional 73,272 shares during the period. River Road Asset Management LLC’s holdings in APi Group were worth $8,055,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APG. Whittier Trust Co. grew its stake in APi Group by 100.9% in the first quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock valued at $59,000 after acquiring an additional 752 shares during the period. J.Safra Asset Management Corp lifted its holdings in shares of APi Group by 81.3% in the first quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock valued at $68,000 after purchasing an additional 776 shares in the last quarter. Motco bought a new stake in shares of APi Group in the first quarter valued at about $83,000. Triad Wealth Partners LLC bought a new stake in shares of APi Group in the second quarter valued at about $132,000. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of APi Group by 3,622.0% in the second quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock valued at $148,000 after purchasing an additional 382,012 shares in the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at APi Group

In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total value of $6,288,479.96. Following the sale, the director now owns 14,267,479 shares in the company, valued at $503,071,309.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total value of $6,288,479.96. Following the sale, the director now owns 14,267,479 shares in the company, valued at $503,071,309.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Louis Lambert sold 5,679 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the transaction, the senior vice president now directly owns 2,421 shares in the company, valued at $87,252.84. The trade was a 0.00 % 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 Price Performance

NYSE:APG opened at $35.09 on Wednesday. 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 stock’s 50 day moving average price is $33.75 and its two-hundred day moving average price is $35.64. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of -17.81 and a beta of 1.54. APi Group Co. has a 12-month low of $26.65 and a 12-month high of $39.98.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 earnings per share. On average, analysts anticipate that APi Group Co. will post 1.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays boosted their price target on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. cut their price target on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 price target on shares of APi Group in a report on Friday, November 1st. Finally, Robert W. Baird dropped their target price on APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, APi Group has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

About APi Group

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.