Cynosure Group LLC Has $350,000 Holdings in APi Group Co. (NYSE:APG)

Cynosure Group LLC increased its stake in shares of APi Group Co. (NYSE:APG) by 7.6% during the third quarter, HoldingsChannel.com reports. The fund owned 10,603 shares of the company’s stock after purchasing an additional 746 shares during the period. Cynosure Group LLC’s holdings in APi Group were worth $350,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cetera Advisors LLC grew its holdings in APi Group by 1.1% during the first quarter. Cetera Advisors LLC now owns 27,242 shares of the company’s stock valued at $1,070,000 after purchasing an additional 287 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of APi Group by 0.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company’s stock worth $4,091,000 after buying an additional 323 shares during the period. O Shaughnessy Asset Management LLC grew its stake in APi Group by 4.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock valued at $278,000 after buying an additional 333 shares during the last quarter. J.Safra Asset Management Corp raised its holdings in APi Group by 21.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock worth $79,000 after acquiring an additional 373 shares during the period. Finally, AQR Capital Management LLC lifted its position in APi Group by 2.1% during the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock worth $755,000 after acquiring an additional 406 shares during the last quarter. 86.62% of the stock is owned by institutional investors.

APi Group Stock Down 0.2 %

Shares of APG stock opened at $37.55 on Friday. The stock has a market cap of $10.32 billion, a P/E ratio of -19.06 and a beta of 1.54. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The stock has a fifty day moving average price of $34.61 and a 200 day moving average price of $35.56. APi Group Co. has a one year low of $29.75 and a one year high of $39.98.

APi Group (NYSE:APG) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business earned $0.48 EPS. The firm’s revenue was up 2.4% on a year-over-year basis. Analysts predict that APi Group Co. will post 1.86 earnings per share for the current year.

Analysts Set New Price Targets

APG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Barclays raised their price objective on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Robert W. Baird boosted their target price on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $45.00 price target on shares of APi Group in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.71.

Insider Activity

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

APi Group Profile

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.