Assenagon Asset Management S.A. Has $34.47 Million Holdings in APi Group Co. (NYSE:APG)

Assenagon Asset Management S.A. boosted its position in APi Group Co. (NYSE:APG) by 412.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,044,034 shares of the company’s stock after buying an additional 840,452 shares during the period. Assenagon Asset Management S.A.’s holdings in APi Group were worth $34,474,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of APG. Whittier Trust Co. increased its stake in shares of APi Group by 100.9% in the 1st quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock valued at $59,000 after acquiring an additional 752 shares in the last quarter. J.Safra Asset Management Corp raised its holdings in shares of APi Group by 81.3% during 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 during the period. Motco bought a new position in shares of APi Group during the 1st quarter worth about $83,000. Triad Wealth Partners LLC acquired a new stake in shares of APi Group in the 2nd quarter valued at about $132,000. Finally, Strategic Financial Concepts LLC increased its position 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 valued at $148,000 after buying an additional 382,012 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

Insider Buying and Selling at APi Group

In other 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 completion of the transaction, the director now directly owns 14,267,479 shares of the company’s stock, valued at $503,071,309.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other APi Group news, SVP Louis Lambert sold 6,333 shares of APi Group stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $32.45, for a total value of $205,505.85. Following the sale, the senior vice president now owns 8,100 shares of the company’s stock, valued at approximately $262,845. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Martin E. Franklin sold 178,346 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the transaction, the director now directly owns 14,267,479 shares of the company’s stock, valued at $503,071,309.54. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 340,358 shares of company stock worth $11,653,157. Insiders own 16.40% of the company’s stock.

APi Group Trading Up 1.8 %

NYSE APG opened at $34.18 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. The business has a fifty day simple moving average of $33.92 and a 200 day simple moving average of $35.94. APi Group Co. has a 12 month low of $24.98 and a 12 month high of $39.98. The firm has a market capitalization of $9.37 billion, a P/E ratio of -15.90 and a beta of 1.55.

APi Group (NYSE:APG) last announced its earnings results on Thursday, August 1st. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, analysts predict that APi Group Co. will post 1.86 EPS for the current fiscal year.

Analyst Ratings Changes

APG has been the topic of several recent research reports. Robert W. Baird cut their price target on APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Barclays reduced their price target on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.86.

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.