APi Group Co. (NYSE:APG) Shares Bought by Thematics Asset Management

Thematics Asset Management lifted its stake in shares of APi Group Co. (NYSE:APG) by 12.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 818,000 shares of the company’s stock after buying an additional 91,000 shares during the quarter. Thematics Asset Management’s holdings in APi Group were worth $27,010,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of APG. Swedbank AB lifted its holdings in APi Group by 21.1% in the second quarter. Swedbank AB now owns 1,860,000 shares of the company’s stock worth $69,992,000 after acquiring an additional 324,000 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of APi Group by 192.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company’s stock worth $2,121,000 after purchasing an additional 35,520 shares during the period. GSA Capital Partners LLP bought a new stake in shares of APi Group in the 3rd quarter worth approximately $881,000. Tidal Investments LLC grew its stake in APi Group by 60.0% during the 1st quarter. Tidal Investments LLC now owns 40,712 shares of the company’s stock worth $1,599,000 after buying an additional 15,265 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in APi Group by 60.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock worth $3,290,000 after buying an additional 37,531 shares during the period. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Down 2.0 %

Shares of APG traded down $0.76 during midday trading on Tuesday, reaching $37.49. 127,473 shares of the stock were exchanged, compared to its average volume of 1,705,401. The company has a market cap of $10.30 billion, a price-to-earnings ratio of -19.42 and a beta of 1.54. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group Co. has a 12-month low of $29.75 and a 12-month high of $39.98. The firm has a 50 day simple moving average of $34.46 and a 200-day simple moving average of $35.52.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company posted $0.48 EPS. The firm’s revenue was up 2.4% on a year-over-year basis. Research analysts forecast that APi Group Co. will post 1.86 EPS for the current year.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the sale, the director now directly owns 5,478,779 shares in the company, valued at $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction dated Monday, November 11th. The stock was 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 $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price objective on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Barclays increased their target price on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada reaffirmed 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

APi Group Company 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.