Russell Investments Group Ltd. grew its holdings in shares of APi Group Co. (NYSE:APG – Free Report) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 368,018 shares of the company’s stock after acquiring an additional 3,485 shares during the quarter. Russell Investments Group Ltd. owned 0.16% of APi Group worth $8,273,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Ancora Advisors LLC increased its stake in shares of APi Group by 3.1% in the fourth quarter. Ancora Advisors LLC now owns 931,745 shares of the company’s stock worth $17,526,000 after buying an additional 27,660 shares during the period. Fisher Asset Management LLC bought a new stake in APi Group in the first quarter valued at $17,657,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in APi Group by 1.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,625 shares of the company’s stock valued at $1,667,000 after acquiring an additional 1,272 shares in the last quarter. California Public Employees Retirement System boosted its holdings in APi Group by 1.5% in the fourth quarter. California Public Employees Retirement System now owns 415,884 shares of the company’s stock valued at $7,823,000 after acquiring an additional 6,179 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new stake in APi Group in the fourth quarter valued at $2,154,000. 72.50% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director James E. Lillie sold 57,580 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $22.62, for a total value of $1,302,459.60. Following the transaction, the director now owns 4,500,052 shares in the company, valued at approximately $101,791,176.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director James E. Lillie sold 57,580 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $22.62, for a total value of $1,302,459.60. Following the transaction, the director now owns 4,500,052 shares in the company, valued at approximately $101,791,176.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Juno Holdings L.P. Fd sold 2,598,609 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $27.80, for a total value of $72,241,330.20. The disclosure for this sale can be found here. Insiders have sold a total of 2,762,875 shares of company stock worth $76,456,918 in the last quarter. Corporate insiders own 16.40% of the company’s stock.
APi Group Stock Performance
APi Group (NYSE:APG – Get Free Report) last announced its earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.77 billion. APi Group had a net margin of 1.66% and a return on equity of 17.35%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 EPS. On average, equities analysts expect that APi Group Co. will post 1.51 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts recently weighed in on APG shares. Citigroup lifted their price target on shares of APi Group from $28.00 to $32.00 in a report on Monday, July 10th. Barclays lifted their price target on shares of APi Group from $29.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, August 7th. Robert W. Baird lifted their price target on shares of APi Group from $29.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Finally, Royal Bank of Canada boosted their target price on shares of APi Group from $25.00 to $31.00 and gave the company a “sector perform” rating in a report on Friday, August 4th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and an average price target of $31.00.
Read Our Latest Stock Analysis on APG
APi Group Profile
APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, the Asian-Pacific, and other countries. It operates through Safety Services and Specialty Services segments. 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, and inspection and service of these integrated systems.
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