D.A. Davidson & CO. Grows Position in APi Group Co. (NYSE:APG)

D.A. Davidson & CO. raised its position in APi Group Co. (NYSE:APG) by 1.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 96,300 shares of the company’s stock after purchasing an additional 1,150 shares during the period. D.A. Davidson & CO.’s holdings in APi Group were worth $3,180,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of APG. Cooke & Bieler LP grew its holdings in APi Group by 218.9% in the second quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company’s stock valued at $108,545,000 after purchasing an additional 1,979,931 shares during the last quarter. Millennium Management LLC acquired a new stake in APi Group in the second quarter valued at $67,412,000. Artemis Investment Management LLP grew its holdings in APi Group by 65.8% in the second quarter. Artemis Investment Management LLP now owns 2,543,375 shares of the company’s stock valued at $95,707,000 after purchasing an additional 1,009,328 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in APi Group by 382.6% in the second quarter. Point72 Asset Management L.P. now owns 1,064,395 shares of the company’s stock valued at $40,053,000 after purchasing an additional 843,826 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in APi Group by 412.8% in the third quarter. Assenagon Asset Management S.A. now owns 1,044,034 shares of the company’s stock valued at $34,474,000 after purchasing an additional 840,452 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Analyst Ratings Changes

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

APi Group Stock Performance

NYSE APG opened at $37.55 on Friday. The business’s 50-day moving average price is $34.61 and its 200 day moving average price is $35.56. APi Group Co. has a twelve month low of $29.75 and a twelve month high of $39.98. The company has a market capitalization of $10.32 billion, a PE ratio of -19.06 and a beta of 1.54. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.48 EPS. On average, research analysts predict that APi Group Co. will post 1.86 earnings per share for the current year.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 11,568 shares of the firm’s 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 transaction, the director now directly owns 1,134,635 shares in the company, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the sale, the director now owns 5,478,779 shares in the company, valued at approximately $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. Company insiders own 18.20% of the company’s stock.

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.