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

Assenagon Asset Management S.A. lifted its holdings in APi Group Co. (NYSE:APG) by 412.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,044,034 shares of the company’s stock after acquiring an additional 840,452 shares during the period. Assenagon Asset Management S.A. owned approximately 0.38% of APi Group worth $34,474,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of APG. Swedbank AB grew its position in shares of APi Group by 21.1% during the 2nd quarter. Swedbank AB now owns 1,860,000 shares of the company’s stock worth $69,992,000 after purchasing an additional 324,000 shares in the last quarter. Duality Advisers LP bought a new stake in shares of APi Group in the first quarter valued at approximately $1,447,000. Vanguard Group Inc. grew its position in APi Group by 5.0% during the first quarter. Vanguard Group Inc. now owns 21,822,007 shares of the company’s stock worth $856,950,000 after buying an additional 1,031,564 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in 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 acquiring an additional 35,520 shares during the period. Finally, Orion Portfolio Solutions LLC acquired a new position in APi Group in the 1st quarter valued at $1,422,000. 86.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on APG shares. Barclays reduced their target price on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. JPMorgan Chase & Co. decreased their target price 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. Finally, Robert W. Baird cut 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.86.

Insider Activity at APi Group

In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the stock in a transaction dated 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 in the company, valued at approximately $503,071,309.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other APi Group news, SVP Louis Lambert sold 5,679 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the transaction, the senior vice president now directly owns 2,421 shares in the company, valued at approximately $87,252.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Martin E. Franklin sold 178,346 shares of the firm’s stock in a transaction 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. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 340,358 shares of company stock valued at $11,653,157 in the last 90 days. 16.40% of the stock is owned by corporate insiders.

APi Group Stock Up 1.8 %

Shares of NYSE APG opened at $34.18 on Friday. The stock has a 50-day moving average price of $33.92 and a two-hundred day moving average price of $35.94. APi Group Co. has a 12 month low of $24.98 and a 12 month high of $39.98. 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 company has a market cap of $9.37 billion, a price-to-earnings ratio of -15.90 and a beta of 1.55.

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

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.