APi Group Co. (NYSE:APG) Shares Purchased by River Road Asset Management LLC

River Road Asset Management LLC boosted its holdings in shares of APi Group Co. (NYSE:APG) by 42.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 243,951 shares of the company’s stock after purchasing an additional 73,272 shares during the quarter. River Road Asset Management LLC owned approximately 0.09% of APi Group worth $8,055,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in APi Group in the first quarter worth $884,000. Janney Montgomery Scott LLC bought a new position in APi Group during the first quarter valued at about $221,000. Daiwa Securities Group Inc. purchased a new stake in shares of APi Group during the first quarter valued at $235,000. Whittier Trust Co. lifted its holdings in shares of APi Group by 100.9% during the first quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock valued at $59,000 after purchasing an additional 752 shares during the last quarter. Finally, Duality Advisers LP purchased a new stake in shares of APi Group during the first quarter valued at $1,447,000. 86.62% of the stock is currently owned by institutional investors.

APi Group Price Performance

Shares of NYSE:APG opened at $35.09 on Wednesday. APi Group Co. has a 1-year low of $26.65 and a 1-year high of $39.98. The firm has a market capitalization of $9.64 billion, a PE ratio of -17.81 and a beta of 1.54. The business’s 50 day moving average is $33.75 and its 200-day moving average is $35.64. 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 posted its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $1.83 billion during 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%. APi Group’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $0.48 EPS. Sell-side analysts predict that APi Group Co. will post 1.85 earnings per share for the current year.

Insider Buying and Selling

In other APi Group news, SVP Louis Lambert sold 5,679 shares of APi Group stock in a transaction on Monday, August 26th. The stock was 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 owns 2,421 shares in the company, valued at approximately $87,252.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Louis Lambert sold 5,679 shares of APi Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the sale, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at approximately $87,252.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martin E. Franklin sold 178,346 shares of APi Group stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total value of $6,288,479.96. Following the completion of the sale, the director now directly owns 14,267,479 shares of the company’s stock, valued at $503,071,309.54. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

APG has been the subject of several research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $45.00 price objective on shares of APi Group in a research note on Friday, November 1st. Barclays raised their price target on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday. Robert W. Baird lowered their price objective on APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.