Oppenheimer Asset Management Inc. Purchases 37,531 Shares of APi Group Co. (NYSE:APG)

Oppenheimer Asset Management Inc. lifted its position in shares of APi Group Co. (NYSE:APG) by 60.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 99,647 shares of the company’s stock after acquiring an additional 37,531 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in APi Group were worth $3,290,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in APG. Vanguard Group Inc. boosted its holdings in shares of APi Group by 5.0% in the first quarter. Vanguard Group Inc. now owns 21,822,007 shares of the company’s stock worth $856,950,000 after acquiring an additional 1,031,564 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in APi Group by 4.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company’s stock worth $227,881,000 after purchasing an additional 324,544 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in APi Group by 39.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,443,315 shares of the company’s stock valued at $253,030,000 after buying an additional 1,826,227 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of APi Group by 6,312.4% during the first quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company’s stock valued at $191,822,000 after buying an additional 4,808,536 shares during the period. Finally, Capital Research Global Investors lifted its holdings in shares of APi Group by 271.2% in the first quarter. Capital Research Global Investors now owns 4,321,383 shares of the company’s stock worth $169,701,000 after buying an additional 3,157,283 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Trading Down 2.3 %

NYSE APG opened at $35.37 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The stock’s 50-day simple moving average is $34.11 and its two-hundred day simple moving average is $35.59. APi Group Co. has a twelve month low of $28.97 and a twelve month high of $39.98. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of -17.95 and a beta of 1.54.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.48 EPS. Research analysts forecast that APi Group Co. will post 1.86 EPS for the current fiscal year.

Insider Transactions at APi Group

In related news, SVP Louis Lambert sold 5,679 shares of APi Group stock in a transaction 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 transaction, the senior vice president now owns 2,421 shares in the company, valued at $87,252.84. This trade represents a 70.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martin E. Franklin sold 178,346 shares of the company’s stock in a transaction dated 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 sale, the director now owns 14,267,479 shares of the company’s stock, valued at approximately $503,071,309.54. The trade was a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 249,461 shares of company stock worth $8,907,049. 18.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

APG has been the subject of several recent analyst reports. 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 research note on Friday, August 2nd. Barclays increased their price objective on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird decreased their target price on APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. 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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.00.

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.