APi Group Co. (NYSE:APG) Shares Acquired by Thematics Asset Management

Thematics Asset Management increased its holdings in APi Group Co. (NYSE:APG) by 12.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 818,000 shares of the company’s stock after acquiring an additional 91,000 shares during the quarter. Thematics Asset Management owned approximately 0.30% of APi Group worth $27,010,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in APG. First Horizon Advisors Inc. purchased a new position in APi Group during the 3rd quarter worth $26,000. Avior Wealth Management LLC purchased a new position in APi Group during the third quarter worth about $33,000. J.Safra Asset Management Corp lifted its position in APi Group by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after purchasing an additional 373 shares during the period. Triad Wealth Partners LLC purchased a new stake in APi Group in the 2nd quarter valued at approximately $132,000. Finally, Strategic Financial Concepts LLC boosted its holdings in APi Group by 3,622.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock valued at $148,000 after purchasing an additional 382,012 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Price Performance

APG stock traded down $0.76 on Tuesday, reaching $37.49. The company had a trading volume of 127,473 shares, compared to its average volume of 1,705,401. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The company’s fifty day moving average is $34.46 and its 200 day moving average is $35.52. The company has a market cap of $10.30 billion, a P/E ratio of -19.42 and a beta of 1.54. APi Group Co. has a 1 year low of $29.75 and a 1 year high of $39.98.

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

Insider Activity at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the sale, the director now directly owns 5,478,779 shares in the company, valued at $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the transaction, the director now directly owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on APG. Barclays raised their price target on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Royal Bank of Canada restated a “sector perform” rating and set a $45.00 target price on shares of APi Group in a research report on Friday, November 1st. Finally, Robert W. Baird decreased their price target 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. Two 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.00.

About APi Group

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.