APi Group Co. (NYSE:APG) Stake Lifted by Cynosure Group LLC

Cynosure Group LLC increased its position in shares of APi Group Co. (NYSE:APG) by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,603 shares of the company’s stock after purchasing an additional 746 shares during the period. Cynosure Group LLC’s holdings in APi Group were worth $350,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its stake in APi Group by 4.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock valued at $278,000 after buying an additional 333 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of APi Group by 192.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company’s stock valued at $2,121,000 after purchasing an additional 35,520 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of APi Group by 2.3% in the 1st quarter. California State Teachers Retirement System now owns 186,362 shares of the company’s stock worth $7,318,000 after purchasing an additional 4,102 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of APi Group by 60.0% in the 1st quarter. Tidal Investments LLC now owns 40,712 shares of the company’s stock worth $1,599,000 after purchasing an additional 15,265 shares in the last quarter. Finally, Comerica Bank lifted its stake in APi Group by 109.8% during the first quarter. Comerica Bank now owns 5,641 shares of the company’s stock valued at $222,000 after purchasing an additional 2,952 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Performance

Shares of APG stock opened at $37.55 on Friday. The stock’s fifty day simple moving average is $34.61 and its 200-day simple moving average is $35.56. The company has a market capitalization of $10.32 billion, a price-to-earnings 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 Co. has a 1-year low of $29.75 and a 1-year high of $39.98.

APi Group (NYSE:APG) last issued its earnings results 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 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 firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. On average, sell-side analysts predict that APi Group Co. will post 1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on APG shares. Robert W. Baird upped their price target on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. cut their target price on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 price target on shares of APi Group in a research report on Friday, November 1st. Finally, Barclays lifted 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, November 5th. 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.71.

Insiders Place Their Bets

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

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.