Artemis Investment Management LLP Cuts Stock Holdings in APi Group Co. (NYSE:APG)

Artemis Investment Management LLP trimmed its holdings in APi Group Co. (NYSE:APG) by 77.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 323,202 shares of the company’s stock after selling 1,105,876 shares during the period. Artemis Investment Management LLP’s holdings in APi Group were worth $11,626,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in shares of APi Group by 19.2% during the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock valued at $277,079,000 after buying an additional 1,351,013 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in APi Group by 4.9% in the third 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 last quarter. Geode Capital Management LLC raised its position in shares of APi Group by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock valued at $123,217,000 after buying an additional 106,119 shares in the last quarter. State Street Corp raised its position in APi Group by 3.7% during the third quarter. State Street Corp now owns 3,723,241 shares of the company’s stock valued at $122,941,000 after purchasing an additional 132,971 shares during the period. Finally, Select Equity Group L.P. lifted its position in APi Group by 7.6% in the second quarter. Select Equity Group L.P. now owns 2,464,597 shares of the company’s stock worth $92,743,000 after buying an additional 173,544 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling at APi Group

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

APi Group Price Performance

Shares of NYSE APG opened at $37.50 on Monday. 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 firm has a market cap of $10.30 billion, a PE ratio of -19.03 and a beta of 1.55. APi Group Co. has a one year low of $31.26 and a one year high of $40.89. The firm has a fifty day moving average of $37.07 and a 200 day moving average of $35.56.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Tuesday, January 14th. Barclays lifted their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Robert W. Baird raised their target price on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Citigroup decreased their price objective on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, William Blair restated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.14.

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.