APi Group Co. (NYSE:APG) Holdings Lowered by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in APi Group Co. (NYSE:APG) by 0.4% in the third quarter, HoldingsChannel reports. The firm owned 1,226,748 shares of the company’s stock after selling 4,964 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in APi Group were worth $40,507,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new position in shares of APi Group in the third quarter worth about $26,000. Avior Wealth Management LLC acquired a new position in APi Group in the 3rd quarter worth approximately $33,000. J.Safra Asset Management Corp grew its position in APi Group by 21.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock worth $79,000 after purchasing an additional 373 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in APi Group during the 2nd quarter valued at $132,000. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of APi Group by 3,622.0% in the second 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. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on APG shares. Robert W. Baird lifted their price target on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a report on Friday, November 1st. Finally, Barclays boosted their price objective on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.71.

APi Group Stock Performance

Shares of NYSE APG opened at $37.65 on Wednesday. The business has a 50 day simple moving average of $34.80 and a 200 day simple moving average of $35.56. APi Group Co. has a 52 week low of $29.98 and a 52 week high of $39.98. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of -19.11 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

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

Insider Buying and Selling at APi Group

In other news, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction that occurred 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 owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction 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. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company’s stock.

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.