US Bancorp DE Sells 3,208 Shares of APi Group Co. (NYSE:APG)

US Bancorp DE cut its holdings in APi Group Co. (NYSE:APG) by 33.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,265 shares of the company’s stock after selling 3,208 shares during the quarter. US Bancorp DE’s holdings in APi Group were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC bought a new position in shares of APi Group in the 1st quarter worth $221,000. Envestnet Portfolio Solutions Inc. raised its position in shares of APi Group by 27.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 7,488 shares of the company’s stock valued at $294,000 after acquiring an additional 1,592 shares during the period. SG Americas Securities LLC boosted its stake in APi Group by 154.8% during the 1st quarter. SG Americas Securities LLC now owns 12,484 shares of the company’s stock worth $490,000 after acquiring an additional 7,585 shares during the last quarter. Swiss National Bank boosted its stake in APi Group by 11.0% during the 1st quarter. Swiss National Bank now owns 361,100 shares of the company’s stock worth $14,180,000 after acquiring an additional 35,800 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in APi Group by 1.9% during the first quarter. Russell Investments Group Ltd. now owns 258,978 shares of the company’s stock valued at $10,170,000 after purchasing an additional 4,813 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Trading Down 0.8 %

APG opened at $36.21 on Friday. The stock has a market capitalization of $9.95 billion, a P/E ratio of -18.30 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 12 month low of $28.86 and a 12 month high of $39.98. The firm’s fifty day simple moving average is $34.00 and its 200 day simple moving average is $35.61.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 price objective on shares of APi Group in a research note on Friday, November 1st. Robert W. Baird reduced their target price on APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, Barclays increased their price target on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a 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 stock has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Insider Buying and Selling at APi Group

In other news, Director Martin E. Franklin sold 178,346 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total value of $6,288,479.96. Following the completion of the transaction, the director now owns 14,267,479 shares in the company, valued at $503,071,309.54. This trade represents a 1.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction dated 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 completion of the sale, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 249,461 shares of company stock worth $8,907,049. 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.