Principal Financial Group Inc. Has $487,000 Stake in APi Group Co. (NYSE:APG)

Principal Financial Group Inc. trimmed its stake in APi Group Co. (NYSE:APG) by 85.5% during the third quarter, Holdings Channel reports. The fund owned 14,758 shares of the company’s stock after selling 86,975 shares during the quarter. Principal Financial Group Inc.’s holdings in APi Group were worth $487,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp raised its position in shares of 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 bought a new position in APi Group in the 2nd quarter worth $132,000. Strategic Financial Concepts LLC lifted its position in APi Group by 3,622.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock worth $148,000 after acquiring an additional 382,012 shares during the last quarter. SG Americas Securities LLC bought a new stake in APi Group during the third quarter valued at about $165,000. Finally, Ellenbecker Investment Group grew its position in shares of APi Group by 8.3% in the second quarter. Ellenbecker Investment Group now owns 5,625 shares of the company’s stock valued at $212,000 after purchasing an additional 433 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on APG shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $45.00 price objective on shares of APi Group in a research report on Friday, November 1st. Robert W. Baird decreased their price target on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. JPMorgan Chase & Co. cut their price objective on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Barclays lifted their target price on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Two investment 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Insider Buying and Selling

In related news, Director James E. Lillie sold 11,568 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the sale, the director now owns 1,134,635 shares in the company, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through 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 transaction of $1,986,113.16. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is owned by corporate insiders.

APi Group Trading Up 0.0 %

Shares of APG stock opened at $37.01 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 fifty day moving average of $34.38 and a 200-day moving average of $35.52. APi Group Co. has a 52-week low of $29.75 and a 52-week high of $39.98. The stock has a market cap of $10.17 billion, a price-to-earnings ratio of -18.79 and a beta of 1.54.

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

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.