APi Group Corporation $APG Stock: Robeco Schweiz AG Increases Stake

Robeco Schweiz AG boosted its stake in APi Group Corporation (NYSE:APG – Free Report) by 15.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,031,691 shares of the company’s stock after buying an additional 139,692 shares during the quarter. Robeco Schweiz AG’s holdings in APi Group were worth $39,823,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Squarepoint Ops LLC grew its stake in shares of APi Group by 125.4% in the 2nd quarter. Squarepoint Ops LLC now owns 967,869 shares of the company’s stock worth $40,989,000 after acquiring an additional 538,508 shares in the last quarter. Aubrey Capital Management Ltd purchased a new stake in shares of APi Group in the second quarter valued at about $2,782,000. WINTON GROUP Ltd purchased a new stake in shares of APi Group in the second quarter valued at about $1,160,000. Principal Financial Group Inc. lifted its position in shares of APi Group by 7.5% during the first quarter. Principal Financial Group Inc. now owns 855,638 shares of the company’s stock valued at $34,670,000 after purchasing an additional 59,715 shares in the last quarter. Finally, JNBA Financial Advisors lifted its position in shares of APi Group by 66.6% during the second quarter. JNBA Financial Advisors now owns 699,242 shares of the company’s stock valued at $29,613,000 after purchasing an additional 279,448 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

APG has been the topic of several analyst reports. Citigroup restated a “buy” rating and set a $55.00 price target (up from $54.00) on shares of APi Group in a report on Monday, October 12th. Wall Street Zen downgraded shares of APi Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Wells Fargo & Company assumed coverage on shares of APi Group in a research note on Tuesday, August 4th. They issued an “overweight” rating and a $53.00 price objective for the company. UBS Group set a $52.00 target price on shares of APi Group in a research report on Monday, July 20th. Finally, Robert W. Baird set a $47.00 target price on shares of APi Group in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $52.71.

Check Out Our Latest Stock Report on APi Group

APi Group Price Performance

APi Group stock opened at $39.48 on Friday. APi Group Corporation has a 12 month low of $34.02 and a 12 month high of $49.99. The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. The business’s 50 day simple moving average is $39.65 and its 200 day simple moving average is $41.65. The company has a market cap of $17.06 billion, a price-to-earnings ratio of -58.92, a PEG ratio of 1.77 and a beta of 1.57.

APi Group (NYSE:APG – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. APi Group had a return on equity of 37.59% and a net margin of 3.99%. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same period in the prior year, the company earned $0.39 earnings per share. APi Group’s revenue was up 13.3% compared to the same quarter last year. Sell-side analysts forecast that APi Group Corporation will post 1.73 EPS for the current year.

Insider Buying and Selling at APi Group

In related news, Director James E. Lillie sold 285,000 shares of APi Group stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $39.84, for a total value of $11,354,400.00. Following the completion of the sale, the director owned 8,952,350 shares of the company’s stock, valued at approximately $356,661,624. This trade represents a 3.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian G. H. Ashken sold 214,928 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $39.91, for a total value of $8,577,776.48. Following the completion of the sale, the director owned 9,262,356 shares in the company, valued at $369,660,627.96. This represents a 2.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 660,000 shares of company stock valued at $26,353,682 in the last quarter. 18.70% of the stock is owned by corporate insiders.

About APi Group

(Free Report)

APi Group Corporation (NYSE: APG) is a global provider of safety, specialty and industrial services. The company serves commercial, industrial and infrastructure customers through a network of operating businesses that provide services designed to protect people, property and critical assets.

APi Group’s offerings include fire protection and life-safety systems, security services, heating, ventilation and air-conditioning services, industrial maintenance, specialty contracting and infrastructure services.

See Also

Want to see what other hedge funds are holding APG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for APi Group Corporation (NYSE:APG – Free Report).

Institutional Ownership by Quarter for APi Group (NYSE:APG)

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