Envestnet Asset Management Inc. Has $1.66 Million Holdings in APi Group Co. (NYSE:APG)

Envestnet Asset Management Inc. lifted its holdings in shares of APi Group Co. (NYSE:APGGet Rating) by 6.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 110,655 shares of the company’s stock after buying an additional 6,990 shares during the period. Envestnet Asset Management Inc.’s holdings in APi Group were worth $1,657,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Prudential Financial Inc. raised its holdings in shares of APi Group by 6,301.4% in the 1st quarter. Prudential Financial Inc. now owns 880,510 shares of the company’s stock valued at $18,517,000 after purchasing an additional 866,755 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of APi Group by 163.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,203,117 shares of the company’s stock valued at $25,302,000 after purchasing an additional 746,708 shares during the period. Robeco Schweiz AG raised its holdings in shares of APi Group by 17.4% in the 1st quarter. Robeco Schweiz AG now owns 3,066,900 shares of the company’s stock valued at $64,497,000 after purchasing an additional 454,998 shares during the period. Blackstone Inc. bought a new stake in shares of APi Group in the 1st quarter valued at about $8,193,000. Finally, M.D. Sass Investors Services Inc. raised its holdings in shares of APi Group by 23.6% in the 1st quarter. M.D. Sass Investors Services Inc. now owns 1,888,855 shares of the company’s stock valued at $39,723,000 after purchasing an additional 360,070 shares during the period. 73.28% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Performance

Shares of NYSE:APG opened at $18.94 on Monday. The company’s 50 day moving average price is $15.67 and its two-hundred day moving average price is $16.18. APi Group Co. has a 12-month low of $13.09 and a 12-month high of $26.84. The firm has a market cap of $4.43 billion, a PE ratio of -26.68, a PEG ratio of 0.68 and a beta of 1.58. The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 1.29.

APi Group (NYSE:APGGet Rating) last announced its earnings results on Thursday, November 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. APi Group had a net margin of 0.92% and a return on equity of 15.13%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue was up 65.7% compared to the same quarter last year. Equities research analysts predict that APi Group Co. will post 1.31 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on APG. TheStreet raised shares of APi Group from a “d+” rating to a “c-” rating in a report on Thursday, November 3rd. Barclays lowered their price target on shares of APi Group from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, October 3rd. Finally, Royal Bank of Canada increased their price target on shares of APi Group from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $22.17.

Insiders Place Their Bets

In other APi Group news, Director Anthony E. Malkin bought 21,500 shares of the firm’s stock in a transaction on Monday, September 19th. The shares were purchased at an average price of $15.10 per share, for a total transaction of $324,650.00. Following the transaction, the director now directly owns 77,396 shares in the company, valued at approximately $1,168,679.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Anthony E. Malkin purchased 8,554 shares of APi Group stock in a transaction that occurred on Thursday, September 15th. The shares were acquired at an average price of $15.35 per share, for a total transaction of $131,303.90. Following the transaction, the director now owns 53,757 shares of the company’s stock, valued at approximately $825,169.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony E. Malkin purchased 21,500 shares of APi Group stock in a transaction that occurred on Monday, September 19th. The shares were purchased at an average price of $15.10 per share, for a total transaction of $324,650.00. Following the transaction, the director now directly owns 77,396 shares in the company, valued at approximately $1,168,679.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 31,792 shares of company stock worth $482,592 in the last quarter. Corporate insiders own 13.70% of the company’s stock.

About APi Group

(Get Rating)

APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems.

Further Reading

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

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