APi Group Co. (NYSE:APG) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC reduced its position in APi Group Co. (NYSE:APG) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,191 shares of the company’s stock after selling 2,809 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in APi Group were worth $4,448,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of APG. Element Capital Management LLC acquired a new position in shares of APi Group in the second quarter worth $2,336,000. Envestnet Asset Management Inc. grew its stake in APi Group by 8.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 326,207 shares of the company’s stock worth $12,275,000 after purchasing an additional 25,655 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in APi Group by 37.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 62,116 shares of the company’s stock worth $2,337,000 after purchasing an additional 17,030 shares during the period. Robeco Schweiz AG acquired a new stake in APi Group in the 2nd quarter valued at about $29,605,000. Finally, Qsemble Capital Management LP boosted its stake in shares of APi Group by 19.2% in the 2nd quarter. Qsemble Capital Management LP now owns 15,626 shares of the company’s stock valued at $588,000 after buying an additional 2,513 shares during the period. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on APG shares. JPMorgan Chase & Co. lowered their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Barclays cut their price target on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, Robert W. Baird lowered their price objective on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, APi Group has an average rating of “Moderate Buy” and an average price target of $43.86.

APi Group Stock Up 1.3 %

APG opened at $34.47 on Monday. The stock has a market capitalization of $9.45 billion, a P/E ratio of -16.03, a price-to-earnings-growth ratio of 0.99 and a beta of 1.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.48. APi Group Co. has a one year low of $24.61 and a one year high of $39.98. The business’s 50-day simple moving average is $35.30 and its 200-day simple moving average is $36.90.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the prior year, the company earned $0.41 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. Analysts anticipate that APi Group Co. will post 1.87 EPS for the current year.

Insider Buying and Selling at APi Group

In related news, SVP Louis Lambert sold 6,333 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $32.45, for a total transaction of $205,505.85. Following the transaction, the senior vice president now owns 8,100 shares of the company’s stock, valued at $262,845. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other APi Group news, SVP Louis Lambert sold 6,333 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $32.45, for a total transaction of $205,505.85. Following the completion of the sale, the senior vice president now directly owns 8,100 shares of the company’s stock, valued at approximately $262,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Martin E. Franklin sold 178,346 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 directly owns 14,267,479 shares in the company, valued at approximately $503,071,309.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 340,358 shares of company stock worth $11,653,157. 16.40% of the stock is owned by company insiders.

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.