FORA Capital LLC Acquires Shares of 45,064 APi Group Co. (NYSE:APG)

FORA Capital LLC acquired a new stake in APi Group Co. (NYSE:APG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 45,064 shares of the company’s stock, valued at approximately $1,488,000.

Several other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in APi Group by 4.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company’s stock valued at $227,881,000 after buying an additional 324,544 shares during the period. Cooke & Bieler LP increased its stake in APi Group by 218.9% in the 2nd quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company’s stock valued at $108,545,000 after buying an additional 1,979,931 shares during the period. Artemis Investment Management LLP grew its stake in shares of APi Group by 65.8% during the 2nd quarter. Artemis Investment Management LLP now owns 2,543,375 shares of the company’s stock worth $95,707,000 after purchasing an additional 1,009,328 shares during the period. Select Equity Group L.P. grew its stake in shares of APi Group by 7.6% during the 2nd quarter. Select Equity Group L.P. now owns 2,464,597 shares of the company’s stock worth $92,743,000 after purchasing an additional 173,544 shares during the period. Finally, M.D. Sass LLC grew its stake in shares of APi Group by 7.5% during the 3rd quarter. M.D. Sass LLC now owns 2,313,473 shares of the company’s stock worth $76,391,000 after purchasing an additional 160,595 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on APG. Robert W. Baird upped their price target on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 price target on shares of APi Group in a research note on Friday, November 1st. Finally, Barclays upped their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.71.

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the transaction, the director now directly owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ian G. H. Ashken sold 53,868 shares of the company’s 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 completion of the transaction, the director now owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This trade 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 insiders.

APi Group Price Performance

Shares of NYSE APG opened at $37.55 on Thursday. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of -19.06 and a beta of 1.54. APi Group Co. has a 52 week low of $29.75 and a 52 week high of $39.98. The company’s 50-day moving average price is $34.58 and its 200 day moving average price is $35.54. 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 (NYSE:APG) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 EPS. As a group, research analysts forecast that APi Group Co. will post 1.86 earnings per share for the current fiscal year.

About APi Group

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.