Lombard Odier Asset Management USA Corp Purchases 66,927 Shares of APi Group Corporation $APG

Lombard Odier Asset Management USA Corp increased its holdings in APi Group Corporation (NYSE:APG) by 115.3% during the 3rd quarter, Holdings Channel reports. The firm owned 124,972 shares of the company’s stock after buying an additional 66,927 shares during the period. APi Group makes up approximately 0.3% of Lombard Odier Asset Management USA Corp’s investment portfolio, making the stock its 27th biggest position. Lombard Odier Asset Management USA Corp’s holdings in APi Group were worth $4,295,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APG. Parallel Advisors LLC boosted its holdings in APi Group by 55.3% in the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after acquiring an additional 297 shares in the last quarter. Whittier Trust Co. lifted its position in shares of APi Group by 49.9% in the 3rd quarter. Whittier Trust Co. now owns 1,117 shares of the company’s stock worth $39,000 after purchasing an additional 372 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of APi Group by 50.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,275 shares of the company’s stock valued at $44,000 after purchasing an additional 425 shares in the last quarter. Clearstead Advisors LLC increased its position in shares of APi Group by 105.7% during the third quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock valued at $29,000 after buying an additional 427 shares during the period. Finally, MAI Capital Management increased its position in shares of APi Group by 78.6% during the third quarter. MAI Capital Management now owns 1,166 shares of the company’s stock valued at $40,000 after buying an additional 513 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Analyst Ratings Changes

APG has been the subject of several research analyst reports. Barclays raised their price objective on shares of APi Group from $44.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Truist Financial increased their target price on APi Group from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. UBS Group raised their target price on APi Group from $49.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. CJS Securities upgraded APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $48.57.

APi Group Price Performance

Shares of APG opened at $41.26 on Tuesday. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $46.89. The firm’s 50-day simple moving average is $42.87 and its two-hundred day simple moving average is $38.79. The stock has a market cap of $17.80 billion, a PE ratio of -54.53, a price-to-earnings-growth ratio of 2.38 and a beta of 1.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.43 and a current ratio of 1.50.

APi Group (NYSE:APG) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.09 billion. APi Group had a return on equity of 37.92% and a net margin of 3.70%.The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. Analysts anticipate that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling at APi Group

In other APi Group news, SVP Louis Lambert sold 22,000 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $44.71, for a total value of $983,620.00. Following the sale, the senior vice president directly owned 16,148 shares of the company’s stock, valued at approximately $721,977.08. The trade was a 57.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ian G. H. Ashken sold 114,409 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $43.12, for a total value of $4,933,316.08. Following the transaction, the director owned 10,633,830 shares of the company’s stock, valued at $458,530,749.60. The trade was a 1.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 682,000 shares of company stock worth $29,693,385. 17.00% of the stock is owned by insiders.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.