TD Asset Management Inc Decreases Stock Holdings in APi Group Corporation $APG

TD Asset Management Inc reduced its holdings in shares of APi Group Corporation (NYSE:APG) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 204,154 shares of the company’s stock after selling 13,962 shares during the quarter. TD Asset Management Inc’s holdings in APi Group were worth $7,811,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of APG. Sound Income Strategies LLC purchased a new position in shares of APi Group in the 4th quarter worth about $27,000. Clearstead Advisors LLC grew its position in 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. Silicon Valley Capital Partners increased its holdings in APi Group by 50.0% during the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock worth $29,000 after buying an additional 286 shares during the last quarter. Parallel Advisors LLC raised its position in APi Group by 55.3% in the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after acquiring an additional 297 shares during the period. Finally, Cornerstone Planning Group LLC raised its position in APi Group by 14,720.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock worth $31,000 after acquiring an additional 736 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Buying and Selling at APi Group

In related news, Director Ian G. H. Ashken sold 65,534 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $45.49, for a total value of $2,981,141.66. Following the transaction, the director directly owned 9,477,284 shares in the company, valued at approximately $431,121,649.16. This represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin E. Franklin sold 3,000,000 shares of APi Group stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $40.88, for a total transaction of $122,640,000.00. Following the sale, the director owned 21,240,426 shares of the company’s stock, valued at approximately $868,308,614.88. The trade was a 12.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,444,000 shares of company stock valued at $187,377,645 in the last 90 days. Corporate insiders own 18.70% of the company’s stock.

APi Group Stock Up 3.6%

Shares of NYSE:APG opened at $43.70 on Wednesday. The firm has a fifty day moving average price of $43.89 and a two-hundred day moving average price of $42.20. The company has a market cap of $18.93 billion, a price-to-earnings ratio of -61.55, a PEG ratio of 2.48 and a beta of 1.60. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.44 and a quick ratio of 1.36. APi Group Corporation has a one year low of $31.40 and a one year high of $49.99.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. APi Group had a return on equity of 37.63% and a net margin of 3.85%.The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the business posted $0.37 earnings per share. The firm’s revenue was up 15.3% compared to the same quarter last year. Analysts anticipate that APi Group Corporation will post 1.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on APG. Barclays reaffirmed an “overweight” rating and issued a $54.00 price target (up from $52.00) on shares of APi Group in a report on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of APi Group in a research report on Tuesday, May 26th. Robert W. Baird set a $52.00 target price on APi Group in a research note on Friday, May 1st. Citigroup reaffirmed a “buy” rating and set a $53.00 price target (up from $52.00) on shares of APi Group in a research report on Friday, May 1st. Finally, Royal Bank Of Canada increased their price target on APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.14.

About APi Group

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.