APi Group Corporation $APG Stock Acquired by Cooke & Bieler LP

Cooke & Bieler LP lifted its stake in shares of APi Group Corporation (NYSE:APG) by 13.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,030,753 shares of the company’s stock after buying an additional 243,225 shares during the quarter. Cooke & Bieler LP’s holdings in APi Group were worth $78,387,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of APG. Squarepoint Ops LLC raised its stake in APi Group by 125.4% during the second quarter. Squarepoint Ops LLC now owns 967,869 shares of the company’s stock valued at $40,989,000 after buying an additional 538,508 shares in the last quarter. Aubrey Capital Management Ltd bought a new position in APi Group during the 2nd quarter worth approximately $2,782,000. WINTON GROUP Ltd bought a new position in APi Group during the 2nd quarter worth approximately $1,160,000. Principal Financial Group Inc. lifted its holdings in APi Group by 7.5% during the 1st quarter. Principal Financial Group Inc. now owns 855,638 shares of the company’s stock worth $34,670,000 after buying an additional 59,715 shares during the last quarter. Finally, JNBA Financial Advisors grew its position in shares of APi Group by 66.6% in the 2nd quarter. JNBA Financial Advisors now owns 699,242 shares of the company’s stock worth $29,613,000 after acquiring an additional 279,448 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APG has been the topic of several research reports. Wells Fargo & Company started coverage on APi Group in a research report on Tuesday, August 4th. They set an “overweight” rating and a $53.00 price target on the stock. UBS Group set a $52.00 price objective on APi Group in a research note on Monday, July 20th. Robert W. Baird set a $47.00 price objective on shares of APi Group in a report on Friday, July 31st. Weiss Ratings downgraded shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, October 6th. Finally, Wall Street Zen lowered shares of APi Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, APi Group has a consensus rating of “Buy” and a consensus target price of $52.71.

APi Group Price Performance

APG opened at $40.21 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.39 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average price is $39.83 and its 200 day moving average price is $41.69. APi Group Corporation has a fifty-two week low of $33.52 and a fifty-two week high of $49.99. The firm has a market cap of $17.38 billion, a price-to-earnings ratio of -60.02, a price-to-earnings-growth ratio of 1.80 and a beta of 1.57.

APi Group (NYSE:APG) last issued its earnings results on Thursday, July 30th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. APi Group had a return on equity of 37.59% and a net margin of 3.99%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. APi Group’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts expect that APi Group Corporation will post 1.73 earnings per share for the current year.

Insider Buying and Selling

In other news, Director James Lillie sold 285,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $39.84, for a total transaction of $11,354,400.00. Following the sale, the director directly owned 8,952,350 shares in the company, valued at approximately $356,661,624. This represents a 3.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian Ashken sold 85,072 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $40.36, for a total value of $3,433,505.92. Following the completion of the sale, the director directly owned 9,177,284 shares in the company, valued at approximately $370,395,182.24. This trade represents a 0.92% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 660,000 shares of company stock worth $26,353,682 over the last quarter. Insiders own 18.70% of the company’s stock.

APi Group Profile

APi Group Corporation (NYSE: APG) is a global provider of safety, specialty and industrial services. The company serves commercial, industrial and infrastructure customers through a network of operating businesses that provide services designed to protect people, property and critical assets.

APi Group’s offerings include fire protection and life-safety systems, security services, heating, ventilation and air-conditioning services, industrial maintenance, specialty contracting and infrastructure services.