Price T Rowe Associates Inc. MD Has $253.03 Million Stock Position in APi Group Co. (NYSE:APG)

Price T Rowe Associates Inc. MD lifted its position in shares of APi Group Co. (NYSE:APG) by 39.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,443,315 shares of the company’s stock after buying an additional 1,826,227 shares during the quarter. Price T Rowe Associates Inc. MD owned about 2.35% of APi Group worth $253,030,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of APi Group by 5.0% during the first quarter. Vanguard Group Inc. now owns 21,822,007 shares of the company’s stock worth $856,950,000 after buying an additional 1,031,564 shares in the last quarter. Findlay Park Partners LLP lifted its holdings in shares of APi Group by 39.1% during the first quarter. Findlay Park Partners LLP now owns 5,193,748 shares of the company’s stock worth $203,958,000 after buying an additional 1,459,000 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of APi Group by 271.2% during the first quarter. Capital Research Global Investors now owns 4,321,383 shares of the company’s stock worth $169,701,000 after buying an additional 3,157,283 shares in the last quarter. Gates Capital Management Inc. bought a new position in shares of APi Group in the fourth quarter worth $111,729,000. Finally, Dimensional Fund Advisors LP increased its position in shares of APi Group by 19.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,710,354 shares of the company’s stock worth $93,780,000 after purchasing an additional 449,571 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Price Performance

APi Group stock traded up $0.70 during midday trading on Friday, reaching $37.19. The company’s stock had a trading volume of 995,379 shares, compared to its average volume of 2,696,622. APi Group Co. has a 52 week low of $24.61 and a 52 week high of $39.98. The company has a current ratio of 1.35, a quick ratio of 1.26 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average price of $37.19 and a 200-day moving average price of $36.62. The stock has a market cap of $10.20 billion, a PE ratio of -17.30, a price-to-earnings-growth ratio of 1.09 and a beta of 1.57.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.60 billion. APi Group had a return on equity of 37.83% and a net margin of 2.49%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 earnings per share. On average, sell-side analysts predict that APi Group Co. will post 1.88 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on APG shares. Citigroup raised their price target on APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Royal Bank of Canada raised their price target on APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Monday, April 8th. Finally, Robert W. Baird raised their price target on APi Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $44.29.

Insider Transactions at APi Group

In other news, Director Ian G. H. Ashken sold 150,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $37.21, for a total transaction of $5,581,500.00. Following the sale, the director now directly owns 5,828,779 shares in the company, valued at $216,888,866.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $37.21, for a total value of $5,581,500.00. Following the transaction, the director now directly owns 5,828,779 shares of the company’s stock, valued at $216,888,866.59. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Global Investors Lp Viking sold 1,951,782 shares of APi Group stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $38.15, for a total value of $74,460,483.30. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

APi Group Company 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.