Loomis Sayles & Co. L P Has $17.69 Million Holdings in APi Group Co. (NYSE:APG)

Loomis Sayles & Co. L P raised its stake in shares of APi Group Co. (NYSE:APG) by 1.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 535,793 shares of the company’s stock after purchasing an additional 6,603 shares during the period. Loomis Sayles & Co. L P owned approximately 0.19% of APi Group worth $17,692,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB lifted its holdings in shares of APi Group by 21.1% in the second quarter. Swedbank AB now owns 1,860,000 shares of the company’s stock valued at $69,992,000 after purchasing an additional 324,000 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in APi Group by 192.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company’s stock valued at $2,121,000 after acquiring an additional 35,520 shares in the last quarter. GSA Capital Partners LLP purchased a new position in APi Group during the 3rd quarter worth $881,000. Tidal Investments LLC grew its stake in shares of APi Group by 60.0% in the 1st quarter. Tidal Investments LLC now owns 40,712 shares of the company’s stock worth $1,599,000 after acquiring an additional 15,265 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of APi Group by 60.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock worth $3,290,000 after acquiring an additional 37,531 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

APG has been the topic of a number of recent analyst reports. Robert W. Baird raised their price target on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday. Barclays boosted their target price on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. cut their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $45.00 price objective on shares of APi Group in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.71.

Insider Activity

In other news, Director Ian G. H. Ashken sold 53,868 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the sale, the director now directly owns 1,134,635 shares in the company, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is owned by company insiders.

APi Group Price Performance

APG opened at $37.64 on Wednesday. The firm has a 50-day moving average price of $34.52 and a 200-day moving average price of $35.53. APi Group Co. has a twelve month low of $29.75 and a twelve month high of $39.98. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of -19.11 and a beta of 1.54.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business earned $0.48 EPS. APi Group’s revenue was up 2.4% compared to the same quarter last year. Equities analysts expect that APi Group Co. will post 1.86 EPS for the current 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.