Lombard Odier Asset Management USA Corp Has $2.28 Million Stock Holdings in APi Group Corporation $APG

Lombard Odier Asset Management USA Corp cut its holdings in APi Group Corporation (NYSE:APG) by 52.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 59,593 shares of the company’s stock after selling 65,379 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in APi Group were worth $2,280,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in APG. Sound Income Strategies LLC acquired a new stake in APi Group in the fourth quarter valued at approximately $27,000. Clearstead Advisors LLC lifted its stake in APi Group by 105.7% in the third quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock valued at $29,000 after acquiring an additional 427 shares during the last quarter. Silicon Valley Capital Partners lifted its stake in APi Group by 50.0% in the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after acquiring an additional 286 shares during the last quarter. Parallel Advisors LLC lifted its stake 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 during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in APi Group by 1,851.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock valued at $29,000 after acquiring an additional 722 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APG has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings cut shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Royal Bank Of Canada lifted their target price on shares of APi Group from $45.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Citigroup restated a “buy” rating and issued a $53.00 price objective (up from $52.00) on shares of APi Group in a research note on Friday, May 1st. Finally, Barclays restated an “overweight” rating and issued a $54.00 price objective (up from $52.00) on shares of APi Group in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.14.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 59,461 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $45.50, for a total value of $2,705,475.50. Following the completion of the sale, the director directly owned 9,237,350 shares in the company, valued at approximately $420,299,425. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian G. H. Ashken sold 65,534 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $45.49, for a total transaction of $2,981,141.66. Following the completion of the sale, the director owned 9,477,284 shares of the company’s stock, valued at $431,121,649.16. The trade was a 0.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 6,444,000 shares of company stock worth $271,537,645. 18.70% of the stock is owned by insiders.

APi Group Price Performance

Shares of APi Group stock opened at $42.48 on Wednesday. The firm has a fifty day simple moving average of $43.99 and a 200-day simple moving average of $42.35. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79. APi Group Corporation has a 1-year low of $31.95 and a 1-year high of $49.99. The stock has a market capitalization of $18.40 billion, a price-to-earnings ratio of -59.83, a PEG ratio of 2.44 and a beta of 1.60.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the company earned $0.37 earnings per share. APi Group’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, sell-side analysts expect that APi Group Corporation will post 1.7 earnings per share for the current year.

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.