62,076 Shares in APi Group Co. (NYSE:APG) Acquired by Element Capital Management LLC

Element Capital Management LLC purchased a new stake in APi Group Co. (NYSE:APG) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 62,076 shares of the company’s stock, valued at approximately $2,336,000. APi Group comprises about 0.2% of Element Capital Management LLC’s portfolio, making the stock its 26th largest position.

A number of other large investors also recently made changes to their positions in the business. Cetera Advisors LLC increased its stake in APi Group by 1.1% in the first quarter. Cetera Advisors LLC now owns 27,242 shares of the company’s stock valued at $1,070,000 after purchasing an additional 287 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of APi Group by 0.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company’s stock valued at $4,091,000 after acquiring an additional 323 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of APi Group by 4.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock worth $278,000 after acquiring an additional 333 shares during the period. J.Safra Asset Management Corp boosted its position in shares of APi Group by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock worth $79,000 after acquiring an additional 373 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in APi Group by 43.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock valued at $44,000 after purchasing an additional 390 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Stock Up 1.3 %

Shares of APi Group stock opened at $34.47 on Friday. APi Group Co. has a twelve month low of $24.61 and a twelve month high of $39.98. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of -16.03, a price-to-earnings-growth ratio of 0.99 and a beta of 1.56. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. The company has a fifty day moving average price of $35.30 and a 200 day moving average price of $36.89.

APi Group (NYSE:APG) last issued its earnings results on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.79 billion. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. Equities research analysts forecast that APi Group Co. will post 1.87 earnings per share for the current fiscal year.

Insider Buying and Selling at APi Group

In other news, SVP Louis Lambert sold 5,679 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $36.04, for a total transaction of $204,671.16. Following the transaction, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at $87,252.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Louis Lambert sold 5,679 shares of APi Group stock in a transaction on Monday, August 26th. The shares were sold at an average price of $36.04, for a total transaction of $204,671.16. Following the sale, the senior vice president now owns 2,421 shares of the company’s stock, valued at approximately $87,252.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Global Investors Lp Viking sold 1,951,782 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $38.15, for a total transaction of $74,460,483.30. The disclosure for this sale can be found here. Insiders sold 2,292,140 shares of company stock valued at $86,113,640 over the last 90 days. 16.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays decreased their price target on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Robert W. Baird reduced their target price on APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. lowered their price target on APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.86.

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.