M.D. Sass LLC Purchases 160,595 Shares of APi Group Co. (NYSE:APG)

M.D. Sass LLC grew its position in shares of APi Group Co. (NYSE:APG) by 7.5% during the third quarter, Holdings Channel.com reports. The fund owned 2,313,473 shares of the company’s stock after purchasing an additional 160,595 shares during the quarter. APi Group comprises 5.7% of M.D. Sass LLC’s portfolio, making the stock its 7th biggest holding. M.D. Sass LLC’s holdings in APi Group were worth $76,391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. bought a new stake in APi Group in the 3rd quarter worth about $26,000. Avior Wealth Management LLC bought a new position in APi Group during the third quarter valued at $33,000. J.Safra Asset Management Corp grew its stake in shares of APi Group by 21.5% during the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after buying an additional 373 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in APi Group during the second quarter valued at about $132,000. Finally, Strategic Financial Concepts LLC grew its position in APi Group by 3,622.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock worth $148,000 after purchasing an additional 382,012 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird reduced their target price on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 price target on shares of APi Group in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. decreased their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

APi Group Stock Down 2.0 %

APG stock traded down $0.78 during midday trading on Tuesday, hitting $37.47. 117,003 shares of the company’s stock were exchanged, compared to its average volume of 1,705,255. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of -19.42 and a beta of 1.54. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group Co. has a 12-month low of $29.75 and a 12-month high of $39.98. The firm has a 50 day moving average price of $34.46 and a 200-day moving average price of $35.52.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 earnings per share. On average, analysts anticipate that APi Group Co. will post 1.86 EPS for the current year.

Insider Activity

In other news, Director James E. Lillie sold 11,568 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the sale, the director now owns 1,134,635 shares in the company, valued at $41,958,802.30. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 5,478,779 shares in the company, valued at $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company’s stock.

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.