179,174 APi Group Corporation $APG Shares Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. decreased its stake in APi Group Corporation (NYSE:APG) by 9.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,657,719 shares of the company’s stock after selling 179,174 shares during the period. APi Group accounts for approximately 2.2% of Schwartz Investment Counsel Inc.’s holdings, making the stock its 14th largest position. Schwartz Investment Counsel Inc.’s holdings in APi Group were worth $63,988,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of APG. Squarepoint Ops LLC lifted its stake in shares of APi Group by 125.4% in the 2nd quarter. Squarepoint Ops LLC now owns 967,869 shares of the company’s stock valued at $40,989,000 after purchasing an additional 538,508 shares during the period. Aubrey Capital Management Ltd bought a new position in shares of APi Group in the 2nd quarter worth $2,782,000. WINTON GROUP Ltd acquired a new stake in shares of APi Group during the second quarter worth $1,160,000. Principal Financial Group Inc. grew its stake in shares of APi Group by 7.5% during the first quarter. Principal Financial Group Inc. now owns 855,638 shares of the company’s stock worth $34,670,000 after purchasing an additional 59,715 shares during the period. Finally, JNBA Financial Advisors grew its stake in shares of APi Group by 66.6% during the second quarter. JNBA Financial Advisors now owns 699,242 shares of the company’s stock worth $29,613,000 after purchasing an additional 279,448 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Trading Up 1.2%

APG stock opened at $40.77 on Wednesday. The stock has a 50-day moving average price of $39.57 and a two-hundred day moving average price of $41.89. APi Group Corporation has a 1 year low of $34.02 and a 1 year high of $49.99.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same period in the prior year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities research analysts forecast that APi Group Corporation will post 1.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

APG has been the topic of a number of recent analyst reports. Citigroup restated a “buy” rating and set a $55.00 target price (up from $54.00) on shares of APi Group in a report on Monday, October 12th. Wells Fargo & Company assumed coverage on APi Group in a research report on Tuesday, August 4th. They set an “overweight” rating and a $53.00 target price for the company. Robert W. Baird set a $47.00 price target on APi Group in a research note on Friday, July 31st. Weiss Ratings upgraded shares of APi Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 21st. Finally, Wall Street Zen downgraded shares of APi Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, APi Group has an average rating of “Buy” and an average price target of $52.71.

Insider Transactions at APi Group

In related news, Director James Lillie sold 285,000 shares of APi Group stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $39.84, for a total transaction of $11,354,400.00. Following the completion of the transaction, the director owned 8,952,350 shares in the company, valued at approximately $356,661,624. This trade represents a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian Ashken sold 214,928 shares of APi Group stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $39.91, for a total value of $8,577,776.48. Following the transaction, the director owned 9,262,356 shares of the company’s stock, valued at $369,660,627.96. This represents a 2.27% 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. In the last three months, insiders sold 660,000 shares of company stock valued at $26,353,682. Insiders own 18.70% of the company’s stock.

About APi Group

APi Group Corporation (NYSE: APG) is a global provider of safety, specialty and industrial services. The company serves commercial, industrial and infrastructure customers through a network of operating businesses that provide services designed to protect people, property and critical assets.

APi Group’s offerings include fire protection and life-safety systems, security services, heating, ventilation and air-conditioning services, industrial maintenance, specialty contracting and infrastructure services.