Amundi Increases Position in APi Group Corporation $APG

Amundi lifted its holdings in shares of APi Group Corporation (NYSE:APG) by 30.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 414,384 shares of the company’s stock after buying an additional 97,864 shares during the quarter. Amundi’s holdings in APi Group were worth $21,154,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in APG. SVB Wealth LLC purchased a new stake in APi Group during the 1st quarter valued at approximately $38,000. EverSource Wealth Advisors LLC grew its stake in shares of APi Group by 547.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company’s stock valued at $65,000 after purchasing an additional 1,078 shares during the last quarter. Ulland Investment Advisors LLC increased its holdings in shares of APi Group by 41.5% in the second quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock valued at $77,000 after purchasing an additional 440 shares during the period. Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of APi Group in the second quarter valued at approximately $98,000. Finally, State of Wyoming raised its stake in shares of APi Group by 10.7% during the first quarter. State of Wyoming now owns 4,106 shares of the company’s stock worth $147,000 after purchasing an additional 397 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

APG has been the topic of a number of analyst reports. Zacks Research lowered shares of APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Barclays upped their price objective on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of APi Group in a report on Monday. Finally, Citigroup reiterated a “buy” rating and set a $45.00 price target (up from $43.00) on shares of APi Group in a research note on Monday. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.81.

APi Group Trading Up 5.9%

Shares of APG opened at $39.93 on Thursday. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $40.07. The company has a current ratio of 1.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $16.61 billion, a P/E ratio of 108.90 and a beta of 1.72. The firm’s 50-day moving average is $36.46 and its two-hundred day moving average is $34.98.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.01 billion. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 EPS. On average, research analysts predict that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other APi Group news, Director Martin E. Franklin sold 340,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total value of $12,270,600.00. Following the sale, the director owned 18,968,790 shares of the company’s stock, valued at approximately $684,583,631.10. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 900,000 shares of company stock worth $32,342,000 in the last quarter. 17.00% of the stock is currently owned by insiders.

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.