Dimensional Fund Advisors LP Sells 530,759 Shares of APi Group Corporation $APG

Dimensional Fund Advisors LP lessened its holdings in APi Group Corporation (NYSE:APG) by 12.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,726,695 shares of the company’s stock after selling 530,759 shares during the period. Dimensional Fund Advisors LP’s holdings in APi Group were worth $150,963,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Norges Bank bought a new stake in APi Group during the fourth quarter valued at about $181,066,000. Durable Capital Partners LP boosted its stake in shares of APi Group by 40.2% in the third quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock worth $512,050,000 after acquiring an additional 4,274,610 shares during the period. State Street Corp boosted its stake in shares of APi Group by 50.6% in the third quarter. State Street Corp now owns 10,771,776 shares of the company’s stock worth $370,226,000 after acquiring an additional 3,620,931 shares during the period. Invesco Ltd. grew its position in shares of APi Group by 224.6% during the third quarter. Invesco Ltd. now owns 5,109,902 shares of the company’s stock worth $175,627,000 after purchasing an additional 3,535,682 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of APi Group during the fourth quarter worth about $132,125,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Trading Up 0.0%

NYSE APG opened at $39.58 on Monday. The stock has a market cap of $17.15 billion, a PE ratio of -55.74, a PEG ratio of 2.31 and a beta of 1.60. APi Group Corporation has a 12 month low of $33.40 and a 12 month high of $49.99. The company’s 50-day moving average price is $41.55 and its 200-day moving average price is $42.78. 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 (NYSE:APG) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.92 billion. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. Equities research analysts forecast that APi Group Corporation will post 1.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

APG has been the topic of a number of research analyst reports. Robert W. Baird set a $52.00 price target on APi Group in a report on Friday, May 1st. UBS Group set a $52.00 target price on shares of APi Group in a report on Monday, July 20th. 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. Barclays reiterated an “overweight” rating and set a $54.00 target price (up from $52.00) on shares of APi Group in a research report on Thursday, May 7th. Finally, Wall Street Zen raised shares of APi Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, APi Group has a consensus rating of “Moderate Buy” and an average target price of $53.17.

Insider Activity at APi Group

In related news, Director James E. Lillie sold 225,539 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $44.87, for a total value of $10,119,934.93. Following the completion of the sale, the director owned 9,296,811 shares in the company, valued at approximately $417,147,909.57. The trade was a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony E. Malkin sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $42.47, for a total value of $297,290.00. The SEC filing for this sale provides additional information. In the last three months, insiders sold 3,451,000 shares of company stock valued at $149,194,935. 18.70% of the stock is owned by insiders.

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.