Victory Capital Management Inc. Sells 27,563 Shares of APi Group Co. (NYSE:APG)

Victory Capital Management Inc. trimmed its position in shares of APi Group Co. (NYSE:APG) by 15.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 148,758 shares of the company’s stock after selling 27,563 shares during the period. Victory Capital Management Inc.’s holdings in APi Group were worth $4,912,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of APG. Janney Montgomery Scott LLC acquired a new stake in APi Group during the first quarter worth about $221,000. O Shaughnessy Asset Management LLC grew its stake in APi Group by 4.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock worth $278,000 after buying an additional 333 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in APi Group by 192.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company’s stock worth $2,121,000 after buying an additional 35,520 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in APi Group by 39.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,443,315 shares of the company’s stock worth $253,030,000 after buying an additional 1,826,227 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC acquired a new stake in APi Group during the first quarter worth about $271,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Up 0.0 %

APi Group stock opened at $37.01 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group Co. has a 52-week low of $29.75 and a 52-week high of $39.98. The firm has a 50 day moving average price of $34.38 and a two-hundred day moving average price of $35.55. The firm has a market cap of $10.17 billion, a price-to-earnings ratio of -18.79 and a beta of 1.54.

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other 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 value of $204,671.16. Following the completion of the sale, the senior vice president now owns 2,421 shares in the company, valued at $87,252.84. The trade was a 70.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the sale, the director now owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,115 shares of company stock worth $2,618,569. 18.20% 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.