Cerity Partners LLC Acquires 22,652 Shares of APi Group Co. (NYSE:APG)

Cerity Partners LLC increased its position in APi Group Co. (NYSE:APG) by 42.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,168 shares of the company’s stock after acquiring an additional 22,652 shares during the period. Cerity Partners LLC’s holdings in APi Group were worth $2,515,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Cooke & Bieler LP grew its stake in shares of APi Group by 218.9% during the 2nd quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company’s stock valued at $108,545,000 after purchasing an additional 1,979,931 shares during the period. Millennium Management LLC bought a new stake in APi Group in the 2nd quarter valued at $67,412,000. Artemis Investment Management LLP increased its stake in APi Group by 65.8% in the 2nd quarter. Artemis Investment Management LLP now owns 2,543,375 shares of the company’s stock worth $95,707,000 after acquiring an additional 1,009,328 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of APi Group by 382.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,064,395 shares of the company’s stock worth $40,053,000 after buying an additional 843,826 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of APi Group by 412.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,044,034 shares of the company’s stock valued at $34,474,000 after purchasing an additional 840,452 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

APi Group Price Performance

Shares of APG opened at $37.78 on Monday. The company has a market capitalization of $10.38 billion, a P/E ratio of -19.18 and a beta of 1.54. The business’s 50-day moving average is $34.66 and its two-hundred day moving average is $35.54. 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 fifty-two week low of $29.95 and a fifty-two week high of $39.98.

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

Insiders Place Their Bets

In other news, Director Ian G. H. Ashken sold 53,868 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction on Monday, November 11th. The shares were 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 position. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on APG. Barclays upped their target price on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada restated a “sector perform” rating and set a $45.00 price objective on shares of APi Group in a research note on Friday, November 1st. Finally, Robert W. Baird raised their price objective on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.71.

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.