APi Group Co. (NYSE:APG) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its stake in APi Group Co. (NYSE:APG) by 21.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,461 shares of the company’s stock after buying an additional 1,831 shares during the quarter. Daiwa Securities Group Inc.’s holdings in APi Group were worth $345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. purchased a new stake in shares of APi Group during the 3rd quarter valued at approximately $26,000. Avior Wealth Management LLC purchased a new stake in APi Group in the third quarter valued at $33,000. J.Safra Asset Management Corp lifted its stake in shares of APi Group by 21.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after purchasing an additional 373 shares during the last quarter. Triad Wealth Partners LLC purchased a new position in shares of APi Group during the 2nd quarter worth $132,000. Finally, SG Americas Securities LLC acquired a new stake in shares of APi Group during the 3rd quarter worth about $165,000. 86.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a research report on Friday, November 1st. Robert W. Baird increased their price objective on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Finally, Barclays boosted their target price on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $43.71.

Insider Activity at APi Group

In other news, Director Ian G. H. Ashken sold 53,868 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Lillie sold 11,568 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the transaction, the director now directly owns 1,134,635 shares in the company, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by corporate insiders.

APi Group Trading Up 0.6 %

NYSE:APG opened at $37.78 on Monday. APi Group Co. has a 12-month low of $29.95 and a 12-month high of $39.98. The firm has a market cap of $10.38 billion, a PE ratio of -19.18 and a beta of 1.54. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock has a fifty day moving average price of $34.66 and a 200 day moving average price of $35.54.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Sell-side analysts anticipate that APi Group Co. will post 1.86 earnings per share for the current fiscal year.

About APi Group

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.