70,363 Shares in APi Group Corporation $APG Bought by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd acquired a new stake in APi Group Corporation (NYSE:APG) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 70,363 shares of the company’s stock, valued at approximately $2,851,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of APG. Janus Henderson Group PLC raised its stake in APi Group by 4.0% during the fourth quarter. Janus Henderson Group PLC now owns 23,116,168 shares of the company’s stock worth $884,409,000 after acquiring an additional 887,729 shares in the last quarter. Durable Capital Partners LP grew its holdings in shares of APi Group by 40.2% during the 3rd quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock valued at $512,050,000 after purchasing an additional 4,274,610 shares during the last quarter. Viking Global Investors LP grew its holdings in shares of APi Group by 6.7% during the 3rd quarter. Viking Global Investors LP now owns 12,306,277 shares of the company’s stock valued at $422,967,000 after purchasing an additional 768,759 shares during the last quarter. State Street Corp increased its position in APi Group by 0.8% during the 4th quarter. State Street Corp now owns 10,863,164 shares of the company’s stock worth $415,625,000 after purchasing an additional 91,388 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in APi Group by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 7,250,619 shares of the company’s stock worth $277,465,000 after purchasing an additional 624,529 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Weiss Ratings lowered shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Robert W. Baird set a $52.00 price target on APi Group in a research note on Friday, May 1st. Truist Financial set a $55.00 price objective on APi Group and gave the company a “buy” rating in a report on Friday, May 1st. Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, UBS Group set a $52.00 target price on APi Group in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.17.

APi Group Stock Up 0.0%

NYSE:APG opened at $39.58 on Friday. APi Group Corporation has a one year low of $33.40 and a one year high of $49.99. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.44 and a quick ratio of 1.36. The company has a market cap of $17.15 billion, a PE ratio of -55.74, a P/E/G ratio of 2.31 and a beta of 1.60. The firm’s 50 day simple moving average is $41.55 and its 200 day simple moving average is $42.76.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.92 billion. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The company’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 EPS. On average, research analysts anticipate that APi Group Corporation will post 1.71 earnings per share for the current year.

Insider Buying and Selling at APi Group

In related news, Director Ian G. H. Ashken sold 65,534 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $45.49, for a total value of $2,981,141.66. Following the completion of the sale, the director directly owned 9,477,284 shares in the company, valued at $431,121,649.16. This represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $42.08, for a total value of $84,160,000.00. Following the completion of the sale, the director owned 19,240,426 shares of the company’s stock, valued at $809,637,126.08. The trade was a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,451,000 shares of company stock worth $149,194,935. Company insiders own 18.70% of the company’s stock.

APi Group Profile

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.