Robeco Schweiz AG Makes New Investment in APi Group Co. (NYSE:APG)

Robeco Schweiz AG acquired a new position in shares of APi Group Co. (NYSE:APG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 786,734 shares of the company’s stock, valued at approximately $29,605,000. Robeco Schweiz AG owned about 0.29% of APi Group at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in APi Group by 10.2% during the fourth quarter. Vanguard Group Inc. now owns 20,790,443 shares of the company’s stock worth $719,349,000 after buying an additional 1,930,059 shares during the last quarter. Swedbank AB grew its stake in APi Group by 21.1% during the second quarter. Swedbank AB now owns 1,860,000 shares of the company’s stock worth $69,992,000 after buying an additional 324,000 shares during the last quarter. Duality Advisers LP bought a new stake in APi Group during the first quarter worth about $1,447,000. Capital World Investors grew its stake in APi Group by 794.6% during the fourth quarter. Capital World Investors now owns 1,185,771 shares of the company’s stock worth $41,028,000 after buying an additional 1,053,222 shares during the last quarter. Finally, 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 during the last quarter. 86.62% of the stock is owned by institutional investors.

Insider Activity at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $33.03, for a total value of $4,954,500.00. Following the sale, the director now directly owns 5,678,779 shares in the company, valued at $187,570,070.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $33.03, for a total value of $4,954,500.00. Following the sale, the director now directly owns 5,678,779 shares in the company, valued at $187,570,070.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Martin E. Franklin sold 178,346 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the completion of the sale, the director now owns 14,267,479 shares in the company, valued at $503,071,309.54. The disclosure for this sale can be found here. Insiders have sold 2,292,140 shares of company stock worth $86,113,640 over the last ninety days. Company insiders own 16.40% of the company’s stock.

APi Group Stock Up 0.7 %

Shares of NYSE APG opened at $34.04 on Friday. The company’s 50 day simple moving average is $35.35 and its 200 day simple moving average is $36.89. APi Group Co. has a fifty-two week low of $24.61 and a fifty-two week high of $39.98. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.38 and a current ratio of 1.48.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the business posted $0.41 earnings per share. APi Group’s revenue was down 2.3% compared to the same quarter last year. On average, research analysts anticipate that APi Group Co. will post 1.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective 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. Robert W. Baird decreased 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, Barclays decreased their price target on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.86.

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.