Wolverine Asset Management LLC Decreases Stock Holdings in APi Group Co. (NYSE:APG)

Wolverine Asset Management LLC lowered its stake in APi Group Co. (NYSE:APG) by 45.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,000 shares of the company’s stock after selling 58,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in APi Group were worth $2,311,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of APi Group by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 21,822,007 shares of the company’s stock worth $856,950,000 after buying an additional 1,031,564 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in APi Group by 4.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company’s stock worth $227,881,000 after purchasing an additional 324,544 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of APi Group by 39.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,443,315 shares of the company’s stock valued at $253,030,000 after purchasing an additional 1,826,227 shares during the period. Janus Henderson Group PLC increased its position in shares of APi Group by 6,312.4% during the 1st quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company’s stock valued at $191,822,000 after purchasing an additional 4,808,536 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of APi Group by 271.2% in the 1st quarter. Capital Research Global Investors now owns 4,321,383 shares of the company’s stock worth $169,701,000 after purchasing an additional 3,157,283 shares during the period. Institutional investors own 86.62% of the company’s stock.

Insider Buying and Selling at APi Group

In related news, SVP Louis Lambert sold 5,679 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $36.04, for a total value of $204,671.16. Following the sale, the senior vice president now directly owns 2,421 shares in the company, valued at approximately $87,252.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other APi Group news, SVP Louis Lambert sold 5,679 shares of APi Group stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $36.04, for a total value of $204,671.16. Following the sale, the senior vice president now owns 2,421 shares of the company’s stock, valued at $87,252.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Martin E. Franklin sold 178,346 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total value of $6,288,479.96. Following the transaction, the director now owns 14,267,479 shares of the company’s stock, valued at $503,071,309.54. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.20% of the company’s stock.

APi Group Stock Down 0.6 %

Shares of APG opened at $36.87 on Tuesday. APi Group Co. has a 12-month low of $27.70 and a 12-month high of $39.98. 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 company has a market capitalization of $10.13 billion, a PE ratio of -18.72 and a beta of 1.54. The business’s 50 day moving average is $33.87 and its 200 day moving average is $35.61.

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

Analyst Upgrades and Downgrades

APG has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a report on Friday, November 1st. Barclays boosted their price target on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird decreased their price objective on APi Group from $43.00 to $42.00 and set an “outperform” 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 given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.00.

APi Group 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.