APi Group Corporation $APG Shares Bought by Robeco Schweiz AG

Robeco Schweiz AG increased its stake in APi Group Corporation (NYSE:APG) by 15.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,031,691 shares of the company’s stock after acquiring an additional 139,692 shares during the quarter. Robeco Schweiz AG owned about 0.24% of APi Group worth $39,823,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in APG. Simplicity Wealth LLC lifted its position in shares of APi Group by 54.5% in the 3rd quarter. Simplicity Wealth LLC now owns 34,721 shares of the company’s stock worth $1,340,000 after purchasing an additional 12,241 shares during the period. Gibbs Wealth Management boosted its stake in shares of APi Group by 112.5% in the 3rd quarter. Gibbs Wealth Management now owns 19,671 shares of the company’s stock valued at $759,000 after purchasing an additional 10,416 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of APi Group by 2.4% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 11,932 shares of the company’s stock valued at $461,000 after purchasing an additional 274 shares during the last quarter. Inspire Investing LLC increased its position in shares of APi Group by 2.6% during the third quarter. Inspire Investing LLC now owns 22,773 shares of the company’s stock worth $879,000 after buying an additional 572 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in shares of APi Group during the third quarter worth $49,000. 86.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

APG has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of APi Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of APi Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. UBS Group set a $52.00 price target on shares of APi Group in a research report on Monday, July 20th. Robert W. Baird set a $47.00 price target on APi Group in a report on Friday, July 31st. Finally, Wells Fargo & Company began coverage on APi Group in a research report on Tuesday, August 4th. They issued an “overweight” rating and a $53.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $52.71.

Insider Activity

In related news, Director Ian G. H. Ashken sold 85,072 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $40.36, for a total value of $3,433,505.92. Following the transaction, the director owned 9,177,284 shares of the company’s stock, valued at approximately $370,395,182.24. This trade represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James E. Lillie sold 285,000 shares of APi Group stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $39.84, for a total value of $11,354,400.00. Following the transaction, the director owned 8,952,350 shares of the company’s stock, valued at $356,661,624. This trade represents a 3.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 660,000 shares of company stock valued at $26,353,682. 18.70% of the stock is currently owned by insiders.

APi Group Stock Performance

Shares of APG stock opened at $39.48 on Friday. The firm has a market capitalization of $17.06 billion, a PE ratio of -58.92, a price-to-earnings-growth ratio of 1.77 and a beta of 1.57. The firm has a fifty day simple moving average of $39.65 and a two-hundred day simple moving average of $41.65. The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. APi Group Corporation has a 12 month low of $34.02 and a 12 month high of $49.99.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.20 billion. APi Group had a net margin of 3.99% and a return on equity of 37.59%. The business’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share. Analysts forecast that APi Group Corporation will post 1.73 EPS for the current fiscal year.

APi Group Company Profile

APi Group Corporation (NYSE: APG) is a global provider of safety, specialty and industrial services. The company serves commercial, industrial and infrastructure customers through a network of operating businesses that provide services designed to protect people, property and critical assets.

APi Group’s offerings include fire protection and life-safety systems, security services, heating, ventilation and air-conditioning services, industrial maintenance, specialty contracting and infrastructure services.