TD Asset Management Inc Cuts Stake in APi Group Corporation $APG

TD Asset Management Inc cut its stake in shares of APi Group Corporation (NYSE:APG) by 6.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,154 shares of the company’s stock after selling 13,962 shares during the quarter. TD Asset Management Inc’s holdings in APi Group were worth $7,811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of APG. Sound Income Strategies LLC bought a new stake in APi Group in the 4th quarter worth $27,000. Clearstead Advisors LLC raised its stake in shares of APi Group by 105.7% during the third quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock valued at $29,000 after acquiring an additional 427 shares during the last quarter. Silicon Valley Capital Partners raised its stake in shares of APi Group by 50.0% during the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after acquiring an additional 286 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of APi Group by 55.3% during the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after purchasing an additional 297 shares during the period. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of APi Group by 14,720.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock worth $31,000 after purchasing an additional 736 shares during the period. 86.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director James E. Lillie sold 225,539 shares of APi Group stock in a transaction on Monday, May 4th. The shares were sold at an average price of $44.87, for a total transaction of $10,119,934.93. Following the transaction, the director owned 9,296,811 shares in the company, valued at $417,147,909.57. This trade represents a 2.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian G. H. Ashken sold 1,018,466 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $44.73, for a total value of $45,555,984.18. Following the completion of the transaction, the director directly owned 9,542,818 shares in the company, valued at approximately $426,850,249.14. This represents a 9.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 4,444,000 shares of company stock valued at $187,377,645. 18.70% of the stock is owned by insiders.

APi Group Trading Up 3.6%

APi Group stock opened at $43.70 on Wednesday. APi Group Corporation has a one year low of $31.40 and a one year high of $49.99. The business’s fifty day moving average is $43.89 and its 200 day moving average is $42.20. The stock has a market capitalization of $18.93 billion, a PE ratio of -61.55, a price-to-earnings-growth ratio of 2.48 and a beta of 1.60. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.44 and a quick ratio of 1.36.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.92 billion. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 earnings per share. On average, sell-side analysts predict that APi Group Corporation will post 1.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. UBS Group boosted their price objective on shares of APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Robert W. Baird set a $52.00 price objective on shares of APi Group in a report on Friday, May 1st. Citigroup reaffirmed a “buy” rating and issued a $53.00 target price (up from $52.00) on shares of APi Group in a research report on Friday, May 1st. Finally, Royal Bank Of Canada lifted their target price on shares of APi Group from $45.00 to $53.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $52.14.

APi Group Company 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.