APi Group Co. (NYSE:APG) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC grew its holdings in APi Group Co. (NYSE:APG - Free Report) by 19.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,003,065 shares of the company's stock after buying an additional 1,611,744 shares during the quarter. Janus Henderson Group PLC owned about 3.64% of APi Group worth $359,811,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Strategic Financial Concepts LLC raised its holdings in APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock worth $82,000 after purchasing an additional 217,071 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in APi Group by 24.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 89,897 shares of the company's stock worth $3,236,000 after purchasing an additional 17,404 shares during the last quarter. SG Americas Securities LLC raised its holdings in APi Group by 325.6% during the fourth quarter. SG Americas Securities LLC now owns 21,231 shares of the company's stock worth $764,000 after purchasing an additional 16,242 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in APi Group during the fourth quarter worth $511,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in APi Group during the fourth quarter worth $249,000. 86.62% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $42.72, for a total transaction of $6,408,000.00. Following the completion of the sale, the director now owns 5,612,102 shares of the company's stock, valued at approximately $239,748,997.44. The trade was a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Lillie sold 50,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $37.97, for a total value of $1,898,500.00. Following the sale, the director now directly owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. This trade represents a 4.56% decrease in their position. The disclosure for this sale can be found here. Company insiders own 17.00% of the company's stock.

APi Group Trading Up 0.2%

Shares of NYSE:APG traded up $0.10 during midday trading on Friday, reaching $45.88. The company's stock had a trading volume of 1,681,753 shares, compared to its average volume of 1,712,144. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of -23.29 and a beta of 1.54. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group Co. has a 1 year low of $30.76 and a 1 year high of $46.18. The business has a 50 day moving average price of $37.76 and a 200 day moving average price of $37.50.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.66 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. Research analysts forecast that APi Group Co. will post 1.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Robert W. Baird raised their price target on APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Truist Financial reissued a "buy" rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Citigroup dropped their price target on APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research report on Monday, April 14th. UBS Group dropped their price target on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their price target on APi Group from $39.00 to $46.00 and gave the stock a "neutral" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $45.57.

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.