Financial Management Professionals Inc. Decreases Stock Holdings in APi Group Co. (NYSE:APG)

Financial Management Professionals Inc. reduced its position in shares of APi Group Co. (NYSE:APG) by 47.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,031 shares of the company’s stock after selling 1,868 shares during the period. Financial Management Professionals Inc.’s holdings in APi Group were worth $67,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. raised its stake in APi Group by 100.9% in the first quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock worth $59,000 after buying an additional 752 shares in the last quarter. J.Safra Asset Management Corp lifted its stake in shares of APi Group by 81.3% in the 1st quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock valued at $68,000 after purchasing an additional 776 shares during the period. Motco purchased a new position in shares of APi Group in the 1st quarter valued at approximately $83,000. Triad Wealth Partners LLC purchased a new stake in APi Group in the second quarter worth $132,000. Finally, SG Americas Securities LLC bought a new position in APi Group in the third quarter worth $165,000. 86.62% of the stock is owned by institutional investors.

APi Group Stock Down 4.0 %

NYSE:APG opened at $32.84 on Monday. The stock has a fifty day simple moving average of $33.88 and a 200-day simple moving average of $35.83. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. The company has a market cap of $9.02 billion, a price-to-earnings ratio of -16.02 and a beta of 1.55. APi Group Co. has a twelve month low of $25.05 and a twelve month high of $39.98.

APi Group (NYSE:APG) last issued its earnings results on Thursday, August 1st. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. Analysts anticipate that APi Group Co. will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on APG shares. JPMorgan Chase & Co. reduced their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Barclays dropped their price objective on APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Finally, Robert W. Baird lowered their target price 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.86.

Insider Transactions at APi Group

In other APi Group news, SVP Louis Lambert sold 5,679 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $36.04, for a total transaction of $204,671.16. Following the transaction, the senior vice president now owns 2,421 shares of the company’s stock, valued at approximately $87,252.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 14,267,479 shares in the company, valued at approximately $503,071,309.54. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Louis Lambert sold 5,679 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $36.04, for a total transaction of $204,671.16. Following the completion of the sale, the senior vice president now owns 2,421 shares in the company, valued at $87,252.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,358 shares of company stock valued at $11,653,157. 18.20% of the stock is currently owned by corporate insiders.

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.