MML Investors Services LLC Buys 3,266 Shares of APi Group Co. (NYSE:APG)

MML Investors Services LLC increased its stake in shares of APi Group Co. (NYSE:APG) by 6.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 54,888 shares of the company’s stock after purchasing an additional 3,266 shares during the quarter. MML Investors Services LLC’s holdings in APi Group were worth $1,812,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of APG. Cooke & Bieler LP grew its position in APi Group by 218.9% in the 2nd quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company’s stock valued at $108,545,000 after acquiring an additional 1,979,931 shares during the last quarter. Millennium Management LLC bought a new position in APi Group in the 2nd quarter valued at $67,412,000. Janus Henderson Group PLC grew its position in APi Group by 19.2% in the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock valued at $277,079,000 after acquiring an additional 1,351,013 shares during the last quarter. Point72 Asset Management L.P. grew its position in APi Group by 382.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,064,395 shares of the company’s stock valued at $40,053,000 after acquiring an additional 843,826 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in APi Group by 412.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,044,034 shares of the company’s stock valued at $34,474,000 after acquiring an additional 840,452 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Trading Up 3.2 %

Shares of NYSE APG opened at $38.77 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The stock has a market capitalization of $10.65 billion, a P/E ratio of -19.68 and a beta of 1.55. APi Group Co. has a 1-year low of $30.26 and a 1-year high of $40.89. The business has a fifty day moving average price of $35.99 and a 200 day moving average price of $35.75.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. Equities research analysts expect that APi Group Co. will post 1.83 EPS for the current fiscal year.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total value of $1,986,113.16. Following the completion of the sale, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James E. Lillie sold 11,568 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the sale, the director now owns 1,134,635 shares of the company’s stock, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Barclays upped their price objective on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird upped their price objective on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Royal Bank of Canada reissued a “sector perform” rating and set a $45.00 price target on shares of APi Group in a research report on Friday, November 1st. Finally, Citigroup increased their price target on APi Group from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.43.

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.