APi Group Corporation $APG Stock Holdings Cut by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. reduced its holdings in APi Group Corporation (NYSE:APG) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,657,719 shares of the company’s stock after selling 179,174 shares during the quarter. APi Group comprises 2.2% of Schwartz Investment Counsel Inc.’s portfolio, making the stock its 14th biggest holding. Schwartz Investment Counsel Inc. owned approximately 0.38% of APi Group worth $63,988,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Squarepoint Ops LLC grew its holdings in APi Group by 125.4% in the 2nd quarter. Squarepoint Ops LLC now owns 967,869 shares of the company’s stock valued at $40,989,000 after buying an additional 538,508 shares during the last quarter. Aubrey Capital Management Ltd bought a new position in APi Group in the 2nd quarter worth approximately $2,782,000. WINTON GROUP Ltd bought a new position in APi Group in the 2nd quarter worth approximately $1,160,000. Principal Financial Group Inc. increased its position in APi Group by 7.5% in the 1st quarter. Principal Financial Group Inc. now owns 855,638 shares of the company’s stock worth $34,670,000 after buying an additional 59,715 shares during the period. Finally, JNBA Financial Advisors increased its position in APi Group by 66.6% in the 2nd quarter. JNBA Financial Advisors now owns 699,242 shares of the company’s stock worth $29,613,000 after buying an additional 279,448 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on APG. Wall Street Zen lowered shares of APi Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Wells Fargo & Company started coverage on shares of APi Group in a research note on Tuesday, August 4th. They set an “overweight” rating and a $53.00 target price for the company. Weiss Ratings raised shares of APi Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, October 21st. Citigroup restated a “buy” rating and issued a $55.00 price target (up from $54.00) on shares of APi Group in a research report on Monday, October 12th. Finally, UBS Group set a $52.00 price target on shares of APi Group in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $52.71.

Insiders Place Their Bets

In other APi Group news, Director Ian Ashken sold 214,928 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $39.91, for a total value of $8,577,776.48. Following the sale, the director owned 9,262,356 shares of the company’s stock, valued at $369,660,627.96. The trade was a 2.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Lillie sold 285,000 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $39.84, for a total transaction of $11,354,400.00. Following the completion of the transaction, the director owned 8,952,350 shares of the company’s stock, valued at approximately $356,661,624. This represents a 3.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 660,000 shares of company stock valued at $26,353,682 over the last 90 days. 18.70% of the stock is currently owned by corporate insiders.

APi Group Stock Up 1.2%

APi Group stock opened at $40.77 on Wednesday. The business has a 50 day moving average price of $39.57 and a two-hundred day moving average price of $41.89. APi Group Corporation has a 12 month low of $34.02 and a 12 month high of $49.99.

APi Group (NYSE:APG) last announced 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 analyst estimates of $2.20 billion. During the same period in the previous year, the business posted $0.39 EPS. APi Group’s revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts forecast that APi Group Corporation will post 1.73 EPS for the current year.

About APi Group

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.