Assenagon Asset Management S.A. Has $33.70 Million Holdings in APi Group Co. (NYSE:APG)

Assenagon Asset Management S.A. decreased its position in shares of APi Group Co. (NYSE:APG) by 10.3% in the 4th quarter, HoldingsChannel reports. The fund owned 937,011 shares of the company’s stock after selling 107,023 shares during the period. Assenagon Asset Management S.A.’s holdings in APi Group were worth $33,704,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Advantage Alpha Capital Partners LP raised its holdings in APi Group by 79.6% during the third quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock worth $8,885,000 after buying an additional 119,229 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of APi Group in the 3rd quarter worth about $881,000. Dynamic Technology Lab Private Ltd bought a new position in APi Group in the 3rd quarter valued at about $2,586,000. Oppenheimer Asset Management Inc. boosted its stake in APi Group by 60.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock valued at $3,290,000 after purchasing an additional 37,531 shares during the last quarter. Finally, ING Groep NV bought a new stake in APi Group during the 3rd quarter worth approximately $3,213,000. 86.62% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the sale, the director now directly owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. The trade was a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $1,986,113.16. Following the transaction, the director now owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.20% of the company’s stock.

APi Group Stock Performance

Shares of APG stock opened at $37.36 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The firm has a market cap of $10.26 billion, a price-to-earnings ratio of -18.96 and a beta of 1.55. APi Group Co. has a 52 week low of $31.16 and a 52 week high of $40.89. The firm’s 50-day simple moving average is $37.05 and its two-hundred day simple moving average is $35.55.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup dropped their target price on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday. Robert W. Baird raised their price objective on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. Barclays upped their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada raised shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Tuesday. Finally, William Blair reaffirmed an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.14.

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.