APi Group Corporation $APG Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lowered its position in shares of APi Group Corporation (NYSE:APG) by 15.6% in the third quarter, Holdings Channel reports. The firm owned 3,420,856 shares of the company’s stock after selling 630,870 shares during the period. APi Group accounts for 2.1% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 19th biggest holding. Montrusco Bolton Investments Inc.’s holdings in APi Group were worth $132,045,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of APG. Janus Henderson Group PLC raised its holdings in APi Group by 1.1% in the first quarter. Janus Henderson Group PLC now owns 23,367,041 shares of the company’s stock worth $946,846,000 after purchasing an additional 250,873 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of APi Group in the 2nd quarter valued at $93,030,000. Gladstone Capital Management LLP grew its holdings in shares of APi Group by 11.4% in the 4th quarter. Gladstone Capital Management LLP now owns 2,181,558 shares of the company’s stock valued at $83,466,000 after buying an additional 223,892 shares during the period. Assenagon Asset Management S.A. increased its position in shares of APi Group by 145.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,647,576 shares of the company’s stock valued at $66,760,000 after buying an additional 975,882 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of APi Group by 0.4% in the 1st quarter. Sei Investments Co. now owns 1,046,852 shares of the company’s stock valued at $42,419,000 after buying an additional 3,999 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings downgraded APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, October 6th. UBS Group set a $52.00 target price on APi Group in a research note on Monday, July 20th. Robert W. Baird set a $47.00 price target on APi Group in a report on Friday, July 31st. Wells Fargo & Company started coverage on APi Group in a report on Tuesday, August 4th. They issued an “overweight” rating and a $53.00 price target for the company. Finally, Citigroup reaffirmed a “buy” rating and set a $55.00 price target (up from $54.00) on shares of APi Group in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $52.71.

APi Group Stock Up 0.6%

APG traded up $0.26 during trading on Tuesday, reaching $40.65. The company had a trading volume of 1,967,535 shares, compared to its average volume of 2,921,599. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.39 and a quick ratio of 1.32. APi Group Corporation has a 12 month low of $33.52 and a 12 month high of $49.99. The business’s fifty day moving average price is $40.09 and its 200 day moving average price is $41.71. The company has a market cap of $17.57 billion, a P/E ratio of -60.67, a PEG ratio of 2.35 and a beta of 1.57.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.20 billion. APi Group had a net margin of 3.99% and a return on equity of 37.59%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Equities analysts anticipate that APi Group Corporation will post 1.72 EPS for the current year.

Insider Transactions at APi Group

In other APi Group news, Director Ian Ashken sold 214,928 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $39.91, for a total transaction of $8,577,776.48. Following the completion of the transaction, the director owned 9,262,356 shares in the company, valued at approximately $369,660,627.96. This represents a 2.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 APi Group stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $39.84, for a total value of $11,354,400.00. Following the completion of the sale, the director directly owned 8,952,350 shares in the company, valued at $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. In the last quarter, insiders have sold 660,000 shares of company stock valued at $26,353,682. Corporate insiders own 18.70% of the company’s stock.

APi Group Company Profile

APi Group Corporation (NYSE: APG) is a global provider of industrial, commercial and infrastructure services. The company delivers specialized services that help customers design, install, maintain and repair essential systems across buildings, facilities and infrastructure assets.

APi Group’s operations include fire protection and life-safety services, heating, ventilation and air conditioning, electrical and communications work, utility and infrastructure services, industrial maintenance, specialty contracting and other facility services.