Entropy Technologies LP Invests $369,000 in APi Group Co. (NYSE:APG)

Entropy Technologies LP acquired a new stake in APi Group Co. (NYSE:APG) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,163 shares of the company’s stock, valued at approximately $369,000.

Other institutional investors have also added to or reduced their stakes in the company. Cetera Advisors LLC increased its stake in shares of APi Group by 1.1% in the 1st quarter. Cetera Advisors LLC now owns 27,242 shares of the company’s stock valued at $1,070,000 after purchasing an additional 287 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in APi Group by 0.3% in the second quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company’s stock valued at $4,091,000 after buying an additional 323 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in APi Group by 4.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock valued at $278,000 after acquiring an additional 333 shares during the last quarter. J.Safra Asset Management Corp raised its stake in APi Group by 21.5% during the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock worth $79,000 after acquiring an additional 373 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of APi Group by 2.1% in the second quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock worth $755,000 after acquiring an additional 406 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at APi Group

In other APi Group news, Director Martin E. Franklin sold 178,346 shares of APi Group stock in a transaction on 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 sale, the director now directly owns 14,267,479 shares of the company’s stock, valued at approximately $503,071,309.54. The trade was a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the transaction, the director now owns 1,134,635 shares in the company, valued at $41,958,802.30. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 249,461 shares of company stock worth $8,907,049 over the last quarter. Company insiders own 18.20% of the company’s stock.

APi Group Trading Down 2.3 %

Shares of APG stock opened at $35.37 on Friday. APi Group Co. has a 1-year low of $28.97 and a 1-year high of $39.98. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock has a market cap of $9.72 billion, a price-to-earnings ratio of -17.95 and a beta of 1.54. The stock has a 50-day moving average of $34.11 and a 200-day moving average of $35.59.

APi Group (NYSE:APG) last released its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. On average, equities research analysts forecast that APi Group Co. will post 1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

APG has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird dropped their price target on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. reduced their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a report on Friday, November 1st. Two equities 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.com, APi Group has an average rating of “Moderate Buy” and a consensus target price of $44.00.

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.