26,674 Shares in APi Group Co. (NYSE:APG) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in APi Group Co. (NYSE:APG) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 26,674 shares of the company’s stock, valued at approximately $881,000.

Other institutional investors also recently bought and sold shares of the company. J.Safra Asset Management Corp raised its holdings in shares of 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 purchasing an additional 373 shares during the last quarter. Triad Wealth Partners LLC purchased a new position in shares of APi Group during the 2nd quarter valued at about $132,000. Strategic Financial Concepts LLC lifted its holdings in shares of APi Group by 3,622.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock valued at $148,000 after buying an additional 382,012 shares during the period. SG Americas Securities LLC purchased a new stake in shares of APi Group in the third quarter worth about $165,000. Finally, Ellenbecker Investment Group grew its holdings in APi Group by 8.3% during the second quarter. Ellenbecker Investment Group now owns 5,625 shares of the company’s stock worth $212,000 after acquiring an additional 433 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Down 2.3 %

APG opened at $35.37 on Friday. The company has a market cap of $9.72 billion, a PE ratio of -17.95 and a beta of 1.54. APi Group Co. has a twelve month low of $28.97 and a twelve month high of $39.98. The company has a 50-day moving average price of $34.11 and a 200 day moving average price of $35.57. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

APi Group (NYSE:APG) last announced its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The business 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 business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Sell-side analysts expect that APi Group Co. will post 1.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at APi Group

In other news, SVP Louis Lambert sold 5,679 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the sale, the senior vice president now directly owns 2,421 shares in the company, valued at $87,252.84. This represents a 70.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Martin E. Franklin sold 178,346 shares of the stock in a transaction that occurred 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. This represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,461 shares of company stock worth $8,907,049. Corporate insiders own 18.20% of the company’s stock.

APi Group Company 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.