APi Group Co. (NYSE:APG) Shares Sold by Steph & Co.

Steph & Co. reduced its holdings in shares of APi Group Co. (NYSE:APG) by 6.7% in the 4th quarter, HoldingsChannel reports. The fund owned 9,170 shares of the company’s stock after selling 657 shares during the quarter. Steph & Co.’s holdings in APi Group were worth $330,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Millennium Management LLC acquired a new stake in APi Group during the 2nd quarter worth $67,412,000. Janus Henderson Group PLC increased its position in shares of APi Group by 19.2% during the third quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after purchasing an additional 1,351,013 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of APi Group by 382.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,064,395 shares of the company’s stock valued at $40,053,000 after purchasing an additional 843,826 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of APi Group by 412.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,044,034 shares of the company’s stock valued at $34,474,000 after purchasing an additional 840,452 shares during the period. Finally, Driehaus Capital Management LLC grew its stake in APi Group by 48.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,517,933 shares of the company’s stock worth $57,120,000 after buying an additional 498,492 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on APG shares. Robert W. Baird boosted 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. Citigroup decreased their price target on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday. Barclays lifted their price objective on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada upgraded shares of APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Tuesday. Finally, William Blair restated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. One research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.14.

Insider Buying and Selling

In other news, Director Ian G. H. Ashken sold 53,868 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. The trade was a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the sale, the director now owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is owned by insiders.

APi Group Stock Performance

NYSE APG opened at $37.37 on Thursday. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of -18.97 and a beta of 1.55. The business’s 50 day moving average is $37.04 and its two-hundred day moving average is $35.53. APi Group Co. has a 12-month low of $31.16 and a 12-month high of $40.89. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

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

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.