35,565 Shares in APi Group Corporation $APG Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of APi Group Corporation (NYSE:APG) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 35,565 shares of the company’s stock, valued at approximately $1,816,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of APi Group by 5.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company’s stock valued at $194,000 after acquiring an additional 303 shares during the period. Cresset Asset Management LLC boosted its stake in APi Group by 3.6% in the 1st quarter. Cresset Asset Management LLC now owns 10,693 shares of the company’s stock worth $382,000 after purchasing an additional 374 shares during the period. State of Wyoming grew its position in APi Group by 10.7% during the 1st quarter. State of Wyoming now owns 4,106 shares of the company’s stock worth $147,000 after purchasing an additional 397 shares in the last quarter. Ulland Investment Advisors LLC raised its stake in APi Group by 41.5% during the 2nd quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock valued at $77,000 after purchasing an additional 440 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in shares of APi Group by 1.1% in the first quarter. Baird Financial Group Inc. now owns 42,987 shares of the company’s stock valued at $1,537,000 after purchasing an additional 467 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Performance

Shares of APG stock opened at $39.05 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $39.65. The stock’s 50-day moving average is $36.19 and its two-hundred day moving average is $34.81. The firm has a market cap of $16.24 billion, a P/E ratio of 106.50 and a beta of 1.72.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company earned $0.51 EPS. The firm’s revenue was up 14.2% on a year-over-year basis. Analysts predict that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Insider Transactions at APi Group

In other APi Group news, Director Martin E. Franklin sold 340,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $36.09, for a total value of $12,270,600.00. Following the completion of the sale, the director directly owned 18,968,790 shares of the company’s stock, valued at $684,583,631.10. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 900,000 shares of company stock valued at $32,342,000 in the last ninety days. 17.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on APG. Citigroup lifted their price target on APi Group from $42.00 to $43.00 and gave the company a “buy” rating in a report on Friday, October 31st. Barclays raised their price objective on APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Zacks Research downgraded APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of APi Group in a report on Monday, December 1st. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, APi Group has a consensus rating of “Moderate Buy” and an average target price of $38.52.

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.