Holocene Advisors LP Takes $725,000 Position in APi Group Co. (NYSE:APG)

Holocene Advisors LP purchased a new position in APi Group Co. (NYSE:APG - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,959 shares of the company's stock, valued at approximately $725,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APG. Swedbank AB boosted its stake in shares of APi Group by 21.1% during the 2nd quarter. Swedbank AB now owns 1,860,000 shares of the company's stock valued at $69,992,000 after buying an additional 324,000 shares during the period. Advantage Alpha Capital Partners LP grew its holdings in APi Group by 79.6% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company's stock valued at $8,885,000 after buying an additional 119,229 shares during the last quarter. GSA Capital Partners LLP acquired a new position in APi Group during the 3rd quarter valued at $881,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of APi Group in the 3rd quarter worth approximately $2,586,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in APi Group by 60.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company's stock worth $3,290,000 after buying an additional 37,531 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Ian G. H. Ashken sold 53,868 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the sale, the director now directly owns 5,478,779 shares in the company, valued at $202,002,581.73. This represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James E. Lillie sold 11,568 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the transaction, the director now owns 1,134,635 shares of the company's stock, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

APG has been the subject of a number of analyst reports. Robert W. Baird lifted their price objective on APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, November 26th. Barclays lifted their target price on 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 reaffirmed a "sector perform" rating and issued a $45.00 price objective on shares of APi Group in a research note on Friday, November 1st. Finally, William Blair reissued an "outperform" rating on shares of APi Group in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, APi Group presently has a consensus rating of "Moderate Buy" and an average price target of $43.71.

APi Group Stock Down 0.3 %

Shares of NYSE APG traded down $0.11 during midday trading on Friday, hitting $38.60. 1,328,754 shares of the stock traded hands, compared to its average volume of 1,106,007. The company has a market cap of $10.61 billion, a PE ratio of -19.59 and a beta of 1.55. The business has a 50 day moving average price of $35.11 and a two-hundred day moving average price of $35.61. APi Group Co. has a one year low of $30.15 and a one year high of $40.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51.

APi Group (NYSE:APG - Get Free Report) 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. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the previous year, the company earned $0.48 earnings per share. The company's quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts predict that APi Group Co. will post 1.86 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.