GSA Capital Partners LLP Invests $881,000 in APi Group Co. (NYSE:APG)

GSA Capital Partners LLP purchased a new stake in APi Group Co. (NYSE:APG - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 26,674 shares of the company's stock, valued at approximately $881,000.

Other institutional investors have also recently bought and sold shares of the company. Cetera Advisors LLC lifted its holdings in shares of APi Group by 1.1% in the first 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 in the last quarter. Commonwealth Equity Services LLC lifted its stake in APi Group by 0.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company's stock worth $4,091,000 after acquiring an additional 323 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in APi Group by 4.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company's stock worth $278,000 after acquiring an additional 333 shares during the period. J.Safra Asset Management Corp grew its stake in APi Group by 21.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company's stock valued at $79,000 after acquiring an additional 373 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of APi Group by 2.1% in the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company's stock valued at $755,000 after purchasing an additional 406 shares during the period. Hedge funds and other institutional investors own 86.62% of the company's stock.

APi Group Stock Performance

Shares of APi Group stock traded down $0.84 on Friday, reaching $35.37. The stock had a trading volume of 1,460,103 shares, compared to its average volume of 1,734,194. APi Group Co. has a fifty-two week low of $28.97 and a fifty-two week high of $39.98. The business's 50-day moving average price is $34.11 and its two-hundred day moving average price is $35.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The stock has a market cap of $9.72 billion, a P/E ratio of -17.95 and a beta of 1.54.

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

Insiders Place Their Bets

In related news, Director Martin E. Franklin sold 178,346 shares of the business's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the transaction, the director now directly owns 14,267,479 shares in the company, valued at $503,071,309.54. The trade was a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Louis Lambert sold 5,679 shares of the firm'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 owns 2,421 shares of the company's stock, valued at $87,252.84. This represents a 70.11 % 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 valued at $8,907,049 in the last three months. Company insiders own 18.20% of the company's stock.

Analysts Set New Price Targets

APG has been the subject of a number of research reports. Royal Bank of Canada reissued a "sector perform" rating and set a $45.00 target price on shares of APi Group in a research note on Friday, November 1st. Barclays lifted their target price 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. JPMorgan Chase & Co. dropped their price target on shares of APi Group from $37.00 to $34.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Finally, Robert W. Baird cut their price target on shares of APi Group from $43.00 to $42.00 and set an "outperform" rating on the stock in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $44.00.

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.