APi Group Co. (NYSE:APG) Shares Bought by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP grew its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 79.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,087 shares of the company's stock after buying an additional 119,229 shares during the period. APi Group accounts for about 2.0% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its 2nd largest position. Advantage Alpha Capital Partners LP owned about 0.10% of APi Group worth $8,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its stake in APi Group by 4.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company's stock valued at $227,881,000 after buying an additional 324,544 shares during the last quarter. Cooke & Bieler LP boosted its position in shares of APi Group by 218.9% during the 2nd quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company's stock valued at $108,545,000 after acquiring an additional 1,979,931 shares during the last quarter. Artemis Investment Management LLP grew its holdings in shares of APi Group by 65.8% in the second quarter. Artemis Investment Management LLP now owns 2,543,375 shares of the company's stock valued at $95,707,000 after purchasing an additional 1,009,328 shares in the last quarter. Select Equity Group L.P. increased its position in APi Group by 7.6% in the second quarter. Select Equity Group L.P. now owns 2,464,597 shares of the company's stock worth $92,743,000 after purchasing an additional 173,544 shares during the last quarter. Finally, Swedbank AB raised its stake in APi Group by 18.8% during the third quarter. Swedbank AB now owns 2,209,000 shares of the company's stock valued at $72,941,000 after purchasing an additional 349,000 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value 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 approximately $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ian G. H. Ashken sold 53,868 shares of the company's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total value of $1,986,113.16. Following the completion of the transaction, the director now directly 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 disclosure for this sale can be found here. 18.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on APG shares. Barclays increased their price objective on shares of APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price objective on shares of APi Group from $37.00 to $34.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Robert W. Baird raised their target price on shares of APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $45.00 price objective on shares of APi Group in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.71.

APi Group Stock Down 1.6 %

APG traded down $0.62 on Tuesday, hitting $37.63. The company had a trading volume of 1,211,532 shares, compared to its average volume of 1,710,266. The stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of -19.09 and a beta of 1.54. 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 fifty day moving average price of $34.46 and a 200-day moving average price of $35.52. APi Group Co. has a 12-month low of $29.75 and a 12-month high of $39.98.

APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting 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 the consensus estimate of $1.87 billion. During the same quarter in the previous year, the firm earned $0.48 EPS. The company's quarterly revenue was up 2.4% compared to the same quarter last year. Analysts predict that APi Group Co. will post 1.86 EPS for the current fiscal year.

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.