Algert Global LLC Buys 16,500 Shares of APi Group Co. (NYSE:APG)

Algert Global LLC increased its holdings in APi Group Co. (NYSE:APG - Free Report) by 83.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,266 shares of the company's stock after purchasing an additional 16,500 shares during the quarter. Algert Global LLC's holdings in APi Group were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Swedbank AB lifted its holdings in APi Group by 21.1% in the second quarter. Swedbank AB now owns 1,860,000 shares of the company's stock worth $69,992,000 after buying an additional 324,000 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of APi Group by 192.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company's stock valued at $2,121,000 after purchasing an additional 35,520 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of APi Group during the third quarter valued at approximately $881,000. Tidal Investments LLC increased its position in shares of APi Group by 60.0% during the first quarter. Tidal Investments LLC now owns 40,712 shares of the company's stock valued at $1,599,000 after acquiring an additional 15,265 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of APi Group by 60.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company's stock valued at $3,290,000 after acquiring an additional 37,531 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

APi Group Price Performance

Shares of APG traded up $0.23 during trading hours on Friday, reaching $37.78. 484,464 shares of the stock traded hands, compared to its average volume of 1,701,251. 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 Co. has a 52-week low of $29.95 and a 52-week high of $39.98. The company's 50-day moving average price is $34.66 and its two-hundred day moving average price is $35.56. The company has a market cap of $10.38 billion, a P/E ratio of -19.18 and a beta of 1.54.

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. The company had revenue of $1.83 billion for 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%. APi Group's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 EPS. On average, analysts anticipate that APi Group Co. will post 1.86 earnings per share for the current year.

Analysts Set New Price Targets

APG has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of APi Group from $37.00 to $34.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Royal Bank of Canada reissued a "sector perform" rating and set a $45.00 price target on shares of APi Group in a research report on Friday, November 1st. Barclays lifted their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird lifted their target price on shares of APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $43.71.

Insiders Place Their Bets

In related news, Director James E. Lillie sold 11,568 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the transaction, the director now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the company's stock in a transaction dated 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 transaction, the director now owns 5,478,779 shares in the company, valued at $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company's stock.

APi Group 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.