SG Americas Securities LLC Has $764,000 Stock Holdings in APi Group Co. (NYSE:APG)

SG Americas Securities LLC increased its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 325.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,231 shares of the company's stock after acquiring an additional 16,242 shares during the quarter. SG Americas Securities LLC's holdings in APi Group were worth $764,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Horizon Advisors Inc. acquired a new stake in shares of APi Group during the third quarter worth about $26,000. Avior Wealth Management LLC purchased a new position in APi Group during the 3rd quarter worth approximately $33,000. ORG Wealth Partners LLC purchased a new position in APi Group during the 4th quarter worth approximately $34,000. KBC Group NV increased its position in APi Group by 14.8% during the third quarter. KBC Group NV now owns 5,601 shares of the company's stock worth $185,000 after buying an additional 721 shares during the period. Finally, Aigen Investment Management LP purchased a new stake in APi Group in the third quarter valued at approximately $206,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on APG. Barclays lifted their price objective 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. Truist Financial assumed coverage on shares of APi Group in a report on Wednesday, January 22nd. They issued a "buy" rating and a $45.00 target price for the company. Robert W. Baird upped their target price on APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, November 26th. Royal Bank of Canada raised APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research note on Tuesday, January 14th. Finally, William Blair reissued an "outperform" rating on shares of APi Group in a research note on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.38.

Insiders Place Their Bets

In related news, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction that occurred on 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. This represents a 0.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James E. Lillie sold 11,568 shares of the 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 completion of the transaction, the director now owns 1,134,635 shares of the company's stock, valued at $41,958,802.30. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is owned by corporate insiders.

APi Group Stock Up 1.6 %

Shares of APG traded up $0.60 during mid-day trading on Thursday, reaching $38.09. 1,326,426 shares of the stock traded hands, compared to its average volume of 1,153,238. The stock has a fifty day simple moving average of $37.32 and a 200 day simple moving average of $35.60. APi Group Co. has a 12-month low of $31.44 and a 12-month high of $40.89. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The firm has a market cap of $10.47 billion, a price-to-earnings ratio of -19.33 and a beta of 1.55.

APi Group (NYSE:APG - Get Free Report) last announced its 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 for the quarter, compared to analyst estimates of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. APi Group's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. Sell-side analysts expect that APi Group Co. will post 1.83 EPS for the current fiscal 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.