APi Group Co. (NYSE:APG) Stake Boosted by Quantbot Technologies LP

Quantbot Technologies LP lifted its stake in APi Group Co. (NYSE:APG - Free Report) by 5,964.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 159,794 shares of the company's stock after acquiring an additional 157,159 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of APi Group worth $5,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APG. Advantage Alpha Capital Partners LP lifted its holdings in shares of APi Group by 79.6% during 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. D.A. Davidson & CO. lifted its stake in APi Group by 1.2% in the third quarter. D.A. Davidson & CO. now owns 96,300 shares of the company's stock valued at $3,180,000 after acquiring an additional 1,150 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of APi Group by 0.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company's stock worth $1,906,000 after purchasing an additional 450 shares during the last quarter. Qsemble Capital Management LP raised its holdings in shares of APi Group by 709.7% during the 3rd quarter. Qsemble Capital Management LP now owns 126,530 shares of the company's stock valued at $4,178,000 after purchasing an additional 110,904 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of APi Group in the 3rd quarter valued at $5,514,000. Hedge funds and other institutional investors own 86.62% of the company's stock.

Analyst Ratings Changes

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

APi Group Trading Down 1.6 %

Shares of APG stock opened at $37.64 on Wednesday. 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's fifty day simple moving average is $34.52 and its 200 day simple moving average is $35.53. APi Group Co. has a 1 year low of $29.75 and a 1 year high of $39.98.

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

Insider Activity at APi Group

In other APi Group news, Director James E. Lillie sold 11,568 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the transaction, the director now directly owns 1,134,635 shares in the company, valued at $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 available at this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction that occurred 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 transaction, the director now owns 5,478,779 shares of the company's stock, valued at $202,002,581.73. This trade represents 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.

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.

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