24,243 Shares in APi Group Co. (NYSE:APG) Acquired by Blueshift Asset Management LLC

Blueshift Asset Management LLC purchased a new stake in APi Group Co. (NYSE:APG - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 24,243 shares of the company's stock, valued at approximately $801,000.

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. purchased a new stake in shares of APi Group in the third quarter valued at approximately $26,000. Avior Wealth Management LLC purchased a new position in APi Group during the third quarter valued at $33,000. J.Safra Asset Management Corp grew its position in shares of APi Group by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company's stock valued at $79,000 after purchasing an additional 373 shares during the period. Triad Wealth Partners LLC purchased a new stake in shares of APi Group during the second quarter worth about $132,000. Finally, Strategic Financial Concepts LLC raised its position in shares of APi Group by 3,622.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company's stock worth $148,000 after purchasing an additional 382,012 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 11,568 shares of the business's stock in a transaction that occurred 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 sale, the director now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was 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 in the company, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.20% of the company's stock.

APi Group Trading Down 0.2 %

NYSE:APG traded down $0.08 during trading hours on Thursday, hitting $37.55. The company had a trading volume of 853,598 shares, compared to its average volume of 1,706,542. APi Group Co. has a 1 year low of $29.75 and a 1 year high of $39.98. The company has a market cap of $10.32 billion, a P/E ratio of -19.06 and a beta of 1.54. The company has a 50-day moving average of $34.61 and a 200 day moving average of $35.56. 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 (NYSE:APG - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, meeting the consensus estimate 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 analysts' expectations of $1.87 billion. During the same quarter in the previous year, the company posted $0.48 EPS. The company's revenue was up 2.4% compared to the same quarter last year. Sell-side analysts expect that APi Group Co. will post 1.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.