45,064 Shares in APi Group Co. (NYSE:APG) Bought by FORA Capital LLC

FORA Capital LLC purchased a new position in APi Group Co. (NYSE:APG - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 45,064 shares of the company's stock, valued at approximately $1,488,000.

Other institutional investors also recently made changes to their positions in the company. Cetera Advisors LLC grew its holdings in APi Group by 1.1% during the first quarter. Cetera Advisors LLC now owns 27,242 shares of the company's stock worth $1,070,000 after acquiring an additional 287 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of APi Group by 0.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company's stock worth $4,091,000 after purchasing an additional 323 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of APi Group by 4.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company's stock worth $278,000 after purchasing an additional 333 shares in the last quarter. J.Safra Asset Management Corp raised its holdings in shares of APi Group by 21.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company's stock worth $79,000 after purchasing an additional 373 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in APi Group by 2.1% during the second quarter. AQR Capital Management LLC now owns 20,059 shares of the company's stock valued at $755,000 after purchasing an additional 406 shares during the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Stock Down 0.2 %

NYSE:APG traded down $0.08 during trading hours on Thursday, hitting $37.55. 853,598 shares of the company's stock traded hands, compared to its average volume of 1,706,542. The stock's fifty day moving average price is $34.58 and its two-hundred day moving average price is $35.54. The firm 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 debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group Co. has a twelve month low of $29.75 and a twelve month 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 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 business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm earned $0.48 earnings per share. The firm's revenue was up 2.4% compared to the same quarter last year. On average, research analysts expect that APi Group Co. will post 1.86 earnings per share for the current fiscal year.

Insider Buying and Selling at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction 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 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 ownership of the stock. The transaction 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 business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the sale, the director now directly 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. Company insiders own 18.20% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on APG. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $45.00 price target on shares of APi Group in a report on Friday, November 1st. JPMorgan Chase & Co. cut their target price on APi Group from $37.00 to $34.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Barclays upped their target price on APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Finally, Robert W. Baird lifted their price target on APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently 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.