APi Group Co. (NYSE:APG) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund decreased its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 97.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,272 shares of the company's stock after selling 152,110 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in APi Group were worth $108,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cooke & Bieler LP boosted its holdings in shares of APi Group by 218.9% in the second quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company's stock worth $108,545,000 after buying an additional 1,979,931 shares during the last quarter. Millennium Management LLC bought a new stake in shares of APi Group during the 2nd quarter valued at $67,412,000. Artemis Investment Management LLP raised its stake in APi Group by 65.8% during the 2nd quarter. Artemis Investment Management LLP now owns 2,543,375 shares of the company's stock valued at $95,707,000 after purchasing an additional 1,009,328 shares during the period. Point72 Asset Management L.P. grew its position in shares of APi Group by 382.6% during the second quarter. Point72 Asset Management L.P. now owns 1,064,395 shares of the company's stock valued at $40,053,000 after purchasing an additional 843,826 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in APi Group by 412.8% in the third quarter. Assenagon Asset Management S.A. now owns 1,044,034 shares of the company's stock worth $34,474,000 after purchasing an additional 840,452 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on APG shares. Barclays increased their price target on shares of APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. Royal Bank of Canada reiterated a "sector perform" rating and set a $45.00 price objective on shares of APi Group in a research report on Friday, November 1st. Finally, Robert W. Baird lifted their price target on shares of APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.71.

Insider Activity at APi Group

In other news, Director James E. Lillie sold 11,568 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the sale, the director now directly owns 1,134,635 shares in the company, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of the company's stock in a transaction 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 transaction, the director now 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 disclosure for this sale can be found here. 18.20% of the stock is currently owned by insiders.

APi Group Stock Performance

APi Group stock remained flat at $37.65 during mid-day trading on Tuesday. 504,893 shares of the company's stock were exchanged, compared to its average volume of 1,692,388. APi Group Co. has a twelve month low of $29.98 and a twelve month high of $39.98. The company has a fifty day moving average price of $34.66 and a two-hundred day moving average price of $35.54. 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 data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting 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% compared to the same quarter last year. During the same period last year, the business posted $0.48 earnings per share. Analysts predict that APi Group Co. will post 1.86 EPS for the current 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.