Jane Street Group LLC Trims Holdings in APi Group Co. (NYSE:APG)

Jane Street Group LLC decreased its stake in APi Group Co. (NYSE:APG - Free Report) by 38.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 884,479 shares of the company's stock after selling 562,600 shares during the quarter. Jane Street Group LLC owned about 0.32% of APi Group worth $29,205,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. First Horizon Advisors Inc. purchased a new position in APi Group during the 3rd quarter valued at $26,000. Avior Wealth Management LLC purchased a new position in APi Group during the 3rd quarter valued at $33,000. J.Safra Asset Management Corp boosted its holdings in APi Group by 21.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company's stock valued at $79,000 after acquiring an additional 373 shares during the period. Triad Wealth Partners LLC purchased a new position in APi Group during the 2nd quarter valued at $132,000. Finally, SG Americas Securities LLC purchased a new position in APi Group during the 3rd quarter valued at $165,000. Hedge funds and other institutional investors own 86.62% of the company's stock.

APi Group Stock Performance

Shares of NYSE:APG traded up $0.52 during trading on Monday, hitting $39.12. The stock had a trading volume of 2,292,772 shares, compared to its average volume of 1,692,860. APi Group Co. has a 12-month low of $30.26 and a 12-month high of $40.89. The stock has a market capitalization of $10.75 billion, a price-to-earnings ratio of -19.90 and a beta of 1.55. 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 stock has a 50-day simple moving average of $35.11 and a two-hundred day simple moving average of $35.61.

APi Group (NYSE:APG - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The firm 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 revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. On average, equities research analysts expect that APi Group Co. will post 1.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

APG has been the subject of several research reports. Citigroup upped their target price on APi Group from $42.00 to $45.00 and gave the stock a "buy" rating in a report on Monday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $45.00 target price on shares of APi Group in a report on Friday, November 1st. Barclays upped their target price on APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Robert W. Baird upped their price objective on APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 26th. Finally, William Blair restated an "outperform" rating on shares of APi Group in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $43.43.

Insider Buying and Selling

In other news, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction that occurred on Monday, November 11th. The stock was 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 $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ian G. H. Ashken sold 53,868 shares of APi Group 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 sale, the director now directly owns 5,478,779 shares in the company, 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 owned by corporate insiders.

APi Group 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.