MQS Management LLC Invests $484,000 in APi Group Co. (NYSE:APG)

MQS Management LLC bought a new position in APi Group Co. (NYSE:APG - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,666 shares of the company's stock, valued at approximately $484,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Aigen Investment Management LP purchased a new stake in APi Group in the 3rd quarter worth approximately $206,000. GSA Capital Partners LLP purchased a new stake in APi Group in the 3rd quarter worth approximately $881,000. Entropy Technologies LP purchased a new stake in APi Group in the 3rd quarter worth approximately $369,000. Atria Investments Inc lifted its position in APi Group by 7.2% in the 3rd quarter. Atria Investments Inc now owns 12,672 shares of the company's stock worth $418,000 after buying an additional 849 shares in the last quarter. Finally, Carmel Capital Partners LLC increased its stake in shares of APi Group by 11.4% during the 3rd quarter. Carmel Capital Partners LLC now owns 58,848 shares of the company's stock worth $1,943,000 after purchasing an additional 6,013 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on APG shares. Barclays increased their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price target on shares of APi Group from $37.00 to $34.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Royal Bank of Canada restated a "sector perform" rating and set a $45.00 price target on shares of APi Group in a research note on Friday, November 1st. Finally, Robert W. Baird dropped their price target on shares of APi Group from $43.00 to $42.00 and set an "outperform" rating on the stock in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $44.00.

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 11,568 shares of the stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Louis Lambert sold 5,679 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction of $204,671.16. Following the transaction, the senior vice president now directly owns 2,421 shares of the company's stock, valued at $87,252.84. The trade was a 70.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 195,593 shares of company stock valued at $6,920,936 in the last ninety days. Company insiders own 18.20% of the company's stock.

APi Group Stock Performance

NYSE:APG traded down $0.31 during midday trading on Thursday, reaching $36.21. The stock had a trading volume of 1,090,453 shares, compared to its average volume of 1,726,134. APi Group Co. has a 1-year low of $28.86 and a 1-year high of $39.98. The firm's fifty day simple moving average is $34.00 and its 200-day simple moving average is $35.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The stock has a market capitalization of $9.95 billion, a P/E ratio of -18.30 and a beta of 1.54.

APi Group (NYSE:APG - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business posted $0.48 EPS. APi Group's revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts forecast that APi Group Co. will post 1.86 EPS for the current fiscal year.

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.