APi Group Co. (NYSE:APG) Shares Sold by Paloma Partners Management Co

Paloma Partners Management Co decreased its position in shares of APi Group Co. (NYSE:APG - Free Report) by 93.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,590 shares of the company's stock after selling 152,316 shares during the period. Paloma Partners Management Co's holdings in APi Group were worth $350,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of APG. First Horizon Advisors Inc. bought a new position in APi Group during the third quarter valued at $26,000. Avior Wealth Management LLC bought a new position in shares of APi Group in the third quarter worth about $33,000. J.Safra Asset Management Corp grew its holdings 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 worth $79,000 after purchasing an additional 373 shares during the last quarter. Triad Wealth Partners LLC bought a new position in shares of APi Group in the second quarter worth about $132,000. Finally, Strategic Financial Concepts LLC grew its holdings in shares of APi Group by 3,622.0% in the second 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 own 86.62% of the company's stock.

Insider Buying and Selling at APi Group

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

APi Group Stock Up 0.5 %

NYSE:APG traded up $0.21 during mid-day trading on Thursday, reaching $38.71. The company's stock had a trading volume of 2,354,768 shares, compared to its average volume of 1,691,788. APi Group Co. has a 1 year low of $30.15 and a 1 year high of $40.89. The stock has a fifty day moving average of $34.91 and a 200-day moving average of $35.58. The firm has a market capitalization of $10.64 billion, a PE ratio of -19.54 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.

APi Group (NYSE:APG - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 earnings per share. Equities research analysts forecast that APi Group Co. will post 1.86 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on APG shares. William Blair restated an "outperform" rating on shares of APi Group in a report on Thursday. Robert W. Baird upped their price target on shares of APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, November 26th. Barclays upped their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $45.00 price target on shares of APi Group in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, APi Group presently has an average rating of "Moderate Buy" and a consensus price target of $43.71.

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.