Quadrature Capital Ltd Invests $914,000 in APi Group Co. (NYSE:APG)

Quadrature Capital Ltd purchased a new stake in shares of APi Group Co. (NYSE:APG - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 27,690 shares of the company's stock, valued at approximately $914,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APG. Quarry LP boosted its position in shares of APi Group by 24,309.1% during the third quarter. Quarry LP now owns 8,055 shares of the company's stock valued at $266,000 after buying an additional 8,022 shares during the period. Royal London Asset Management Ltd. boosted its holdings in APi Group by 57.1% during the 3rd quarter. Royal London Asset Management Ltd. now owns 146,861 shares of the company's stock valued at $4,849,000 after acquiring an additional 53,364 shares during the period. Polar Asset Management Partners Inc. purchased a new position in APi Group during the 3rd quarter valued at $842,000. Janus Henderson Group PLC grew its position in APi Group by 19.2% in the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company's stock valued at $277,079,000 after acquiring an additional 1,351,013 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in APi Group in the third quarter worth $725,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director James E. Lillie sold 11,568 shares of the business's stock in a transaction on Monday, November 11th. The shares were 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction dated 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 sale, the director now directly owns 5,478,779 shares of the company's stock, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.20% of the company's stock.

APi Group Stock Down 0.3 %

Shares of NYSE:APG traded down $0.11 on Friday, reaching $38.60. The company had a trading volume of 1,328,754 shares, compared to its average volume of 1,106,007. APi Group Co. has a 52-week low of $30.15 and a 52-week high of $40.89. The firm's 50 day simple moving average is $35.11 and its 200-day simple moving average is $35.62. The firm has a market capitalization of $10.61 billion, a PE ratio of -19.59 and a beta of 1.55. 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 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. As a group, analysts expect that APi Group Co. will post 1.86 earnings per share for the current fiscal 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.