Riposte Capital LLC Reduces Position in APi Group Co. (NYSE:APG)

Riposte Capital LLC trimmed its position in shares of APi Group Co. (NYSE:APG - Free Report) by 25.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300,000 shares of the company's stock after selling 100,000 shares during the period. APi Group comprises 1.1% of Riposte Capital LLC's holdings, making the stock its 12th biggest holding. Riposte Capital LLC owned approximately 0.11% of APi Group worth $9,906,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in APG. Comerica Bank grew its holdings in APi Group by 109.8% during the 1st quarter. Comerica Bank now owns 5,641 shares of the company's stock valued at $222,000 after purchasing an additional 2,952 shares during the last quarter. Cetera Advisors LLC grew its stake in APi Group by 1.1% in the 1st quarter. Cetera Advisors LLC now owns 27,242 shares of the company's stock worth $1,070,000 after acquiring an additional 287 shares in the last quarter. MJP Associates Inc. ADV grew its stake in APi Group by 13.4% in the 2nd quarter. MJP Associates Inc. ADV now owns 29,526 shares of the company's stock worth $1,111,000 after acquiring an additional 3,492 shares in the last quarter. Artemis Investment Management LLP lifted its position in shares of APi Group by 65.8% in the 2nd quarter. Artemis Investment Management LLP now owns 2,543,375 shares of the company's stock worth $95,707,000 after purchasing an additional 1,009,328 shares during the period. Finally, J.Safra Asset Management Corp lifted its position in shares of APi Group by 21.5% in the 2nd 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 period. 86.62% of the stock is currently owned by institutional investors.

APi Group Price Performance

Shares of NYSE:APG traded up $0.40 during midday trading on Thursday, hitting $38.90. The company had a trading volume of 1,230,060 shares, compared to its average volume of 1,686,920. The business's 50-day simple moving average is $34.91 and its 200-day simple moving average is $35.58. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of -19.54 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group Co. has a twelve month low of $30.15 and a twelve month high of $40.89.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm earned $0.48 EPS. The business's revenue was up 2.4% compared to the same quarter last year. On average, research analysts predict that APi Group Co. will post 1.86 earnings per share for the current year.

Insider Transactions at APi Group

In related news, Director James E. Lillie sold 11,568 shares of the 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 transaction, the director now owns 1,134,635 shares of the company's stock, valued at approximately $41,958,802.30. This represents a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction dated Wednesday, November 13th. The shares were 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 position. The disclosure for this sale can be found here. Company insiders own 18.20% of the company's stock.

Analyst Ratings Changes

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

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.