Spyglass Capital Management LLC Has $60.57 Million Stock Holdings in APi Group Co. (NYSE:APG)

Spyglass Capital Management LLC boosted its position in shares of APi Group Co. (NYSE:APG - Free Report) by 4.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,834,189 shares of the company's stock after buying an additional 75,622 shares during the quarter. APi Group accounts for approximately 4.0% of Spyglass Capital Management LLC's investment portfolio, making the stock its 11th largest position. Spyglass Capital Management LLC owned approximately 0.67% of APi Group worth $60,565,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of APG. Cetera Advisors LLC lifted its position in shares of APi Group by 1.1% during the 1st quarter. Cetera Advisors LLC now owns 27,242 shares of the company's stock valued at $1,070,000 after acquiring an additional 287 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of APi Group by 0.3% during the second quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company's stock valued at $4,091,000 after purchasing an additional 323 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of APi Group by 4.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company's stock valued at $278,000 after purchasing an additional 333 shares during the period. J.Safra Asset Management Corp increased its stake in 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 in the last quarter. Finally, AQR Capital Management LLC raised its holdings in APi Group by 2.1% during the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company's stock worth $755,000 after buying an additional 406 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APG has been the subject of several recent analyst reports. 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 report on Tuesday. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $45.00 price objective on shares of APi Group in a research note on Friday, November 1st. JPMorgan Chase & Co. cut their target price 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. Finally, Barclays raised their target price on APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.71.

Insider Activity at APi Group

In related news, Director James E. Lillie sold 11,568 shares of APi Group 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 owns 1,134,635 shares of the company's stock, valued at approximately $41,958,802.30. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the transaction, the director now directly owns 5,478,779 shares in the company, valued at $202,002,581.73. The trade was 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 currently owned by company insiders.

APi Group Stock Up 0.6 %

Shares of APi Group stock traded up $0.23 on Friday, hitting $37.78. 484,464 shares of the company traded hands, compared to its average volume of 1,701,251. APi Group Co. has a 12-month low of $29.95 and a 12-month high of $39.98. 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 company has a market cap of $10.38 billion, a PE ratio of -19.18 and a beta of 1.54. The company has a 50-day moving average price of $34.66 and a 200 day moving average price of $35.56.

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