APi Group Co. (NYSE:APG) Shares Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP raised its position in APi Group Co. (NYSE:APG - Free Report) by 124.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 894,600 shares of the company's stock after purchasing an additional 496,500 shares during the quarter. Two Sigma Advisers LP owned about 0.33% of APi Group worth $29,540,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Comerica Bank increased its position in shares of APi Group by 109.8% in 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. J.Safra Asset Management Corp boosted its stake in APi Group by 21.5% during 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. Swedbank AB boosted its stake in APi Group by 21.1% during the 2nd quarter. Swedbank AB now owns 1,860,000 shares of the company's stock worth $69,992,000 after purchasing an additional 324,000 shares during the period. Triad Wealth Partners LLC acquired a new stake in APi Group during the 2nd quarter worth $132,000. Finally, Raymond James & Associates boosted its stake in APi Group by 13.1% during the 2nd quarter. Raymond James & Associates now owns 144,599 shares of the company's stock worth $5,441,000 after purchasing an additional 16,746 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APG has been the subject of several recent analyst reports. Barclays raised their target price 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. Robert W. Baird increased their price target on shares of APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, November 26th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $45.00 price target on shares of APi Group in a report on Friday, November 1st. Finally, William Blair restated an "outperform" rating on shares of APi Group in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, APi Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.71.

Insider Buying and Selling

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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of the business's stock in a transaction on 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 directly owns 5,478,779 shares of the company's stock, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.20% of the company's stock.

APi Group Trading Down 0.3 %

APG stock traded down $0.11 during midday trading on Friday, reaching $38.60. 1,328,754 shares of the company's stock traded hands, compared to its average volume of 1,106,007. The company has a market capitalization of $10.61 billion, a P/E ratio of -19.59 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 fifty-two week low of $30.15 and a fifty-two week high of $40.89. The business has a 50-day moving average price of $35.11 and a two-hundred day moving average price of $35.62.

APi Group (NYSE:APG - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.51. The company had revenue of $1.83 billion for 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 business's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 earnings per share. 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.