Verition Fund Management LLC Has $11.06 Million Stock Holdings in APi Group Co. (NYSE:APG)

Verition Fund Management LLC lifted its stake in APi Group Co. (NYSE:APG - Free Report) by 690.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 334,899 shares of the company's stock after acquiring an additional 292,524 shares during the quarter. Verition Fund Management LLC owned approximately 0.12% of APi Group worth $11,058,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of APG. Cetera Advisors LLC lifted its stake in APi Group by 1.1% in the first 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 stake in APi Group by 0.3% in the 2nd 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. J.Safra Asset Management Corp grew its holdings in APi Group by 21.5% during 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 period. AQR Capital Management LLC increased its position in APi Group by 2.1% during the second 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 last quarter. Finally, Ellenbecker Investment Group raised its stake in APi Group by 8.3% in the second quarter. Ellenbecker Investment Group now owns 5,625 shares of the company's stock valued at $212,000 after buying an additional 433 shares during the period. Institutional investors own 86.62% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on APG shares. Robert W. Baird lifted their target price on APi Group from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 26th. Barclays lifted their price objective on shares of APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Finally, 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.71.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the firm's 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 transaction, the director now directly owns 5,478,779 shares of the company's stock, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James E. Lillie sold 11,568 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was 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 approximately $41,958,802.30. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by company insiders.

APi Group Stock Performance

Shares of APG traded up $0.23 during midday trading on Friday, reaching $37.78. 484,464 shares of the stock were exchanged, compared to its average volume of 1,480,495. 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 stock's 50 day simple moving average is $34.66 and its 200 day simple moving average is $35.54. APi Group Co. has a twelve month low of $29.95 and a twelve month high of $39.98. The company has a market cap of $10.38 billion, a P/E ratio of -19.18 and a beta of 1.54.

APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate 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 analysts' expectations of $1.87 billion. During the same quarter in the previous year, the company earned $0.48 EPS. The business's revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts expect that APi Group Co. will post 1.86 earnings per share for the current 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.