Walleye Capital LLC Buys 85,289 Shares of APi Group Co. (NYSE:APG)

Walleye Capital LLC grew its stake in APi Group Co. (NYSE:APG - Free Report) by 255.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,625 shares of the company's stock after purchasing an additional 85,289 shares during the period. Walleye Capital LLC's holdings in APi Group were worth $3,917,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Cetera Advisors LLC raised 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 valued at $1,070,000 after acquiring an additional 287 shares during the period. Commonwealth Equity Services LLC grew 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 worth $4,091,000 after purchasing an additional 323 shares in the last quarter. J.Safra Asset Management Corp grew its holdings in shares of 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 in the last quarter. AQR Capital Management LLC grew its holdings in shares of 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 purchasing an additional 406 shares in the last quarter. Finally, Ellenbecker Investment Group grew its holdings in shares of APi Group by 8.3% during the second quarter. Ellenbecker Investment Group now owns 5,625 shares of the company's stock worth $212,000 after purchasing an additional 433 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on APG shares. Barclays boosted their price objective on APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $45.00 target price on shares of APi Group in a research note on Friday, November 1st. Finally, Robert W. Baird upped 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, APi Group has a consensus rating of "Moderate Buy" and a consensus target price of $43.71.

Insider Buying and Selling at APi Group

In other news, 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 completion of the transaction, the director now owns 5,478,779 shares of the company's stock, valued at $202,002,581.73. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the transaction, the director now directly 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 disclosure for this sale can be found here. Insiders own 18.20% of the company's stock.

APi Group Stock Performance

Shares of APi Group stock remained flat at $37.65 during midday trading on Tuesday. The company had a trading volume of 504,893 shares, compared to its average volume of 1,692,388. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The company has a market capitalization of $10.35 billion, a P/E ratio of -19.11 and a beta of 1.55. The company's 50 day moving average is $34.80 and its 200 day moving average is $35.56. APi Group Co. has a one year low of $29.98 and a one year high of $39.98.

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, hitting analysts' consensus estimates of $0.51. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 earnings per share. On average, equities analysts anticipate that APi Group Co. will post 1.86 earnings per share 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.