Weiss Asset Management LP Purchases Shares of 28,154 APi Group Co. (NYSE:APG)

Weiss Asset Management LP bought a new stake in APi Group Co. (NYSE:APG - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 28,154 shares of the company's stock, valued at approximately $930,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Two Sigma Advisers LP boosted its position in shares of APi Group by 124.7% during the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the company's stock valued at $29,540,000 after purchasing an additional 496,500 shares in the last quarter. Southernsun Asset Management LLC bought a new position in shares of APi Group during the 3rd quarter valued at about $5,481,000. State Street Corp boosted its position in shares of APi Group by 3.7% during the 3rd quarter. State Street Corp now owns 3,723,241 shares of the company's stock valued at $122,941,000 after purchasing an additional 132,971 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of APi Group during the 3rd quarter valued at about $914,000. Finally, Quarry LP boosted its position in shares of APi Group by 24,309.1% during the 3rd quarter. Quarry LP now owns 8,055 shares of the company's stock valued at $266,000 after purchasing an additional 8,022 shares in the last quarter. Institutional investors own 86.62% of the company's stock.

Insider Transactions at APi Group

In related news, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James E. Lillie sold 11,568 shares of the stock in a transaction that occurred on 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 owns 1,134,635 shares in the company, valued at $41,958,802.30. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APG. Royal Bank of Canada restated a "sector perform" rating and set a $45.00 price objective on shares of APi Group in a research report on Friday, November 1st. Barclays upped their price objective on shares of APi Group from $43.00 to $44.00 and gave the company an "overweight" rating in a research note on Tuesday, November 5th. Robert W. Baird upped their price objective on shares of APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, November 26th. Citigroup upped their price objective on shares of APi Group from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Monday. Finally, William Blair reaffirmed an "outperform" rating on shares of APi Group in a research note on Thursday. 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, the company has an average rating of "Moderate Buy" and an average price target of $43.43.

APi Group Stock Up 1.3 %

Shares of NYSE APG traded up $0.52 during mid-day trading on Monday, reaching $39.12. The company had a trading volume of 2,292,772 shares, compared to its average volume of 1,692,860. The stock has a fifty day moving average of $35.11 and a two-hundred day moving average of $35.61. 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 $10.75 billion, a price-to-earnings ratio of -19.90 and a beta of 1.55. APi Group Co. has a 12-month low of $30.26 and a 12-month high of $40.89.

APi Group (NYSE:APG - Get Free Report) last posted 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. The business had revenue of $1.83 billion during 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 firm's revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. As a group, equities research analysts expect that APi Group Co. will post 1.83 EPS 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.