Quest Partners LLC Buys New Shares in APi Group Co. (NYSE:APG)

Quest Partners LLC bought a new stake in shares of APi Group Co. (NYSE:APG) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 6,549 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors and hedge funds also recently made changes to their positions in APG. O Shaughnessy Asset Management LLC boosted its position in APi Group by 4.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock valued at $278,000 after buying an additional 333 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in APi Group by 192.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company’s stock valued at $2,121,000 after buying an additional 35,520 shares during the period. California State Teachers Retirement System boosted its position in APi Group by 2.3% during the 1st quarter. California State Teachers Retirement System now owns 186,362 shares of the company’s stock valued at $7,318,000 after buying an additional 4,102 shares during the period. Tidal Investments LLC boosted its position in APi Group by 60.0% during the 1st quarter. Tidal Investments LLC now owns 40,712 shares of the company’s stock valued at $1,599,000 after buying an additional 15,265 shares during the period. Finally, Comerica Bank boosted its position in APi Group by 109.8% during the 1st quarter. Comerica Bank now owns 5,641 shares of the company’s stock valued at $222,000 after buying an additional 2,952 shares during the period. Institutional investors own 86.62% of the company’s stock.

Insider Activity at APi Group

In other APi Group news, Director James E. Lillie sold 11,568 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $1,986,113.16. Following the sale, the director now owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. This represents 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 corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a research report on Friday, November 1st. 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 research report on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, 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 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 stock. Based on data from MarketBeat, APi Group presently has an average rating of “Moderate Buy” and a consensus target price of $43.71.

APi Group Trading Down 0.2 %

Shares of NYSE APG opened at $37.55 on Thursday. APi Group Co. has a 1 year low of $29.75 and a 1 year high of $39.98. The stock has a market cap of $10.32 billion, a P/E ratio of -19.06 and a beta of 1.54. The firm has a 50-day moving average of $34.58 and a 200 day moving average of $35.54. 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 (NYSE:APG) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the company posted $0.48 EPS. APi Group’s revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts expect that APi Group Co. will post 1.86 EPS for the current fiscal 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.