APi Group Co. (NYSE:APG) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors lowered its stake in shares of APi Group Co. (NYSE:APG) by 55.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,669 shares of the company’s stock after selling 11,986 shares during the quarter. Captrust Financial Advisors’ holdings in APi Group were worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Walleye Capital LLC raised its position in shares of APi Group by 255.8% during the 3rd quarter. Walleye Capital LLC now owns 118,625 shares of the company’s stock worth $3,917,000 after buying an additional 85,289 shares in the last quarter. Spyglass Capital Management LLC boosted its holdings in shares of APi Group by 4.3% during the third quarter. Spyglass Capital Management LLC now owns 1,834,189 shares of the company’s stock worth $60,565,000 after purchasing an additional 75,622 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in APi Group by 106.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,419 shares of the company’s stock valued at $2,358,000 after acquiring an additional 36,750 shares during the last quarter. FORA Capital LLC acquired a new stake in shares of APi Group in the third quarter worth $1,488,000. Finally, Blueshift Asset Management LLC bought a new position in APi Group during the third quarter worth $801,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Stock Performance

NYSE:APG opened at $37.63 on Friday. The firm has a market cap of $10.34 billion, a PE ratio of -19.10 and a beta of 1.55. APi Group Co. has a fifty-two week low of $30.26 and a fifty-two week high of $40.89. 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 business has a 50 day moving average price of $35.74 and a 200-day moving average price of $35.71.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm’s 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 predict that APi Group Co. will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Citigroup upped their price target on shares of APi Group from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. William Blair restated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $45.00 price objective on shares of APi Group in a research note on Friday, November 1st. Robert W. Baird raised their price objective 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. Finally, Barclays raised 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.43.

Insider Buying and Selling

In other APi Group news, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction 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 transaction, the director now owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. This represents a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now directly owns 5,478,779 shares in the company, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is owned by corporate insiders.

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.