SG Americas Securities LLC Increases Holdings in APi Group Co. (NYSE:APG)

SG Americas Securities LLC boosted its holdings in shares of APi Group Co. (NYSE:APG) by 325.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,231 shares of the company’s stock after buying an additional 16,242 shares during the period. SG Americas Securities LLC’s holdings in APi Group were worth $764,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Advantage Alpha Capital Partners LP boosted its holdings in APi Group by 79.6% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock valued at $8,885,000 after acquiring an additional 119,229 shares during the period. GSA Capital Partners LLP bought a new position in APi Group during the 3rd quarter valued at approximately $881,000. Dynamic Technology Lab Private Ltd purchased a new stake in APi Group during the 3rd quarter valued at $2,586,000. Oppenheimer Asset Management Inc. boosted its stake in APi Group by 60.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock valued at $3,290,000 after purchasing an additional 37,531 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in APi Group by 5,964.3% during the 3rd quarter. Quantbot Technologies LP now owns 159,794 shares of the company’s stock valued at $5,276,000 after purchasing an additional 157,159 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Performance

NYSE:APG opened at $37.46 on Thursday. APi Group Co. has a 1-year low of $31.44 and a 1-year high of $40.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The firm has a 50 day simple moving average of $37.29 and a 200-day simple moving average of $35.59. The firm has a market cap of $10.29 billion, a PE ratio of -19.01 and a beta of 1.55.

APi Group (NYSE:APG) last announced 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 company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business earned $0.48 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities analysts expect that APi Group Co. will post 1.83 EPS for the current year.

Insiders Place Their Bets

In related news, 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 transaction 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 represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction on 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 $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 owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on APG shares. William Blair restated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Barclays lifted their target price on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. 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 report on Tuesday, November 26th. Truist Financial began coverage on APi Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price objective on the stock. Finally, Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.38.

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.