Aigen Investment Management LP Makes New $206,000 Investment in APi Group Co. (NYSE:APG)

Aigen Investment Management LP bought a new stake in shares of APi Group Co. (NYSE:APG) during the 3rd quarter, Holdings Channel reports. The fund bought 6,237 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APG. J.Safra Asset Management Corp increased its position in APi Group by 21.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after purchasing an additional 373 shares during the period. Triad Wealth Partners LLC bought a new stake in shares of APi Group during the 2nd quarter valued at about $132,000. Strategic Financial Concepts LLC increased its position in shares of APi Group by 3,622.0% during the second quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock valued at $148,000 after buying an additional 382,012 shares during the period. SG Americas Securities LLC bought a new position in APi Group in the third quarter worth about $165,000. Finally, Ellenbecker Investment Group lifted its holdings in APi Group by 8.3% in the second quarter. Ellenbecker Investment Group now owns 5,625 shares of the company’s stock worth $212,000 after buying an additional 433 shares during the period. Institutional investors own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on APG shares. Robert W. Baird decreased their target price on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 price objective on shares of APi Group in a report on Friday, November 1st. JPMorgan Chase & Co. lowered their price objective on 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 upped 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Insiders Place Their Bets

In other news, 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 $202,002,581.73. This trade represents a 0.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction that occurred on Monday, November 11th. The stock was 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 owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 249,461 shares of company stock valued at $8,907,049. Corporate insiders own 18.20% of the company’s stock.

APi Group Price Performance

APG opened at $35.37 on Friday. The firm has a market cap of $9.72 billion, a PE ratio of -17.95 and a beta of 1.54. The stock has a 50-day moving average price of $34.11 and a 200-day moving average price of $35.57. APi Group Co. has a 1 year low of $28.97 and a 1 year high of $39.98. 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 posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 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 firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Sell-side analysts predict that APi Group Co. will post 1.86 earnings per share 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.