APi Group Co. (NYSE:APG) Holdings Cut by Numerai GP LLC

Numerai GP LLC lowered its stake in shares of APi Group Co. (NYSE:APG) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,589 shares of the company’s stock after selling 3,753 shares during the period. Numerai GP LLC’s holdings in APi Group were worth $1,532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Barclays PLC boosted its position in APi Group by 1.6% during the third quarter. Barclays PLC now owns 364,281 shares of the company’s stock valued at $12,026,000 after purchasing an additional 5,701 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of APi Group by 48.0% during the 4th quarter. Park Avenue Securities LLC now owns 12,777 shares of the company’s stock worth $460,000 after purchasing an additional 4,144 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of APi Group by 325.6% during the 4th quarter. SG Americas Securities LLC now owns 21,231 shares of the company’s stock worth $764,000 after purchasing an additional 16,242 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock valued at $27,000 after buying an additional 386 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of APi Group by 56.2% in the 4th quarter. KBC Group NV now owns 8,750 shares of the company’s stock valued at $315,000 after buying an additional 3,149 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director James E. Lillie sold 50,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the transaction, the director now owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. The trade was a 4.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ian G. H. Ashken sold 150,000 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $42.72, for a total transaction of $6,408,000.00. Following the transaction, the director now directly owns 5,612,102 shares of the company’s stock, valued at $239,748,997.44. This represents a 2.60% decrease in their position. The disclosure for this sale can be found here. 17.00% of the stock is owned by company insiders.

APi Group Stock Up 1.0%

APG stock opened at $45.83 on Wednesday. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of -23.26 and a beta of 1.54. The company has a 50-day moving average of $37.19 and a two-hundred day moving average of $37.24. APi Group Co. has a 52-week low of $30.76 and a 52-week high of $46.18. 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 announced its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.66 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 EPS. As a group, equities research analysts anticipate that APi Group Co. will post 1.83 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Truist Financial reaffirmed a “buy” rating and set a $48.00 price objective (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Barclays lifted their price objective on shares of APi Group from $43.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. UBS Group cut their target price on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Robert W. Baird upped their price target on APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. 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 report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.86.

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.