R Squared Ltd Acquires Shares of 2,350 APi Group Co. (NYSE:APG)

R Squared Ltd bought a new position in APi Group Co. (NYSE:APG) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,350 shares of the company’s stock, valued at approximately $85,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advantage Alpha Capital Partners LP lifted its position in shares of APi Group by 79.6% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock worth $8,885,000 after buying an additional 119,229 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of APi Group during the third quarter worth $881,000. Dynamic Technology Lab Private Ltd bought a new position in shares of APi Group in the third quarter worth $2,586,000. Oppenheimer Asset Management Inc. grew its position in shares of APi Group by 60.4% in the third 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 in the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of 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 period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Activity

In other news, Director James E. Lillie sold 11,568 shares of APi Group 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 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 sale was disclosed in a legal filing with the SEC, 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 value of $1,986,113.16. Following the sale, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on APG shares. Citigroup decreased their price target on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. William Blair restated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Truist Financial initiated coverage on APi Group in a research note on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price objective for the company. Robert W. Baird upped their price objective on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Finally, Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Tuesday, January 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, APi Group currently has an average rating of “Moderate Buy” and a consensus target price of $43.38.

APi Group Stock Up 1.6 %

Shares of APG opened at $38.09 on Friday. APi Group Co. has a 1 year low of $31.44 and a 1 year high of $40.89. The stock has a market capitalization of $10.47 billion, a price-to-earnings ratio of -19.33 and a beta of 1.55. The business’s 50 day simple moving average is $37.32 and its 200-day simple moving average is $35.60. 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 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. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 earnings per share. As a group, equities analysts expect that APi Group Co. will post 1.83 earnings per share for the current fiscal year.

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.