APi Group Co. (NYSE:APG) Shares Sold by PDT Partners LLC

PDT Partners LLC decreased its holdings in APi Group Co. (NYSE:APG) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,125 shares of the company’s stock after selling 568 shares during the period. PDT Partners LLC’s holdings in APi Group were worth $1,358,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of APG. Allspring Global Investments Holdings LLC increased its holdings in shares of APi Group by 4.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company’s stock valued at $227,881,000 after purchasing an additional 324,544 shares during the last quarter. Cooke & Bieler LP grew its holdings in APi Group by 218.9% in the 2nd quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company’s stock valued at $108,545,000 after buying an additional 1,979,931 shares in the last quarter. Artemis Investment Management LLP increased its stake in shares of APi Group by 65.8% in the 2nd quarter. Artemis Investment Management LLP now owns 2,543,375 shares of the company’s stock worth $95,707,000 after acquiring an additional 1,009,328 shares during the last quarter. Select Equity Group L.P. raised its holdings in shares of APi Group by 7.6% during the 2nd quarter. Select Equity Group L.P. now owns 2,464,597 shares of the company’s stock worth $92,743,000 after acquiring an additional 173,544 shares during the period. Finally, M.D. Sass LLC boosted its position in shares of APi Group by 7.5% during the 3rd quarter. M.D. Sass LLC now owns 2,313,473 shares of the company’s stock valued at $76,391,000 after acquiring an additional 160,595 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 target price on shares of APi Group in a research note on Friday, November 1st. Robert W. Baird upped their price objective on 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 target price on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, APi Group currently has an average rating of “Moderate Buy” and a consensus price target of $43.71.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 11,568 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total value of $1,986,113.16. Following the sale, the director now owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 18.20% of the company’s stock.

APi Group Stock Up 0.6 %

Shares of NYSE APG opened at $37.78 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average is $34.66 and its two-hundred day moving average is $35.54. APi Group Co. has a 52-week low of $29.95 and a 52-week high of $39.98. The firm has a market cap of $10.38 billion, a price-to-earnings ratio of -19.18 and a beta of 1.54.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business earned $0.48 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Research analysts predict that APi Group Co. will post 1.86 EPS for the current 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.