APi Group Co. (NYSE:APG) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC lifted its stake in shares of APi Group Co. (NYSE:APG) by 10.8% during the third quarter, Holdings Channel.com reports. The fund owned 54,553 shares of the company’s stock after purchasing an additional 5,337 shares during the period. Tidal Investments LLC’s holdings in APi Group were worth $1,801,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. First Horizon Advisors Inc. bought a new stake in APi Group during the third quarter worth approximately $26,000. Avior Wealth Management LLC bought a new stake in APi Group during the third quarter worth approximately $33,000. Strategic Financial Concepts LLC boosted its holdings in APi Group by 3,622.0% during the second quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock worth $148,000 after buying an additional 382,012 shares in the last quarter. SG Americas Securities LLC bought a new stake in APi Group during the third quarter worth approximately $165,000. Finally, KBC Group NV lifted its position in APi Group by 14.8% in the 3rd quarter. KBC Group NV now owns 5,601 shares of the company’s stock worth $185,000 after buying an additional 721 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Stock Performance

Shares of APG opened at $38.77 on Wednesday. The company has a market capitalization of $10.65 billion, a PE ratio of -19.68 and a beta of 1.55. APi Group Co. has a one year low of $30.26 and a one 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 company’s fifty day moving average price is $35.99 and its 200 day moving average price is $35.75.

APi Group (NYSE:APG) last announced its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. As a group, analysts expect that APi Group Co. will post 1.83 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on APG. Robert W. Baird increased their target price 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. Barclays raised their price target on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Citigroup raised their price target on shares of APi Group from $42.00 to $45.00 and gave the company a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada restated a “sector perform” rating and set a $45.00 price target on shares of APi Group in a report on Friday, November 1st. Finally, William Blair restated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, APi Group presently has an average rating of “Moderate Buy” and an average target price of $43.43.

Insiders Place Their Bets

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the firm’s stock in a transaction on 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 $202,002,581.73. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James E. Lillie sold 11,568 shares of the firm’s stock in a transaction 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 in the company, 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. Company insiders own 18.20% of the company’s stock.

APi Group 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.