2,350 Shares in APi Group Co. (NYSE:APG) Acquired by R Squared Ltd

R Squared Ltd acquired a new stake in APi Group Co. (NYSE:APG) during the fourth quarter, Holdings Channel reports. The fund acquired 2,350 shares of the company’s stock, valued at approximately $85,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after buying an additional 386 shares in the last quarter. AQR Capital Management LLC lifted its stake in APi Group by 2.1% in the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock worth $755,000 after purchasing an additional 406 shares in the last quarter. Equitable Trust Co. boosted its holdings in shares of APi Group by 2.2% during the 3rd quarter. Equitable Trust Co. now owns 20,325 shares of the company’s stock worth $671,000 after purchasing an additional 446 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of APi Group by 0.8% in the third quarter. The Manufacturers Life Insurance Company now owns 57,718 shares of the company’s stock valued at $1,906,000 after purchasing an additional 450 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of APi Group by 14.8% in the third quarter. KBC Group NV now owns 5,601 shares of the company’s stock valued at $185,000 after purchasing an additional 721 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on APG. Citigroup dropped their target price on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Monday, January 13th. Truist Financial began coverage on shares of APi Group in a research report on Wednesday, January 22nd. They set a “buy” rating and a $45.00 price objective for the company. William Blair reiterated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Robert W. Baird raised their price target on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Finally, Barclays upped their price objective on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.38.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the sale, the director now directly owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This represents a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction that occurred 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 owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by insiders.

APi Group Trading Up 1.6 %

Shares of NYSE APG opened at $38.09 on Friday. The stock has a market capitalization of $10.47 billion, a PE ratio of -19.33 and a beta of 1.55. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock has a fifty day simple moving average of $37.32 and a 200-day simple moving average of $35.60. APi Group Co. has a twelve month low of $31.44 and a twelve month high of $40.89.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the business posted $0.48 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities analysts forecast that APi Group Co. will post 1.83 earnings per share 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.