APi Group (NYSE:APG) Sees Unusually-High Trading Volume

APi Group Co. (NYSE:APG) saw an uptick in trading volume on Wednesday . 30,959 shares changed hands during mid-day trading, a decline of 97% from the previous session’s volume of 918,743 shares.The stock last traded at $20.74 and had previously closed at $20.59.

Separately, Zacks Investment Research downgraded shares of APi Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 25th.

The firm’s fifty day moving average is $22.02 and its 200-day moving average is $21.31. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of -16.34 and a beta of 0.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.31 and a quick ratio of 2.21.

APi Group (NYSE:APG) last posted its quarterly earnings data on Tuesday, August 10th. The company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. APi Group had a net margin of 0.50% and a return on equity of 25.92%.

A number of hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC lifted its position in APi Group by 4.1% in the second quarter. Parametric Portfolio Associates LLC now owns 39,357 shares of the company’s stock worth $822,000 after purchasing an additional 1,551 shares during the period. Morgan Stanley increased its stake in shares of APi Group by 413.7% in the second quarter. Morgan Stanley now owns 268,636 shares of the company’s stock valued at $5,611,000 after buying an additional 216,346 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of APi Group by 19.9% in the second quarter. Wells Fargo & Company MN now owns 6,043,365 shares of the company’s stock valued at $126,246,000 after buying an additional 1,001,995 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of APi Group in the second quarter valued at $1,992,000. Finally, Metropolitan Life Insurance Co NY increased its position in APi Group by 129,336.8% in the second quarter. Metropolitan Life Insurance Co NY now owns 49,186 shares of the company’s stock worth $1,027,000 after purchasing an additional 49,148 shares during the period. Institutional investors own 73.04% of the company’s stock.

About APi Group (NYSE:APG)

APi Group Corporation provides safety, specialty, and industrial services primarily in North America. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions, and HVAC and entry systems, which include the design, installation, inspection, and service of these integrated systems.

Further Reading: Market Perform

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