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

Tidal Investments LLC lifted its position in shares of APi Group Co. (NYSE:APG) by 10.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,553 shares of the company’s stock after buying an additional 5,337 shares during the period. Tidal Investments LLC’s holdings in APi Group were worth $1,801,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in APG. Advantage Alpha Capital Partners LP boosted its position in 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 purchasing an additional 119,229 shares during the period. GSA Capital Partners LLP purchased a new position in APi Group in the 3rd quarter valued at about $881,000. Dynamic Technology Lab Private Ltd purchased a new position in APi Group in the 3rd quarter valued at about $2,586,000. Oppenheimer Asset Management Inc. boosted its position in APi Group by 60.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock valued at $3,290,000 after buying an additional 37,531 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its position in APi Group by 3,622.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock valued at $148,000 after buying an additional 382,012 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the firm’s stock in a transaction that occurred 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 owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Lillie sold 11,568 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the transaction, 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 position. The disclosure for this sale can be found here. 18.20% of the stock is owned by company insiders.

APi Group Price Performance

APG opened at $38.77 on Wednesday. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of -19.68 and a beta of 1.55. APi Group Co. has a fifty-two week low of $30.26 and a fifty-two week high of $40.89. The company’s 50-day moving average price is $35.99 and its 200 day moving average price is $35.75. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $1.83 billion for 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%. APi Group’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. As a group, sell-side analysts expect that APi Group Co. will post 1.83 earnings per share for the current year.

Analyst Ratings Changes

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

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.