MQS Management LLC Invests $484,000 in APi Group Co. (NYSE:APG)

MQS Management LLC purchased a new stake in shares of APi Group Co. (NYSE:APG) in the 3rd quarter, Holdings Channel reports. The fund purchased 14,666 shares of the company’s stock, valued at approximately $484,000.

Several other large investors have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp boosted its holdings in shares of APi Group by 81.3% in the 1st quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock worth $68,000 after acquiring an additional 776 shares in the last quarter. Motco bought a new position in shares of APi Group in the first quarter valued at about $83,000. Triad Wealth Partners LLC acquired a new position in APi Group during the 2nd quarter worth about $132,000. Strategic Financial Concepts LLC increased 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 acquiring an additional 382,012 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of APi Group in the third quarter worth about $165,000. 86.62% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Barclays lifted their target price on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 price target on shares of APi Group in a report on Friday, November 1st. Finally, Robert W. Baird dropped their price objective on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Insider Transactions at APi Group

In related news, SVP Louis Lambert sold 5,679 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $36.04, for a total value of $204,671.16. Following the sale, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at approximately $87,252.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other APi Group news, Director James E. Lillie sold 11,568 shares of the business’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 in the company, valued at approximately $41,958,802.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Louis Lambert sold 5,679 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $36.04, for a total value of $204,671.16. Following the transaction, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at approximately $87,252.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 195,593 shares of company stock valued at $6,920,936 over the last quarter. Corporate insiders own 18.20% of the company’s stock.

APi Group Stock Performance

Shares of NYSE:APG opened at $36.52 on Thursday. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of -18.54 and a beta of 1.54. The firm’s 50 day simple moving average is $33.93 and its 200 day simple moving average is $35.61. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. APi Group Co. has a fifty-two week low of $28.69 and a fifty-two week high of $39.98.

APi Group (NYSE:APG) last announced its quarterly earnings results 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 net margin of 3.01% and a return on equity of 33.89%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business earned $0.48 EPS. The firm’s revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts forecast that APi Group Co. will post 1.86 earnings per share for the current year.

APi Group Company 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.