Blueshift Asset Management LLC Invests $801,000 in APi Group Co. (NYSE:APG)

Blueshift Asset Management LLC bought a new stake in shares of APi Group Co. (NYSE:APG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 24,243 shares of the company’s stock, valued at approximately $801,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC lifted its holdings in shares of APi Group by 4.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock worth $278,000 after buying an additional 333 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in APi Group by 192.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company’s stock valued at $2,121,000 after purchasing an additional 35,520 shares during the period. California State Teachers Retirement System grew its position in APi Group by 2.3% in the 1st quarter. California State Teachers Retirement System now owns 186,362 shares of the company’s stock worth $7,318,000 after purchasing an additional 4,102 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of APi Group by 60.0% during the 1st quarter. Tidal Investments LLC now owns 40,712 shares of the company’s stock worth $1,599,000 after purchasing an additional 15,265 shares during the period. Finally, Comerica Bank increased its holdings in shares of APi Group by 109.8% during the 1st quarter. Comerica Bank now owns 5,641 shares of the company’s stock worth $222,000 after purchasing an additional 2,952 shares during the period. Institutional investors own 86.62% of the company’s stock.

APi Group Price Performance

APi Group stock opened at $37.55 on Thursday. The business has a 50 day simple moving average of $34.58 and a 200 day simple moving average of $35.54. APi Group Co. has a one year low of $29.75 and a one year high of $39.98. The company has a market capitalization of $10.32 billion, a PE ratio of -19.06 and a beta of 1.54. 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 (NYSE:APG) last issued its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The company 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 firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 EPS. On average, sell-side analysts forecast that APi Group Co. will post 1.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on APG. Royal Bank of Canada reissued a “sector perform” rating and set a $45.00 target price on shares of APi Group in a research report on Friday, November 1st. JPMorgan Chase & Co. reduced their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Barclays boosted their price objective on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird raised their target price on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, APi Group has an average rating of “Moderate Buy” and an average price target of $43.71.

Insider Transactions at APi Group

In other APi Group news, Director James E. Lillie sold 11,568 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction 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 represents a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. This represents a 0.97 % 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 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.