Point72 Hong Kong Ltd Has $198,000 Stock Holdings in APi Group Co. (NYSE:APG)

Point72 Hong Kong Ltd trimmed its stake in shares of APi Group Co. (NYSE:APG) by 49.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,000 shares of the company’s stock after selling 5,800 shares during the quarter. Point72 Hong Kong Ltd’s holdings in APi Group were worth $198,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB increased its stake in shares of APi Group by 21.1% during the second quarter. Swedbank AB now owns 1,860,000 shares of the company’s stock worth $69,992,000 after purchasing an additional 324,000 shares during the period. Advantage Alpha Capital Partners LP increased 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 buying an additional 119,229 shares during the period. GSA Capital Partners LLP bought a new position in APi Group during the 3rd quarter worth $881,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of APi Group during the third quarter worth $2,586,000. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of APi Group by 60.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock valued at $3,290,000 after acquiring an additional 37,531 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on APG shares. Robert W. Baird lifted their price objective on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 26th. Barclays raised their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 price target on shares of APi Group in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.71.

APi Group Stock Performance

Shares of NYSE:APG opened at $37.67 on Tuesday. APi Group Co. has a 1 year low of $29.98 and a 1 year high of $39.98. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of -19.12 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. The company’s 50 day simple moving average is $34.66 and its 200 day simple moving average is $35.54.

APi Group (NYSE:APG) last issued 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 return on equity of 33.89% and a net margin of 3.01%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the company posted $0.48 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, research analysts predict that APi Group Co. will post 1.86 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director James E. Lillie sold 11,568 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was 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 trade represents a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total value 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. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.20% of the company’s stock.

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.