APi Group Co. (NYSE:APG) Shares Acquired by Seven Eight Capital LP

Seven Eight Capital LP lifted its stake in shares of APi Group Co. (NYSE:APG) by 29.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,903 shares of the company’s stock after purchasing an additional 3,620 shares during the quarter. Seven Eight Capital LP’s holdings in APi Group were worth $625,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its position in APi Group by 43.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock worth $44,000 after acquiring an additional 390 shares in the last quarter. Whittier Trust Co. raised its position in APi Group by 100.9% in the first quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock worth $59,000 after acquiring an additional 752 shares in the last quarter. J.Safra Asset Management Corp raised its position in APi Group by 81.3% in the first 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 purchased a new position in APi Group in the first quarter worth $83,000. Finally, Signaturefd LLC increased its position in shares of APi Group by 40.2% in the fourth quarter. Signaturefd LLC now owns 3,617 shares of the company’s stock valued at $125,000 after buying an additional 1,038 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Trading Down 4.7 %

Shares of APi Group stock traded down $1.80 during trading hours on Wednesday, reaching $36.36. The stock had a trading volume of 1,080,056 shares, compared to its average volume of 1,796,425. The firm has a 50 day simple moving average of $37.18 and a two-hundred day simple moving average of $36.54. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of -17.27, a P/E/G ratio of 1.10 and a beta of 1.57. The company has a current ratio of 1.35, a quick ratio of 1.26 and a debt-to-equity ratio of 1.14. APi Group Co. has a 1 year low of $24.61 and a 1 year high of $39.98.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.60 billion. APi Group had a return on equity of 37.83% and a net margin of 2.49%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the business posted $0.25 EPS. As a group, equities research analysts anticipate that APi Group Co. will post 1.88 earnings per share for the current year.

Insider Activity at APi Group

In related news, Director Ian G. H. Ashken sold 150,000 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $37.21, for a total transaction of $5,581,500.00. Following the sale, the director now directly owns 5,828,779 shares in the company, valued at approximately $216,888,866.59. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other APi Group news, major shareholder Global Investors Lp Viking sold 1,951,782 shares of APi Group stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $38.15, for a total transaction of $74,460,483.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $37.21, for a total value of $5,581,500.00. Following the sale, the director now owns 5,828,779 shares in the company, valued at $216,888,866.59. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on APG shares. Royal Bank of Canada raised their price target on APi Group from $36.00 to $45.00 and gave the company a “sector perform” rating in a research report on Monday, April 8th. Robert W. Baird increased their price objective on APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Finally, Citigroup raised their price target on APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $44.29.

APi Group 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.