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

MQS Management LLC bought a new stake in APi Group Co. (NYSE:APG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,666 shares of the company’s stock, valued at approximately $484,000.

A number of other hedge funds have also made changes to their positions in APG. J.Safra Asset Management Corp increased its stake in APi Group by 81.3% in the 1st quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock valued at $68,000 after buying an additional 776 shares during the period. Motco purchased a new stake in shares of APi Group during the first quarter worth $83,000. Triad Wealth Partners LLC acquired a new stake in APi Group during the second quarter valued at $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 worth $148,000 after purchasing an additional 382,012 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of APi Group during the 3rd quarter valued at about $165,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Trading Down 1.2 %

APi Group stock opened at $36.52 on Thursday. APi Group Co. has a 52 week low of $28.69 and a 52 week high of $39.98. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The firm has a market capitalization of $10.03 billion, a PE ratio of -18.54 and a beta of 1.54. The business’s 50-day simple moving average is $33.93 and its 200-day simple moving average is $35.61.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting 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 the consensus estimate of $1.87 billion. During the same period in the previous year, the business posted $0.48 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts forecast that APi Group Co. will post 1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

APG has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 price objective on shares of APi Group in a report on Friday, November 1st. Barclays increased their target price 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, Robert W. Baird decreased their price target on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

Insider Activity

In related news, Director Martin E. Franklin sold 178,346 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the transaction, the director now directly owns 14,267,479 shares in the company, valued at $503,071,309.54. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were 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 of the company’s stock, valued at $41,958,802.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Martin E. Franklin sold 178,346 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the transaction, the director now owns 14,267,479 shares of the company’s stock, valued at approximately $503,071,309.54. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 195,593 shares of company stock valued at $6,920,936. 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.