Quantbot Technologies LP Purchases 157,159 Shares of APi Group Co. (NYSE:APG)

Quantbot Technologies LP increased its position in shares of APi Group Co. (NYSE:APG) by 5,964.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,794 shares of the company’s stock after acquiring an additional 157,159 shares during the quarter. Quantbot Technologies LP’s holdings in APi Group were worth $5,276,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of APi Group by 4.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company’s stock valued at $227,881,000 after purchasing an additional 324,544 shares during the last quarter. Cooke & Bieler LP lifted its stake in shares of APi Group by 218.9% in the 2nd quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company’s stock valued at $108,545,000 after purchasing an additional 1,979,931 shares during the period. Artemis Investment Management LLP boosted its position in shares of APi Group by 65.8% in the 2nd quarter. Artemis Investment Management LLP now owns 2,543,375 shares of the company’s stock worth $95,707,000 after purchasing an additional 1,009,328 shares during the last quarter. Select Equity Group L.P. grew its stake in shares of APi Group by 7.6% during the second quarter. Select Equity Group L.P. now owns 2,464,597 shares of the company’s stock worth $92,743,000 after purchasing an additional 173,544 shares during the period. Finally, Swedbank AB increased its holdings in APi Group by 18.8% in the third quarter. Swedbank AB now owns 2,209,000 shares of the company’s stock valued at $72,941,000 after purchasing an additional 349,000 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

APG has been the subject of several analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $45.00 target price on shares of APi Group in a research report on Friday, November 1st. Barclays boosted their price objective on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Robert W. Baird increased their target price on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, APi Group presently has an average rating of “Moderate Buy” and a consensus price target of $43.71.

Insider Activity at APi Group

In related news, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the transaction, the director now owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is owned by company insiders.

APi Group Price Performance

Shares of APi Group stock opened at $37.64 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group Co. has a one year low of $29.75 and a one year high of $39.98. The stock’s 50-day moving average is $34.52 and its 200-day moving average is $35.53.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Research analysts anticipate that APi Group Co. will post 1.86 earnings per share for the current year.

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.