FNY Investment Advisers LLC Sells 2,000 Shares of APi Group Co. (NYSE:APG)

FNY Investment Advisers LLC reduced its stake in APi Group Co. (NYSE:APG) by 33.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,000 shares of the company’s stock after selling 2,000 shares during the period. FNY Investment Advisers LLC’s holdings in APi Group were worth $143,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Advantage Alpha Capital Partners LP grew 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 valued at $8,885,000 after purchasing an additional 119,229 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of APi Group in the third quarter worth approximately $881,000. Dynamic Technology Lab Private Ltd bought a new position in shares of APi Group in the third quarter worth approximately $2,586,000. Oppenheimer Asset Management Inc. grew its holdings in shares of APi Group by 60.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock valued at $3,290,000 after buying an additional 37,531 shares during the last quarter. Finally, ING Groep NV bought a new stake in shares of APi Group during the third quarter valued at approximately $3,213,000. 86.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on APG. Citigroup lowered their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Monday. Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Tuesday. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Barclays boosted their target price on 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 upped their target price on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, APi Group presently has an average rating of “Moderate Buy” and an average price target of $43.14.

APi Group Stock Up 3.5 %

APG stock opened at $37.03 on Wednesday. The company has a market cap of $10.17 billion, a price-to-earnings ratio of -18.80 and a beta of 1.55. 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 business’s 50-day moving average is $37.04 and its two-hundred day moving average is $35.53. APi Group Co. has a fifty-two week low of $31.16 and a fifty-two week high of $40.89.

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

Insiders Place Their Bets

In other news, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 5,478,779 shares in the company, valued at $202,002,581.73. This represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the transaction, the director now owns 1,134,635 shares in the company, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.20% of the company’s stock.

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.