APi Group Co. (NYSE:APG) Short Interest Update

APi Group Co. (NYSE:APG) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 5,120,000 shares, a growth of 48.0% from the October 15th total of 3,460,000 shares. Based on an average daily trading volume, of 1,510,000 shares, the short-interest ratio is presently 3.4 days. Approximately 3.4% of the shares of the stock are sold short.

APi Group Trading Down 2.3 %

Shares of NYSE APG traded down $0.84 during trading hours on Friday, hitting $35.37. 1,460,103 shares of the company traded hands, compared to its average volume of 1,724,933. The company’s 50 day moving average price is $34.11 and its 200 day moving average price is $35.59. APi Group has a 12 month low of $28.97 and a 12 month high of $39.98. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of -17.95 and a beta of 1.54. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. The business 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 revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 earnings per share. On average, equities research analysts anticipate that APi Group will post 1.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on APG. Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a research report on Friday, November 1st. JPMorgan Chase & Co. decreased their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Robert W. Baird cut their target price on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Finally, Barclays upped their price target on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.00.

Insiders Place Their Bets

In other news, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the sale, the director now owns 5,478,779 shares in the company, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James E. Lillie sold 11,568 shares of the company’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 transaction, the director now owns 1,134,635 shares of the company’s stock, valued at approximately $41,958,802.30. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 249,461 shares of company stock worth $8,907,049. Corporate insiders own 18.20% of the company’s stock.

Institutional Trading of APi Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of APi Group by 2.9% during the third quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock valued at $123,217,000 after purchasing an additional 106,119 shares during the period. Barclays PLC lifted its holdings in APi Group by 1.6% during the 3rd quarter. Barclays PLC now owns 364,281 shares of the company’s stock valued at $12,026,000 after buying an additional 5,701 shares in the last quarter. MML Investors Services LLC boosted its position in APi Group by 6.3% in the 3rd quarter. MML Investors Services LLC now owns 54,888 shares of the company’s stock valued at $1,812,000 after buying an additional 3,266 shares during the period. Orion Portfolio Solutions LLC grew its stake in APi Group by 17.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 48,003 shares of the company’s stock worth $1,585,000 after acquiring an additional 6,971 shares in the last quarter. Finally, XTX Topco Ltd increased its position in shares of APi Group by 15.1% during the third quarter. XTX Topco Ltd now owns 45,539 shares of the company’s stock worth $1,504,000 after acquiring an additional 5,987 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Company 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.