Qsemble Capital Management LP Raises Stake in APi Group Co. (NYSE:APG)

Qsemble Capital Management LP lifted its position in shares of APi Group Co. (NYSE:APG) by 709.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 126,530 shares of the company’s stock after acquiring an additional 110,904 shares during the quarter. Qsemble Capital Management LP’s holdings in APi Group were worth $4,178,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Janus Henderson Group PLC raised its stake in APi Group by 6,312.4% in the first quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company’s stock valued at $191,822,000 after purchasing an additional 4,808,536 shares in the last quarter. Cooke & Bieler LP lifted its holdings in shares of APi Group by 218.9% during the 2nd quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company’s stock worth $108,545,000 after acquiring an additional 1,979,931 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in APi Group by 39.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,443,315 shares of the company’s stock worth $253,030,000 after acquiring an additional 1,826,227 shares in the last quarter. Millennium Management LLC bought a new position in APi Group in the second quarter valued at $67,412,000. Finally, Swedbank AB purchased a new stake in APi Group during the first quarter valued at about $60,319,000. Institutional investors own 86.62% of the company’s stock.

Insider Transactions at APi Group

In other news, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction dated 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 directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James E. Lillie sold 11,568 shares of the firm’s stock in a transaction that occurred 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 directly 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 disclosure for this sale can be found here. Corporate insiders own 18.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Robert W. Baird cut their target price 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 target price on shares of APi Group in a report on Friday, November 1st. JPMorgan Chase & Co. lowered their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Barclays raised their price objective on 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

APi Group Stock Up 3.4 %

NYSE:APG traded up $1.26 during trading hours on Monday, reaching $38.27. 248,833 shares of the company traded hands, compared to its average volume of 1,704,150. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The business’s 50-day moving average price is $34.38 and its two-hundred day moving average price is $35.52. APi Group Co. has a 1 year low of $29.75 and a 1 year high of $39.98.

APi Group (NYSE:APG) last announced its earnings results 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 during the quarter, compared to analyst estimates of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. On average, equities research analysts expect that APi Group Co. will post 1.86 EPS for the current fiscal year.

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.