Concentric Capital Strategies LP Sells 50,571 Shares of APi Group Co. (NYSE:APG)

Concentric Capital Strategies LP trimmed its stake in APi Group Co. (NYSE:APG) by 26.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 141,618 shares of the company’s stock after selling 50,571 shares during the period. Concentric Capital Strategies LP’s holdings in APi Group were worth $4,676,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of APG. Cetera Advisors LLC raised its holdings in APi Group by 1.1% during the 1st quarter. Cetera Advisors LLC now owns 27,242 shares of the company’s stock valued at $1,070,000 after buying an additional 287 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of APi Group by 0.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company’s stock worth $4,091,000 after acquiring an additional 323 shares during the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of APi Group by 21.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock worth $79,000 after acquiring an additional 373 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of APi Group by 2.1% during the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock worth $755,000 after purchasing an additional 406 shares during the period. Finally, Ellenbecker Investment Group grew its holdings in APi Group by 8.3% during the 2nd quarter. Ellenbecker Investment Group now owns 5,625 shares of the company’s stock valued at $212,000 after purchasing an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Trading Up 0.6 %

Shares of NYSE APG opened at $37.78 on Monday. APi Group Co. has a twelve month low of $29.95 and a twelve month high of $39.98. 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 has a fifty day simple moving average of $34.66 and a two-hundred day simple moving average of $35.54. The firm has a market cap of $10.38 billion, a PE ratio of -19.18 and a beta of 1.54.

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

Insider Buying and Selling at APi Group

In other news, Director James E. Lillie sold 11,568 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the sale, the director now owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the business’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 transaction, the director now owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This trade represents 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 insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. 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. Robert W. Baird boosted their price objective on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. Finally, Barclays increased their target price on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.71.

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.