Riposte Capital LLC Sells 100,000 Shares of APi Group Co. (NYSE:APG)

Riposte Capital LLC reduced its holdings in shares of APi Group Co. (NYSE:APG) by 25.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300,000 shares of the company’s stock after selling 100,000 shares during the quarter. APi Group makes up approximately 1.1% of Riposte Capital LLC’s holdings, making the stock its 12th biggest position. Riposte Capital LLC owned approximately 0.11% of APi Group worth $9,906,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in APG. Royal London Asset Management Ltd. boosted its stake in shares of APi Group by 57.1% during the third quarter. Royal London Asset Management Ltd. now owns 146,861 shares of the company’s stock valued at $4,849,000 after purchasing an additional 53,364 shares in the last quarter. Polar Asset Management Partners Inc. bought a new stake in APi Group during the third quarter worth $842,000. Janus Henderson Group PLC grew its stake in APi Group by 19.2% in the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock valued at $277,079,000 after purchasing an additional 1,351,013 shares during the period. Holocene Advisors LP bought a new position in APi Group in the 3rd quarter valued at $725,000. Finally, Centiva Capital LP bought a new position in APi Group in the 3rd quarter valued at $304,000. 86.62% of the stock is owned by institutional investors.

Insider Buying and Selling at APi Group

In related news, Director Ian G. H. Ashken sold 53,868 shares of the 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 of the company’s stock, valued at $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the 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 completion of the transaction, the director now directly owns 1,134,635 shares in the company, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

APG has been the topic of several recent research reports. Robert W. Baird increased their price objective on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Barclays increased their price objective on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 price objective on shares of APi Group in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.71.

APi Group Stock Performance

Shares of APi Group stock opened at $38.50 on Thursday. 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 twelve month low of $29.98 and a twelve month high of $39.98. The business has a 50-day moving average price of $34.91 and a 200 day moving average price of $35.58.

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

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.