Two Sigma Advisers LP Has $29.54 Million Stock Position in APi Group Co. (NYSE:APG)

Two Sigma Advisers LP grew its stake in shares of APi Group Co. (NYSE:APG) by 124.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 894,600 shares of the company’s stock after buying an additional 496,500 shares during the period. Two Sigma Advisers LP’s holdings in APi Group were worth $29,540,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Janus Henderson Group PLC grew its holdings in shares of APi Group by 19.2% during the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after purchasing an additional 1,351,013 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in APi Group by 4.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company’s stock worth $227,881,000 after purchasing an additional 324,544 shares during the period. State Street Corp boosted its stake in APi Group by 3.7% during the third quarter. State Street Corp now owns 3,723,241 shares of the company’s stock worth $122,941,000 after buying an additional 132,971 shares in the last quarter. Cooke & Bieler LP increased its holdings in APi Group by 218.9% in the 2nd quarter. Cooke & Bieler LP now owns 2,884,540 shares of the company’s stock valued at $108,545,000 after buying an additional 1,979,931 shares during the period. Finally, Select Equity Group L.P. raised its stake in shares of APi Group by 7.6% in the 2nd quarter. Select Equity Group L.P. now owns 2,464,597 shares of the company’s stock valued at $92,743,000 after buying an additional 173,544 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Price Performance

APG opened at $38.60 on Friday. The stock has a market cap of $10.61 billion, a P/E ratio of -19.59 and a beta of 1.55. APi Group Co. has a 12 month low of $30.15 and a 12 month high of $40.89. 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 company has a fifty day simple moving average of $35.11 and a 200 day simple moving average of $35.62.

APi Group (NYSE:APG) last announced its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate 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 period last year, the company posted $0.48 EPS. On average, research analysts expect that APi Group Co. will post 1.86 EPS for the current year.

Wall Street Analysts Forecast Growth

APG has been the topic of a number of analyst reports. William Blair reissued an “outperform” rating on shares of APi Group in a research note on Thursday. Robert W. Baird upped their price objective on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. 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. Finally, Barclays upped their price target on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.71.

Insider Activity at APi Group

In other APi Group news, Director James E. Lillie sold 11,568 shares of the business’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 value of $427,784.64. Following the sale, the director now owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction that occurred 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 directly owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by insiders.

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.