Quest Partners LLC Makes New $216,000 Investment in APi Group Co. (NYSE:APG)

Quest Partners LLC bought a new stake in APi Group Co. (NYSE:APG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,549 shares of the company’s stock, valued at approximately $216,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp boosted its stake in APi Group by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after acquiring an additional 373 shares during the last quarter. Triad Wealth Partners LLC purchased a new stake in shares of APi Group during the 2nd quarter valued at approximately $132,000. Strategic Financial Concepts LLC lifted its stake in shares of APi Group by 3,622.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock valued at $148,000 after buying an additional 382,012 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of APi Group during the 3rd quarter valued at approximately $165,000. Finally, KBC Group NV lifted its stake in shares of APi Group by 14.8% during the 3rd quarter. KBC Group NV now owns 5,601 shares of the company’s stock valued at $185,000 after buying an additional 721 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

APi Group Stock Performance

NYSE APG opened at $37.55 on Thursday. The company’s 50 day simple moving average is $34.58 and its two-hundred day simple moving average is $35.54. The stock has a market capitalization of $10.32 billion, a PE ratio of -19.06 and a beta of 1.54. APi Group Co. has a 1 year low of $29.75 and a 1 year high of $39.98. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $1.83 billion for 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 business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. Analysts predict that APi Group Co. will post 1.86 earnings per share for the current fiscal year.

Insider Transactions 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 shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 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 represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on APG shares. Robert W. Baird upped their price target on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday. 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. JPMorgan Chase & Co. dropped their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.