Healthcare of Ontario Pension Plan Trust Fund Has $108,000 Position in APi Group Co. (NYSE:APG)

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in APi Group Co. (NYSE:APG) by 97.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,272 shares of the company’s stock after selling 152,110 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in APi Group were worth $108,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of APG. Cooke & Bieler LP increased its position in shares of 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 in the last quarter. Millennium Management LLC bought a new position in shares of APi Group during the 2nd quarter valued at about $67,412,000. Artemis Investment Management LLP grew its position in shares of APi Group by 65.8% in the 2nd quarter. Artemis Investment Management LLP now owns 2,543,375 shares of the company’s stock valued at $95,707,000 after purchasing an additional 1,009,328 shares during the period. Point72 Asset Management L.P. increased its stake in APi Group by 382.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,064,395 shares of the company’s stock worth $40,053,000 after purchasing an additional 843,826 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of APi Group by 412.8% in the third quarter. Assenagon Asset Management S.A. now owns 1,044,034 shares of the company’s stock valued at $34,474,000 after buying an additional 840,452 shares during the period. Institutional investors own 86.62% of the company’s stock.

APi Group Trading Down 0.3 %

Shares of NYSE:APG opened at $37.67 on Tuesday. The stock has a market capitalization of $10.35 billion, a PE ratio of -19.11 and a beta of 1.54. The company’s 50-day moving average price is $34.66 and its two-hundred day moving average price is $35.54. 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 Co. has a one year low of $29.98 and a one year high of $39.98.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share. On average, equities analysts forecast that APi Group Co. will post 1.86 EPS for the current fiscal year.

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 11,568 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of APi Group 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 sale, the director now directly owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. The trade was a 0.97 % 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

A number of equities research analysts recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $45.00 price objective on shares of APi Group in a report on Friday, November 1st. Barclays lifted their price target on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird upped their price objective on APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.71.

APi Group 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.