XTX Topco Ltd Purchases 27,249 Shares of APi Group Co. (NYSE:APG)

XTX Topco Ltd lifted its position in APi Group Co. (NYSE:APG) by 221.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 39,552 shares of the company’s stock after buying an additional 27,249 shares during the period. XTX Topco Ltd’s holdings in APi Group were worth $1,488,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in APi Group by 10.2% in the fourth quarter. Vanguard Group Inc. now owns 20,790,443 shares of the company’s stock valued at $719,349,000 after buying an additional 1,930,059 shares in the last quarter. Swedbank AB lifted its position in APi Group by 21.1% in the 2nd quarter. Swedbank AB now owns 1,860,000 shares of the company’s stock valued at $69,992,000 after acquiring an additional 324,000 shares in the last quarter. Duality Advisers LP acquired a new position in APi Group in the 1st quarter worth $1,447,000. Capital World Investors boosted its stake in APi Group by 794.6% in the 4th quarter. Capital World Investors now owns 1,185,771 shares of the company’s stock worth $41,028,000 after purchasing an additional 1,053,222 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its holdings in APi Group by 192.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,950 shares of the company’s stock worth $2,121,000 after purchasing an additional 35,520 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insider Activity at APi Group

In other APi Group news, SVP Louis Lambert sold 6,333 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $32.45, for a total value of $205,505.85. Following the sale, the senior vice president now owns 8,100 shares in the company, valued at $262,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other APi Group news, SVP Louis Lambert sold 6,333 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.45, for a total value of $205,505.85. Following the transaction, the senior vice president now directly owns 8,100 shares in the company, valued at $262,845. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the completion of the transaction, the director now directly owns 5,678,779 shares in the company, valued at $187,570,070.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 340,358 shares of company stock worth $11,653,157. Insiders own 16.40% of the company’s stock.

Analyst Upgrades and Downgrades

APG has been the subject of several recent research reports. Barclays reduced their price objective on APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Robert W. Baird reduced their price target on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.86.

APi Group Trading Down 1.6 %

NYSE APG opened at $35.21 on Friday. APi Group Co. has a 12 month low of $24.61 and a 12 month high of $39.98. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. The stock has a 50 day moving average of $35.08 and a 200-day moving average of $36.84. The company has a market cap of $9.66 billion, a PE ratio of -16.38, a PEG ratio of 0.99 and a beta of 1.56.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.79 billion. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. On average, equities research analysts anticipate that APi Group Co. will post 1.87 EPS for the current fiscal year.

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.