11,163 Shares in APi Group Co. (NYSE:APG) Bought by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in shares of APi Group Co. (NYSE:APG) during the 3rd quarter, HoldingsChannel reports. The firm acquired 11,163 shares of the company’s stock, valued at approximately $369,000.

Several other large investors have also bought and sold shares of the stock. J.Safra Asset Management Corp raised its holdings in shares of 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 purchasing an additional 373 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in APi Group in the 2nd quarter worth about $132,000. Strategic Financial Concepts LLC increased its stake in APi Group by 3,622.0% in 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 during the last quarter. SG Americas Securities LLC bought a new position in shares of APi Group during the 3rd quarter worth approximately $165,000. Finally, Ellenbecker Investment Group boosted its stake in shares of APi Group by 8.3% in the 2nd quarter. Ellenbecker Investment Group now owns 5,625 shares of the company’s stock worth $212,000 after buying an additional 433 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Louis Lambert sold 5,679 shares of APi Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction of $204,671.16. Following the completion of the sale, the senior vice president now owns 2,421 shares of the company’s stock, valued at approximately $87,252.84. This trade represents a 70.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 5,478,779 shares in the company, valued at $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 249,461 shares of company stock worth $8,907,049. 18.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on APG shares. Robert W. Baird reduced their price objective on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Barclays upped their price objective on 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. lowered their target price on 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 set a $45.00 price target on shares of APi Group in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.00.

APi Group Trading Down 2.3 %

NYSE:APG opened at $35.37 on Friday. APi Group Co. has a 1 year low of $28.97 and a 1 year high of $39.98. The stock’s fifty day moving average price is $34.11 and its two-hundred day moving average price is $35.59. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The company has a market cap of $9.72 billion, a P/E ratio of -17.95 and a beta of 1.54.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $1.83 billion for 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 firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 EPS. As a group, analysts expect that APi Group Co. will post 1.86 EPS for the current year.

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.