Graham Capital Management L.P. Has $2.41 Million Stake in APi Group Co. (NYSE:APG)

Graham Capital Management L.P. lowered its position in shares of APi Group Co. (NYSE:APG - Free Report) by 18.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 67,008 shares of the company's stock after selling 14,904 shares during the period. Graham Capital Management L.P.'s holdings in APi Group were worth $2,410,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Strategic Financial Concepts LLC grew its holdings in APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock valued at $82,000 after purchasing an additional 217,071 shares during the period. SG Americas Securities LLC lifted its stake in APi Group by 325.6% in the fourth quarter. SG Americas Securities LLC now owns 21,231 shares of the company's stock worth $764,000 after purchasing an additional 16,242 shares during the last quarter. Asset Management One Co. Ltd. grew its position in APi Group by 24.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 89,897 shares of the company's stock worth $3,236,000 after acquiring an additional 17,404 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of APi Group in the fourth quarter worth $511,000. Finally, Mount Yale Investment Advisors LLC bought a new position in shares of APi Group during the fourth quarter valued at about $249,000. Institutional investors own 86.62% of the company's stock.

APi Group Trading Down 0.0%

NYSE APG traded down $0.01 during trading hours on Friday, hitting $45.77. 502,315 shares of the company's stock were exchanged, compared to its average volume of 1,710,136. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. APi Group Co. has a 12-month low of $30.76 and a 12-month high of $46.18. The firm has a market capitalization of $12.67 billion, a P/E ratio of -23.24 and a beta of 1.54. The business's 50 day moving average is $37.57 and its 200-day moving average is $37.39.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the business posted $0.34 EPS. The business's revenue was up 7.4% on a year-over-year basis. As a group, analysts anticipate that APi Group Co. will post 1.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Ian G. H. Ashken sold 150,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $42.72, for a total value of $6,408,000.00. Following the completion of the transaction, the director now directly owns 5,612,102 shares of the company's stock, valued at $239,748,997.44. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James E. Lillie sold 50,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the transaction, the director now owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

APG has been the subject of several recent research reports. UBS Group lowered their target price on shares of APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Citigroup cut their price objective on APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Barclays lifted their price objective on APi Group from $43.00 to $48.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Robert W. Baird raised their price objective on shares of APi Group from $40.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. Finally, Truist Financial restated a "buy" rating and set a $48.00 price target (up previously from $45.00) on shares of APi Group in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.86.

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.