APi Group Co. (NYSE:APG) Holdings Decreased by Jane Street Group LLC

Jane Street Group LLC lessened its position in APi Group Co. (NYSE:APG - Free Report) by 68.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 277,156 shares of the company's stock after selling 607,323 shares during the period. Jane Street Group LLC owned approximately 0.10% of APi Group worth $9,969,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Freestone Grove Partners LP acquired a new stake in shares of APi Group during the 4th quarter valued at approximately $404,000. Comerica Bank raised its holdings in APi Group by 18.9% during the fourth quarter. Comerica Bank now owns 10,264 shares of the company's stock worth $369,000 after purchasing an additional 1,631 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its position in APi Group by 117.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 257,184 shares of the company's stock worth $9,251,000 after purchasing an additional 139,092 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in APi Group by 8.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 62,728 shares of the company's stock valued at $2,256,000 after purchasing an additional 5,010 shares during the last quarter. Finally, Snyder Capital Management L P increased its position in shares of APi Group by 4.5% in the fourth quarter. Snyder Capital Management L P now owns 1,954,560 shares of the company's stock valued at $70,306,000 after buying an additional 83,298 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company's stock.

APi Group Trading Up 1.7%

Shares of APG stock traded up $0.75 during trading hours on Tuesday, hitting $46.12. 749,855 shares of the company were exchanged, compared to its average volume of 1,704,160. The firm has a fifty day moving average of $37.00 and a 200 day moving average of $37.18. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group Co. has a 1 year low of $30.76 and a 1 year high of $46.41. The firm has a market cap of $12.77 billion, a PE ratio of -23.41 and a beta of 1.54.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.66 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. Analysts expect that APi Group Co. will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

APG has been the topic of several recent research reports. Barclays upped their price target on shares of APi Group from $43.00 to $48.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Truist Financial restated a "buy" rating and issued a $48.00 price objective (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. UBS Group dropped their price objective on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Royal Bank of Canada raised shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 target price for the company in a research note on Tuesday, January 14th. Finally, Robert W. Baird raised their price target 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. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.86.

Insider Transactions at APi Group

In related news, Director James E. Lillie sold 50,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the sale, the director now directly owns 1,046,203 shares of the company's stock, valued at approximately $39,724,327.91. This represents a 4.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian G. H. Ashken sold 150,000 shares of the business's stock in a transaction dated 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 transaction, the director now owns 5,612,102 shares in the company, valued at approximately $239,748,997.44. This represents a 2.60% decrease in their position. The disclosure for this sale can be found here. Company insiders own 17.00% of the company's stock.

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.