APi Group Co. (NYSE:APG) Shares Sold by Jane Street Group LLC

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

Several other institutional investors and hedge funds also recently bought and sold shares of APG. Blue Trust Inc. raised its position in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after buying an additional 386 shares during the period. ORG Wealth Partners LLC purchased a new stake in APi Group in the fourth quarter valued at $34,000. First Horizon Advisors Inc. lifted its stake in shares of APi Group by 53.4% in the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock valued at $43,000 after purchasing an additional 414 shares during the last quarter. R Squared Ltd purchased a new position in shares of APi Group during the 4th quarter worth $85,000. Finally, Principal Securities Inc. increased its position in shares of APi Group by 28.1% during the 4th quarter. Principal Securities Inc. now owns 2,611 shares of the company's stock worth $94,000 after purchasing an additional 573 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on APG shares. Robert W. Baird increased their target price 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. UBS Group dropped 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. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a research note on Tuesday, January 14th. Truist Financial reaffirmed a "buy" rating and issued a $48.00 price objective (up from $45.00) on shares of APi Group in a research note on Thursday, February 27th. Finally, Citigroup decreased their target price on APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, APi Group has a consensus rating of "Moderate Buy" and a consensus price target of $43.86.

APi Group Trading Up 2.1 %

APG opened at $43.37 on Thursday. The business has a fifty day moving average price of $36.56 and a 200 day moving average price of $36.91. 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 12 month low of $30.76 and a 12 month high of $43.53. The stock has a market capitalization of $11.98 billion, a price-to-earnings ratio of -22.02 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 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.66 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. Sell-side analysts expect that APi Group Co. will post 1.83 earnings per share for the current fiscal year.

Insider Activity

In other APi Group news, Director James E. Lillie sold 50,000 shares of the firm's 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 sale, the director now directly owns 1,046,203 shares in the company, valued at $39,724,327.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 150,000 shares of the company'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 directly owns 5,612,102 shares of the company's stock, valued at approximately $239,748,997.44. This represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 17.00% of the company's stock.

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.

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