D. E. Shaw & Co. Inc. Sells 252,142 Shares of APi Group Co. (NYSE:APG)

D. E. Shaw & Co. Inc. cut its stake in shares of APi Group Co. (NYSE:APG - Free Report) by 36.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 442,774 shares of the company's stock after selling 252,142 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.16% of APi Group worth $15,927,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Barclays PLC lifted its holdings in APi Group by 1.6% during the third quarter. Barclays PLC now owns 364,281 shares of the company's stock valued at $12,026,000 after purchasing an additional 5,701 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of APi Group by 48.0% during the 4th quarter. Park Avenue Securities LLC now owns 12,777 shares of the company's stock valued at $460,000 after purchasing an additional 4,144 shares during the period. SG Americas Securities LLC lifted its stake in shares of APi Group by 325.6% during the 4th quarter. SG Americas Securities LLC now owns 21,231 shares of the company's stock valued at $764,000 after buying an additional 16,242 shares in the last quarter. Blue Trust Inc. lifted its stake 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 in the last quarter. Finally, KBC Group NV boosted its holdings in APi Group by 56.2% in the 4th quarter. KBC Group NV now owns 8,750 shares of the company's stock worth $315,000 after buying an additional 3,149 shares during the period. 86.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Robert W. Baird raised their price target on APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Barclays boosted their price target on APi Group from $43.00 to $48.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Royal Bank of Canada raised shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a report on Tuesday, January 14th. Citigroup reduced their price objective on shares of APi Group from $46.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Truist Financial restated a "buy" rating and set a $48.00 target price (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, APi Group presently has a consensus rating of "Moderate Buy" and an average target price of $43.86.

Insider Transactions at APi Group

In other news, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 5,612,102 shares in the company, valued at approximately $239,748,997.44. This represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James E. Lillie sold 50,000 shares of the firm's stock in a transaction that occurred 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 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. Company insiders own 17.00% of the company's stock.

APi Group Stock Up 2.7%

Shares of APG opened at $45.37 on Tuesday. The business's 50 day simple moving average is $37.00 and its 200-day simple moving average is $37.18. APi Group Co. has a 1 year low of $30.76 and a 1 year high of $45.74. 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 stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of -23.03 and a beta of 1.54.

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

Want to see what other hedge funds are holding APG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for APi Group Co. (NYSE:APG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.