Point72 Asset Management L.P. Buys 140,644 Shares of APi Group Co. (NYSE:APG)

Point72 Asset Management L.P. boosted its holdings in APi Group Co. (NYSE:APG - Free Report) by 187.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 215,544 shares of the company's stock after purchasing an additional 140,644 shares during the quarter. Point72 Asset Management L.P. owned about 0.08% of APi Group worth $7,753,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APG. Polar Asset Management Partners Inc. raised its holdings in APi Group by 376.5% in the 4th quarter. Polar Asset Management Partners Inc. now owns 121,500 shares of the company's stock worth $4,370,000 after acquiring an additional 96,000 shares during the last quarter. Progeny 3 Inc. lifted its stake in APi Group by 2.7% during the 4th quarter. Progeny 3 Inc. now owns 2,360,525 shares of the company's stock valued at $84,908,000 after acquiring an additional 62,500 shares during the period. Man Group plc boosted its holdings in shares of APi Group by 96.0% during the 4th quarter. Man Group plc now owns 131,628 shares of the company's stock valued at $4,735,000 after acquiring an additional 64,468 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of APi Group by 5.2% in the fourth quarter. Nuveen Asset Management LLC now owns 711,025 shares of the company's stock worth $25,576,000 after acquiring an additional 35,004 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of APi Group by 19.2% during the fourth quarter. Janus Henderson Group PLC now owns 10,003,065 shares of the company's stock valued at $359,811,000 after purchasing an additional 1,611,744 shares during the last quarter. Institutional investors own 86.62% of the company's stock.

Insider Buying and Selling at APi Group

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

APi Group Stock Performance

NYSE:APG traded up $0.08 during mid-day trading on Friday, hitting $45.80. 640,359 shares of the company traded hands, compared to its average volume of 1,699,346. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The stock's fifty day moving average price is $38.49 and its 200-day moving average price is $37.79. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of -23.25 and a beta of 1.54. APi Group Co. has a one year low of $30.76 and a one year high of $48.08.

APi Group shares are set to split before the market opens on Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly created shares will be issued to shareholders after the closing bell on Monday, June 30th.

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, beating the consensus estimate of $0.35 by $0.02. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the firm earned $0.34 EPS. The company's revenue was up 7.4% on a year-over-year basis. Research analysts anticipate that APi Group Co. will post 1.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on APG. Robert W. Baird lifted their target price on shares of APi Group from $47.00 to $51.00 and gave the stock an "outperform" rating in a research report on Thursday. Royal Bank of Canada set a $52.00 price objective on APi Group in a research report on Thursday. Truist Financial increased their target price on APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday. JPMorgan Chase & Co. boosted their price target on APi Group from $39.00 to $46.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, UBS Group upped their price target on shares of APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $49.57.

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.