Two Sigma Advisers LP Has $46.64 Million Stake in APi Group Co. (NYSE:APG)

Two Sigma Advisers LP boosted its position in shares of APi Group Co. (NYSE:APG - Free Report) by 44.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,296,700 shares of the company's stock after purchasing an additional 402,100 shares during the quarter. Two Sigma Advisers LP owned 0.47% of APi Group worth $46,642,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of APG. Barclays PLC grew 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 during the period. Park Avenue Securities LLC grew its holdings in APi Group by 48.0% during the fourth 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 grew its holdings in APi Group by 325.6% during the fourth quarter. SG Americas Securities LLC now owns 21,231 shares of the company's stock valued at $764,000 after purchasing an additional 16,242 shares during the period. Blue Trust Inc. lifted its stake in APi Group by 92.3% in the fourth 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 lifted its stake in APi Group by 56.2% in the fourth quarter. KBC Group NV now owns 8,750 shares of the company's stock valued at $315,000 after buying an additional 3,149 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Analyst Ratings Changes

APG has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of APi Group from $39.00 to $46.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Truist Financial lifted their price target on shares of APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday. Barclays lifted their price target on shares of APi Group from $43.00 to $48.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Citigroup cut 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, Royal Bank of Canada set a $52.00 price objective on shares of APi Group in a research report on Thursday. 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, the company presently has an average rating of "Moderate Buy" and an average price target of $49.57.

APi Group Stock Performance

Shares of NYSE:APG traded down $0.11 on Friday, hitting $45.61. The company had a trading volume of 1,252,364 shares, compared to its average volume of 1,728,473. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $48.08. The stock has a market cap of $12.63 billion, a price-to-earnings ratio of -23.15 and a beta of 1.54. The stock has a 50 day moving average price of $38.66 and a 200 day moving average price of $37.87. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

APi Group's stock is going to split on Tuesday, July 1st. The 3-2 split was announced on Wednesday, May 21st. The newly issued shares will be payable to shareholders after the market closes on Monday, June 30th.

APi Group (NYSE:APG - Get Free Report) last released 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 in the previous year, the company earned $0.34 earnings per share. The company's quarterly revenue was up 7.4% on a year-over-year basis. Analysts expect that APi Group Co. will post 1.83 EPS for the current year.

Insider Activity at APi Group

In other news, Director Ian G. H. Ashken sold 150,000 shares of the stock in a transaction dated Monday, May 5th. The shares were 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the transaction, the director now 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 position. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by corporate insiders.

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.