Two Sigma Investments LP Sells 113,305 Shares of APi Group Co. (NYSE:APG)

Two Sigma Investments LP decreased its position in shares of APi Group Co. (NYSE:APG - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 958,751 shares of the company's stock after selling 113,305 shares during the quarter. Two Sigma Investments LP owned approximately 0.35% of APi Group worth $34,486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. raised its position 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 purchasing an additional 386 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of APi Group by 53.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock valued at $43,000 after buying an additional 414 shares during the period. Strategic Financial Concepts LLC raised its holdings in APi Group by 2,058.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company's stock valued at $82,000 after buying an additional 217,071 shares during the last quarter. R Squared Ltd acquired a new stake in APi Group during the 4th quarter worth approximately $85,000. Finally, Principal Securities Inc. boosted its position in 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 buying an additional 573 shares during the period. Institutional investors own 86.62% of the company's stock.

Insider Activity

In other APi Group news, 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ian G. H. Ashken sold 150,000 shares of the business's stock in a transaction that occurred on 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 sale, 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 position. The disclosure for this sale can be found here. Company insiders own 17.00% of the company's stock.

APi Group Trading Down 0.2%

NYSE APG traded down $0.11 during mid-day trading on Monday, reaching $45.61. 1,252,364 shares of the stock were exchanged, compared to its average volume of 1,728,473. The stock has a market cap of $12.63 billion, a P/E ratio of -23.15 and a beta of 1.54. 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 one year low of $30.76 and a one year high of $48.08. The stock has a 50 day simple moving average of $38.66 and a 200-day simple moving average of $37.87.

Shares of APi Group are going 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 distributed to shareholders after the closing bell on Monday, June 30th.

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

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. 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 research report on Monday, May 5th. JPMorgan Chase & Co. boosted their price objective on shares of APi Group from $39.00 to $46.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. UBS Group raised their target price on APi Group from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday. Citigroup reduced their price target on 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 increased their price target on APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, APi Group has a consensus rating of "Moderate Buy" and an average price target 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.