APi Group Co. (NYSE:APG) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP cut its holdings in APi Group Co. (NYSE:APG - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 958,751 shares of the company's stock after selling 113,305 shares during the period. Two Sigma Investments LP owned about 0.35% of APi Group worth $34,486,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company's stock valued at $27,000 after purchasing an additional 386 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of APi Group by 53.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company's stock worth $43,000 after buying an additional 414 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in APi Group by 2,058.1% during the fourth 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 in the last quarter. R Squared Ltd acquired a new stake in APi Group in the 4th quarter valued at $85,000. Finally, Principal Securities Inc. increased its holdings in APi Group by 28.1% in the 4th quarter. Principal Securities Inc. now owns 2,611 shares of the company's stock valued at $94,000 after purchasing an additional 573 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Insider Activity

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the firm's 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 transaction, the director now directly owns 5,612,102 shares of the company's stock, valued at $239,748,997.44. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a 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 sale, the director now owns 1,046,203 shares in the company, valued at $39,724,327.91. This represents a 4.56% decrease in their position. The disclosure for this sale can be found here. Insiders own 17.00% of the company's stock.

APi Group Price Performance

Shares of APG stock traded down $0.11 during trading hours on Friday, reaching $45.61. 1,252,364 shares of the company were exchanged, compared to its average volume of 1,726,070. The stock's fifty day moving average is $38.66 and its two-hundred day moving average is $37.86. APi Group Co. has a fifty-two week low of $30.76 and a fifty-two week high of $48.08. The company has a market cap of $12.63 billion, a price-to-earnings 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.

Shares of APi Group are going to split 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 issued its quarterly earnings data on Thursday, May 1st. The company reported $0.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The firm's revenue was up 7.4% compared to the same quarter last year. Sell-side analysts forecast that APi Group Co. will post 1.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Robert W. Baird increased their price target on shares of APi Group from $47.00 to $51.00 and gave the stock an "outperform" rating in a research report on Thursday. JPMorgan Chase & Co. raised their price objective 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. Barclays lifted their price target on shares of APi Group from $43.00 to $48.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Citigroup decreased their price objective on shares of APi Group from $46.00 to $42.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, UBS Group lifted their target price on shares of APi Group from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, APi Group currently has an average rating of "Moderate Buy" and a consensus 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.