APi Group Co. (NYSE:APG) Short Interest Update

APi Group Co. (NYSE:APG) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 5,120,000 shares, a growth of 48.0% from the October 15th total of 3,460,000 shares. Based on an average trading volume of 1,510,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 3.4% of the company’s shares are short sold.

Insider Transactions at APi Group

In other APi Group news, SVP Louis Lambert sold 5,679 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the sale, the senior vice president now owns 2,421 shares of the company’s stock, valued at approximately $87,252.84. This trade represents a 70.11 % 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 Martin E. Franklin sold 178,346 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total value of $6,288,479.96. Following the completion of the sale, the director now directly owns 14,267,479 shares of the company’s stock, valued at $503,071,309.54. This trade represents a 1.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 249,461 shares of company stock worth $8,907,049 over the last ninety days. 18.20% of the stock is owned by insiders.

Institutional Trading of APi Group

Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of APi Group by 2.9% in the third quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock valued at $123,217,000 after buying an additional 106,119 shares during the period. Barclays PLC raised its stake in shares of APi Group by 1.6% in the third quarter. Barclays PLC now owns 364,281 shares of the company’s stock valued at $12,026,000 after buying an additional 5,701 shares during the period. MML Investors Services LLC raised its stake in shares of APi Group by 6.3% in the third quarter. MML Investors Services LLC now owns 54,888 shares of the company’s stock valued at $1,812,000 after buying an additional 3,266 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of APi Group by 17.0% in the third quarter. Orion Portfolio Solutions LLC now owns 48,003 shares of the company’s stock valued at $1,585,000 after purchasing an additional 6,971 shares in the last quarter. Finally, XTX Topco Ltd grew its position in shares of APi Group by 15.1% in the third quarter. XTX Topco Ltd now owns 45,539 shares of the company’s stock valued at $1,504,000 after purchasing an additional 5,987 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on APG. Barclays raised their price objective on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Robert W. Baird dropped their target price on APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. dropped their target price on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

APi Group Stock Performance

APi Group stock traded down $0.84 during mid-day trading on Friday, reaching $35.37. 1,460,103 shares of the company’s stock were exchanged, compared to its average volume of 1,724,933. The business’s fifty day simple moving average is $34.11 and its 200 day simple moving average is $35.59. The firm has a market capitalization of $9.72 billion, a PE ratio of -17.95 and a beta of 1.54. APi Group has a one year low of $28.97 and a one year high of $39.98. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. APi Group’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.48 earnings per share. On average, sell-side analysts expect that APi Group will post 1.86 earnings per share for the current year.

APi Group Company 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.