Dynamic Technology Lab Private Ltd Takes $2.59 Million Position in APi Group Co. (NYSE:APG)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of APi Group Co. (NYSE:APG) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 78,319 shares of the company’s stock, valued at approximately $2,586,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. First Horizon Advisors Inc. bought a new stake in shares of APi Group during the 3rd quarter worth $26,000. Avior Wealth Management LLC bought a new stake in APi Group in the third quarter worth about $33,000. J.Safra Asset Management Corp boosted its stake in APi Group by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after acquiring an additional 373 shares during the last quarter. Triad Wealth Partners LLC bought a new position in shares of APi Group during the 2nd quarter valued at approximately $132,000. Finally, Strategic Financial Concepts LLC increased its stake in shares of APi Group by 3,622.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock worth $148,000 after purchasing an additional 382,012 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the sale, the director now owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the sale, the director now directly owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.20% of the company’s stock.

Analysts Set New Price Targets

APG has been the subject of a number of recent research reports. Barclays raised their target price on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Robert W. Baird lowered their price target on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. JPMorgan Chase & Co. decreased their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note 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 research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $44.00.

APi Group Trading Up 0.0 %

NYSE:APG opened at $37.01 on Monday. APi Group Co. has a 1-year low of $29.75 and a 1-year high of $39.98. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The business has a 50 day moving average of $34.38 and a 200 day moving average of $35.52.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS. As a group, research analysts anticipate that APi Group Co. will post 1.86 earnings per share for the current fiscal 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.