XTX Topco Ltd Acquires 27,249 Shares of APi Group Co. (NYSE:APG)

XTX Topco Ltd lifted its holdings in shares of APi Group Co. (NYSE:APG) by 221.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 39,552 shares of the company’s stock after acquiring an additional 27,249 shares during the period. XTX Topco Ltd’s holdings in APi Group were worth $1,488,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in APG. Hsbc Holdings PLC lifted its position in shares of APi Group by 86.8% during the 2nd quarter. Hsbc Holdings PLC now owns 29,751 shares of the company’s stock worth $1,131,000 after buying an additional 13,827 shares during the period. Amalgamated Bank raised its stake in APi Group by 75.9% during the second quarter. Amalgamated Bank now owns 12,459 shares of the company’s stock worth $469,000 after acquiring an additional 5,377 shares in the last quarter. Tredje AP fonden bought a new position in shares of APi Group during the second quarter valued at $2,032,000. DHK Financial Advisors Inc. acquired a new stake in shares of APi Group in the 2nd quarter valued at $785,000. Finally, Renaissance Technologies LLC grew its holdings in shares of APi Group by 79.2% in the 2nd quarter. Renaissance Technologies LLC now owns 514,900 shares of the company’s stock worth $19,376,000 after purchasing an additional 227,600 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Performance

Shares of APi Group stock opened at $35.21 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.38. The firm has a 50 day simple moving average of $35.08 and a 200 day simple moving average of $36.84. APi Group Co. has a fifty-two week low of $24.61 and a fifty-two week high of $39.98. The firm has a market cap of $9.66 billion, a P/E ratio of -16.38, a P/E/G ratio of 0.99 and a beta of 1.56.

APi Group (NYSE:APG) last released its earnings results on Thursday, August 1st. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. APi Group had a return on equity of 36.53% and a net margin of 2.81%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the firm earned $0.41 EPS. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. Sell-side analysts predict that APi Group Co. will post 1.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

APG has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Barclays cut their target price on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, Robert W. Baird decreased their price target on APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, APi Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.86.

Insider Buying and Selling at APi Group

In other news, SVP Louis Lambert sold 5,679 shares of APi Group stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $36.04, for a total transaction of $204,671.16. Following the completion of the sale, the senior vice president now owns 2,421 shares in the company, valued at approximately $87,252.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP Louis Lambert sold 5,679 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 2,421 shares in the company, valued at approximately $87,252.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin E. Franklin sold 178,346 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total value of $6,288,479.96. Following the completion of the transaction, the director now owns 14,267,479 shares in the company, valued at $503,071,309.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 340,358 shares of company stock worth $11,653,157. Company insiders own 16.40% of the company’s stock.

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.