APi Group Co. (NYSE:APG) Stock Position Reduced by Xponance Inc.

Xponance Inc. cut its stake in shares of APi Group Co. (NYSE:APG) by 35.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,218 shares of the company’s stock after selling 4,542 shares during the period. Xponance Inc.’s holdings in APi Group were worth $309,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cetera Advisors LLC grew its position in APi Group by 1.1% during the first quarter. Cetera Advisors LLC now owns 27,242 shares of the company’s stock valued at $1,070,000 after purchasing an additional 287 shares in the last quarter. Commonwealth Equity Services LLC grew its position in APi Group by 0.3% in the second quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company’s stock worth $4,091,000 after acquiring an additional 323 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in APi Group by 4.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock worth $278,000 after acquiring an additional 333 shares in the last quarter. J.Safra Asset Management Corp grew its position 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 worth $79,000 after acquiring an additional 373 shares in the last quarter. Finally, Ellenbecker Investment Group grew its position in APi Group by 8.3% in the second quarter. Ellenbecker Investment Group now owns 5,625 shares of the company’s stock worth $212,000 after acquiring an additional 433 shares in the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at APi Group

In related news, SVP Louis Lambert sold 5,679 shares of the company’s stock in a transaction 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 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 SEC, which is available through the SEC website. In related news, Director Ian G. H. Ashken sold 150,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the completion of the transaction, the director now directly owns 5,678,779 shares in the company, valued at approximately $187,570,070.37. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Louis Lambert sold 5,679 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 2,421 shares of the company’s stock, valued at $87,252.84. The disclosure for this sale can be found here. Insiders sold a total of 340,358 shares of company stock worth $11,653,157 in the last ninety days. 16.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on APG shares. Robert W. Baird decreased their target price on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. decreased their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Barclays decreased 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 report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.86.

APi Group Price Performance

NYSE APG opened at $32.38 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00. The company has a fifty day simple moving average of $34.52 and a 200 day simple moving average of $36.56. The company has a market cap of $8.88 billion, a P/E ratio of -15.06 and a beta of 1.56. APi Group Co. has a 1 year low of $24.61 and a 1 year high of $39.98.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.79 billion. APi Group had a net margin of 2.81% and a return on equity of 36.53%. APi Group’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 EPS. On average, sell-side analysts predict that APi Group Co. will post 1.86 EPS for the current year.

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.