Quantinno Capital Management LP Purchases 30,967 Shares of APi Group Corporation $APG

Quantinno Capital Management LP lifted its position in APi Group Corporation (NYSE:APG) by 58.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,197 shares of the company’s stock after purchasing an additional 30,967 shares during the quarter. Quantinno Capital Management LP’s holdings in APi Group were worth $3,412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SummitTX Capital L.P. bought a new stake in shares of APi Group during the 1st quarter valued at about $2,092,000. Lombard Odier Asset Management Europe Ltd purchased a new stake in APi Group in the first quarter valued at approximately $2,851,000. Arrowstreet Capital Limited Partnership raised its stake in APi Group by 34.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 663,215 shares of the company’s stock valued at $26,873,000 after purchasing an additional 168,197 shares in the last quarter. Caxton Associates LLP lifted its position in APi Group by 51.4% during the first quarter. Caxton Associates LLP now owns 84,141 shares of the company’s stock valued at $3,409,000 after purchasing an additional 28,578 shares during the last quarter. Finally, Gibbs Wealth Management bought a new stake in APi Group during the first quarter valued at approximately $554,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Trading Up 1.2%

Shares of APG opened at $41.76 on Friday. The firm has a market cap of $18.04 billion, a price-to-earnings ratio of -62.32, a PEG ratio of 2.43 and a beta of 1.60. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.32 and a current ratio of 1.39. APi Group Corporation has a fifty-two week low of $33.40 and a fifty-two week high of $49.99. The firm has a 50 day moving average price of $41.28 and a 200-day moving average price of $42.66.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.20 billion. APi Group had a net margin of 3.99% and a return on equity of 37.59%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. As a group, equities research analysts forecast that APi Group Corporation will post 1.72 earnings per share for the current year.

Insider Buying and Selling at APi Group

In other news, Director Anthony E. Malkin sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $42.47, for a total transaction of $297,290.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James E. Lillie sold 285,000 shares of APi Group stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $39.84, for a total value of $11,354,400.00. Following the completion of the transaction, the director owned 8,952,350 shares in the company, valued at approximately $356,661,624. This represents a 3.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 2,667,000 shares of company stock valued at $110,810,972. Corporate insiders own 18.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on APG shares. Robert W. Baird set a $47.00 price objective on shares of APi Group in a research report on Friday, July 31st. UBS Group set a $52.00 target price on shares of APi Group in a research report on Monday, July 20th. Barclays reissued an “overweight” rating and issued a $54.00 target price (up from $52.00) on shares of APi Group in a research note on Thursday, May 7th. Citigroup reaffirmed a “buy” rating and set a $54.00 price target (up from $53.00) on shares of APi Group in a research note on Friday, July 31st. Finally, Wall Street Zen cut APi Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, APi Group has an average rating of “Moderate Buy” and an average price target of $52.57.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.