27,400 Shares in APi Group Corporation $APG Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new stake in APi Group Corporation (NYSE:APG) during the second quarter, HoldingsChannel reports. The fund bought 27,400 shares of the company’s stock, valued at approximately $1,160,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. California State Teachers Retirement System boosted its holdings in APi Group by 4,029.8% in the second quarter. California State Teachers Retirement System now owns 16,992,048 shares of the company’s stock valued at $719,613,000 after purchasing an additional 16,580,597 shares during the last quarter. Norges Bank acquired a new position in shares of APi Group in the 4th quarter valued at about $181,066,000. Durable Capital Partners LP lifted its holdings in shares of APi Group by 40.2% in the 3rd quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock valued at $512,050,000 after buying an additional 4,274,610 shares during the period. State Street Corp boosted its stake in shares of APi Group by 50.6% in the third quarter. State Street Corp now owns 10,771,776 shares of the company’s stock worth $370,226,000 after buying an additional 3,620,931 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in APi Group by 224.6% during the third quarter. Invesco Ltd. now owns 5,109,902 shares of the company’s stock worth $175,627,000 after acquiring an additional 3,535,682 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insider Buying and Selling

In related news, Director James Lillie sold 285,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $39.84, for a total value of $11,354,400.00. Following the transaction, the director directly owned 8,952,350 shares of the company’s stock, valued at approximately $356,661,624. This trade represents a 3.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian Ashken sold 214,928 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $39.91, for a total value of $8,577,776.48. Following the transaction, the director directly owned 9,262,356 shares of the company’s stock, valued at $369,660,627.96. The trade was a 2.27% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 667,000 shares of company stock worth $26,650,972 in the last 90 days. Insiders own 18.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wells Fargo & Company initiated coverage on APi Group in a report on Tuesday, August 4th. They issued an “overweight” rating and a $53.00 price target for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of APi Group in a report on Tuesday, September 8th. Citigroup reiterated a “buy” rating and issued a $54.00 target price (up from $53.00) on shares of APi Group in a research note on Friday, July 31st. Robert W. Baird set a $47.00 price target on shares of APi Group in a research report on Friday, July 31st. Finally, UBS Group set a $52.00 price objective on shares of APi Group in a report on Monday, July 20th. One 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.57.

APi Group Price Performance

APi Group stock opened at $37.99 on Monday. The company’s fifty day moving average price is $40.75 and its 200 day moving average price is $42.25. APi Group Corporation has a 1 year low of $33.40 and a 1 year high of $49.99. The stock has a market capitalization of $16.42 billion, a P/E ratio of -56.71, a P/E/G ratio of 2.21 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 (NYSE:APG) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. As a group, equities research analysts anticipate that APi Group Corporation will post 1.72 earnings per share for the current fiscal year.

APi Group Profile

APi Group Corporation (NYSE: APG) is a global provider of safety and specialty services for commercial, industrial, infrastructure and residential customers. Through a network of operating companies, it helps customers design, install, inspect, maintain and repair critical building and infrastructure systems.

The company’s services include fire protection and life-safety systems, heating, ventilation and air conditioning, plumbing, electrical work, specialty contracting, industrial maintenance, infrastructure services, security systems, environmental services and emergency response.