Short Interest in APi Group Co. (NYSE:APG) Expands By 31.0%

APi Group Co. (NYSE:APG) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 7,350,000 shares, an increase of 31.0% from the March 15th total of 5,610,000 shares. Approximately 5.2% of the company’s shares are short sold. Based on an average trading volume of 1,370,000 shares, the short-interest ratio is presently 5.4 days.

Insider Transactions at APi Group

In related news, Director James E. Lillie sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the transaction, the director now directly owns 5,455,411 shares of the company’s stock, valued at $209,378,674.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director James E. Lillie sold 125,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the transaction, the director now directly owns 5,455,411 shares of the company’s stock, valued at $209,378,674.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin Krumm sold 5,585 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total transaction of $199,496.20. Following the transaction, the chief financial officer now directly owns 34,180 shares in the company, valued at $1,220,909.60. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On APi Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. UniSuper Management Pty Ltd bought a new stake in APi Group in the 2nd quarter valued at $26,000. Toronto Dominion Bank bought a new stake in APi Group in the 3rd quarter valued at $30,000. Quantbot Technologies LP increased its holdings in APi Group by 386.6% in the 2nd quarter. Quantbot Technologies LP now owns 2,360 shares of the company’s stock valued at $35,000 after buying an additional 1,875 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in APi Group by 43.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock valued at $44,000 after buying an additional 390 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in APi Group by 52.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,969 shares of the company’s stock valued at $56,000 after buying an additional 1,019 shares during the period. Institutional investors own 86.62% of the company’s stock.

APi Group Trading Down 2.1 %

Shares of APG stock opened at $38.56 on Monday. APi Group has a 1 year low of $21.05 and a 1 year high of $39.98. The firm’s fifty day simple moving average is $37.24 and its 200 day simple moving average is $32.38. The firm has a market capitalization of $10.08 billion, a P/E ratio of -50.74, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64. The company has a current ratio of 1.43, a quick ratio of 1.35 and a debt-to-equity ratio of 1.12.

APi Group (NYSE:APG) last announced its earnings results on Wednesday, February 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. APi Group had a net margin of 2.21% and a return on equity of 20.24%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the firm posted $0.36 earnings per share. APi Group’s revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts predict that APi Group will post 1.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on APG shares. Citigroup lifted their target price on shares of APi Group from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Monday, April 8th. UBS Group lifted their target price on shares of APi Group from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Barclays boosted their price objective on shares of APi Group from $37.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. TheStreet cut shares of APi Group from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada boosted their price objective on shares of APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Monday, April 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.00.

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.