APi Group Co. (NYSE:APG) Short Interest Update

APi Group Co. (NYSE:APG) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 5,120,000 shares, a growth of 48.0% from the October 15th total of 3,460,000 shares. Based on an average daily volume of 1,510,000 shares, the short-interest ratio is currently 3.4 days. Currently, 3.4% of the company’s shares are sold short.

APi Group Stock Performance

Shares of APG traded down $0.84 during midday trading on Friday, reaching $35.37. The stock had a trading volume of 1,460,103 shares, compared to its average volume of 1,724,933. The firm has a market cap of $9.72 billion, a PE ratio of -17.95 and a beta of 1.54. The firm has a 50 day simple moving average of $34.11 and a 200-day simple moving average of $35.59. APi Group has a one year low of $28.97 and a one year high of $39.98. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the company posted $0.48 earnings per share. APi Group’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts anticipate that APi Group will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

APG has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird cut their price objective on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. Barclays lifted their price target on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 price objective on shares of APi Group in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the transaction, the director now owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. The trade was a 1.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the sale, the director now owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 249,461 shares of company stock worth $8,907,049 in the last three months. Insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On APi Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APG. First Horizon Advisors Inc. acquired a new position in shares of APi Group in the third quarter valued at approximately $26,000. Avior Wealth Management LLC bought a new position in APi Group during the 3rd quarter worth $33,000. J.Safra Asset Management Corp lifted its holdings in shares of APi Group by 81.3% during the first quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock worth $68,000 after buying an additional 776 shares in the last quarter. Motco bought a new stake in shares of APi Group in the first quarter valued at about $83,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of APi Group in the second quarter valued at about $132,000. 86.62% of the stock is owned by institutional investors.

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.