Trexquant Investment LP Has $12.49 Million Stock Holdings in APi Group Co. (NYSE:APG)

Trexquant Investment LP boosted its position in shares of APi Group Co. (NYSE:APG) by 109.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 347,147 shares of the company’s stock after purchasing an additional 181,234 shares during the quarter. Trexquant Investment LP owned 0.13% of APi Group worth $12,487,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of APi Group by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 23,124,584 shares of the company’s stock worth $831,791,000 after purchasing an additional 127,038 shares during the period. Janus Henderson Group PLC increased its stake in APi Group by 19.2% during the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock worth $277,079,000 after purchasing an additional 1,351,013 shares in the last quarter. Cooke & Bieler LP raised its holdings in APi Group by 3.4% during the 4th quarter. Cooke & Bieler LP now owns 4,020,768 shares of the company’s stock worth $144,627,000 after buying an additional 132,713 shares during the period. Geode Capital Management LLC lifted its stake in APi Group by 2.9% in the third quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock valued at $123,217,000 after buying an additional 106,119 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of APi Group by 3.7% in the third quarter. State Street Corp now owns 3,723,241 shares of the company’s stock valued at $122,941,000 after buying an additional 132,971 shares during the period. Institutional investors own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on APG. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Tuesday, January 14th. Citigroup lowered their price objective on shares of APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. William Blair reaffirmed an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Barclays cut their price objective on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Finally, UBS Group reduced their target price on shares of APi Group from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and an average price target of $43.29.

APi Group Price Performance

Shares of NYSE:APG opened at $36.33 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $10.08 billion, a PE ratio of -18.44 and a beta of 1.54. The firm has a 50 day moving average of $37.68 and a 200-day moving average of $36.42. APi Group Co. has a 12 month low of $31.44 and a 12 month high of $41.31.

Insider Buying and Selling at APi Group

In other news, Director James E. Lillie sold 50,000 shares of APi Group stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $37.97, for a total value of $1,898,500.00. Following the transaction, the director now owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 18.20% of the company’s stock.

APi Group 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.