APi Group Co. (NYSE:APG) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its stake in APi Group Co. (NYSE:APG – Get Rating) by 26.2% in the third quarter, Holdings Channel reports. The firm owned 20,406 shares of the company’s stock after purchasing an additional 4,235 shares during the period. Tower Research Capital LLC TRC’s holdings in APi Group were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Nisa Investment Advisors LLC raised its position in APi Group by 13.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,760 shares of the company’s stock worth $101,000 after buying an additional 800 shares during the last quarter. US Bancorp DE increased its holdings in shares of APi Group by 8.0% during the 1st quarter. US Bancorp DE now owns 12,978 shares of the company’s stock valued at $273,000 after purchasing an additional 965 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of APi Group by 278.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 2,043 shares of the company’s stock valued at $27,000 after purchasing an additional 1,503 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of APi Group by 11.9% during the 1st quarter. Hsbc Holdings PLC now owns 14,264 shares of the company’s stock valued at $303,000 after purchasing an additional 1,522 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in shares of APi Group by 386.6% during the 2nd quarter. Quantbot Technologies LP now owns 2,360 shares of the company’s stock valued at $35,000 after purchasing an additional 1,875 shares in the last quarter. 72.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on APG shares. Royal Bank of Canada boosted their price target on shares of APi Group from $22.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday. Barclays boosted their price target on shares of APi Group from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup lifted their target price on shares of APi Group from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group lifted their target price on shares of APi Group to $24.00 in a research note on Monday, November 21st. Finally, TheStreet raised shares of APi Group from a “c+” rating to a “b” rating in a research note on Friday, November 25th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.67.

APi Group Stock Performance

Shares of APG opened at $23.46 on Friday. The stock has a 50 day moving average price of $20.96 and a 200 day moving average price of $18.13. The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 293.29, a price-to-earnings-growth ratio of 0.85 and a beta of 1.57. APi Group Co. has a 52-week low of $13.09 and a 52-week high of $24.17.

APi Group (NYSE:APG – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.63 billion. APi Group had a return on equity of 16.81% and a net margin of 0.95%. The company’s revenue was up 54.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 earnings per share. Research analysts predict that APi Group Co. will post 1.38 EPS for the current fiscal year.

About APi Group

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APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems.