APi Group Co. (NYSE:APG) Shares Purchased by MJP Associates Inc. ADV

MJP Associates Inc. ADV increased its position in shares of APi Group Co. (NYSE:APG) by 10.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,034 shares of the company’s stock after purchasing an additional 2,425 shares during the quarter. MJP Associates Inc. ADV’s holdings in APi Group were worth $1,022,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS Group AG lifted its stake in APi Group by 201.4% in the 3rd quarter. UBS Group AG now owns 229,231 shares of the company’s stock worth $5,944,000 after purchasing an additional 153,167 shares in the last quarter. Rhumbline Advisers lifted its position in APi Group by 5.0% during the third quarter. Rhumbline Advisers now owns 310,668 shares of the company’s stock worth $8,056,000 after buying an additional 14,917 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in APi Group by 222.2% during the third quarter. PNC Financial Services Group Inc. now owns 23,075 shares of the company’s stock worth $598,000 after buying an additional 15,914 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in APi Group in the 3rd quarter valued at $797,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of APi Group by 13.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 122,131 shares of the company’s stock worth $3,167,000 after acquiring an additional 14,133 shares during the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on APG. UBS Group boosted their price target on shares of APi Group from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Robert W. Baird lifted their price target on shares of APi Group from $39.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Royal Bank of Canada upped their price objective on APi Group from $36.00 to $45.00 and gave the company a “sector perform” rating in a report on Monday, April 8th. Barclays raised their target price on APi Group from $37.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. upped their price target on APi Group from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.29.

Insider Activity at APi Group

In other news, Director Ian G. H. Ashken sold 150,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $37.21, for a total transaction of $5,581,500.00. Following the sale, the director now owns 5,828,779 shares of the company’s stock, valued at $216,888,866.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $37.21, for a total value of $5,581,500.00. Following the completion of the transaction, the director now owns 5,828,779 shares in the company, valued at approximately $216,888,866.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Global Investors Lp Viking sold 1,951,782 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $38.15, for a total transaction of $74,460,483.30. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

APi Group Trading Down 0.2 %

NYSE:APG traded down $0.07 during trading hours on Friday, reaching $38.25. 4,549,149 shares of the stock were exchanged, compared to its average volume of 1,534,974. APi Group Co. has a twelve month low of $24.61 and a twelve month high of $39.98. The company has a quick ratio of 1.26, a current ratio of 1.35 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average of $37.32 and a two-hundred day moving average of $35.81. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of -17.79, a PEG ratio of 1.14 and a beta of 1.57.

APi Group (NYSE:APG) last announced its earnings results on Thursday, May 2nd. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.60 billion. APi Group had a return on equity of 37.83% and a net margin of 2.49%. APi Group’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. On average, equities analysts predict that APi Group Co. will post 1.85 EPS for the current year.

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.