Mount Yale Investment Advisors LLC Acquires Shares of 6,910 APi Group Co. (NYSE:APG)

Mount Yale Investment Advisors LLC acquired a new position in APi Group Co. (NYSE:APG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,910 shares of the company’s stock, valued at approximately $249,000.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in APi Group by 15.9% in the second quarter. American Century Companies Inc. now owns 21,686 shares of the company’s stock valued at $816,000 after buying an additional 2,968 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of APi Group in the 2nd quarter valued at about $1,079,000. AQR Capital Management LLC raised its holdings in APi Group by 2.1% in the 2nd quarter. AQR Capital Management LLC now owns 20,059 shares of the company’s stock worth $755,000 after purchasing an additional 406 shares during the period. The Manufacturers Life Insurance Company purchased a new position in APi Group during the second quarter worth approximately $2,155,000. Finally, Mackenzie Financial Corp grew its holdings in APi Group by 40.2% in the second quarter. Mackenzie Financial Corp now owns 29,895 shares of the company’s stock valued at $1,125,000 after purchasing an additional 8,578 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Trading Up 1.0 %

NYSE APG opened at $37.46 on Thursday. The firm’s fifty day moving average is $37.29 and its two-hundred day moving average is $35.59. APi Group Co. has a one year low of $31.44 and a one year high of $40.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The firm has a market cap of $10.29 billion, a PE ratio of -19.01 and a beta of 1.55.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. APi Group’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts expect that APi Group Co. will post 1.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on APG shares. Citigroup cut their target price on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Robert W. Baird increased their target price on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. Truist Financial assumed coverage on APi Group in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $45.00 price target on the stock. William Blair reissued an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Finally, Barclays lifted their target price on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.38.

Insider Buying and Selling

In related news, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the transaction, the director now directly owns 1,134,635 shares in the company, valued at $41,958,802.30. The trade was a 1.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ian G. H. Ashken sold 53,868 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the sale, the director now directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by corporate insiders.

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.