Equitable Trust Co. Boosts Stock Position in APi Group Co. (NYSE:APG)

Equitable Trust Co. increased its holdings in APi Group Co. (NYSE:APG) by 2.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,325 shares of the company’s stock after buying an additional 446 shares during the period. Equitable Trust Co.’s holdings in APi Group were worth $671,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. J.Safra Asset Management Corp increased its holdings in shares of APi Group by 81.3% in the 1st 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 during the last quarter. Motco bought a new stake in APi Group during the first quarter worth approximately $83,000. Triad Wealth Partners LLC purchased a new stake in APi Group during the second quarter valued at approximately $132,000. Strategic Financial Concepts LLC lifted its stake in shares of APi Group by 3,622.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock valued at $148,000 after purchasing an additional 382,012 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of APi Group in the 3rd quarter worth approximately $165,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Activity at APi Group

In other news, SVP Louis Lambert sold 5,679 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $36.04, for a total transaction of $204,671.16. Following the sale, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at $87,252.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the transaction, the director now directly owns 14,267,479 shares of the company’s stock, valued at $503,071,309.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Louis Lambert sold 5,679 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction of $204,671.16. Following the sale, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at $87,252.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by insiders.

APi Group Stock Performance

Shares of NYSE:APG opened at $37.10 on Friday. APi Group Co. has a one year low of $27.06 and a one year high of $39.98. 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’s 50 day simple moving average is $33.85 and its 200-day simple moving average is $35.65. The firm has a market cap of $10.19 billion, a PE ratio of -18.83 and a beta of 1.54.

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

Wall Street Analysts Forecast Growth

APG has been the topic of several recent research reports. Royal Bank of Canada restated a “sector perform” rating and set a $45.00 price target on shares of APi Group in a report on Friday, November 1st. JPMorgan Chase & Co. lowered their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Robert W. Baird cut their price target on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, Barclays raised their price objective 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, APi Group currently has an average rating of “Moderate Buy” and an average price target of $44.00.

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.