Sequoia Financial Advisors LLC Acquires New Stake in APi Group Co. (NYSE:APG)

Sequoia Financial Advisors LLC bought 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 firm bought 19,370 shares of the company’s stock, valued at approximately $670,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ensign Peak Advisors Inc grew its holdings in shares of APi Group by 1.1% in the first quarter. Ensign Peak Advisors Inc now owns 52,360 shares of the company’s stock worth $1,177,000 after purchasing an additional 550 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in APi Group by 9.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,161 shares of the company’s stock worth $195,000 after acquiring an additional 632 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of APi Group by 12.0% during the third quarter. Public Employees Retirement System of Ohio now owns 5,929 shares of the company’s stock worth $79,000 after acquiring an additional 637 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of APi Group by 1.2% during the third quarter. State Board of Administration of Florida Retirement System now owns 60,161 shares of the company’s stock valued at $1,560,000 after acquiring an additional 735 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of APi Group by 1.7% in the third quarter. Arizona State Retirement System now owns 46,880 shares of the company’s stock valued at $1,216,000 after purchasing an additional 766 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

APG has been the topic of several research reports. UBS Group raised their price objective on APi Group from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Royal Bank of Canada lifted 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 increased their target price on shares of APi Group from $37.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. Jefferies Financial Group began coverage on shares of APi Group in a research report on Friday, March 15th. They set a “buy” rating and a $48.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of APi Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, APi Group currently has an average rating of “Moderate Buy” and an average target price of $43.00.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 125,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $38.38, for a total value of $4,797,500.00. Following the sale, the director now directly owns 5,455,411 shares of the company’s stock, valued at approximately $209,378,674.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other APi Group news, Director James E. Lillie sold 125,000 shares of APi Group stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the completion of the transaction, the director now owns 5,455,411 shares in the company, valued at approximately $209,378,674.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevin Krumm sold 5,585 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following the completion of the transaction, the chief financial officer now directly owns 34,180 shares of the company’s stock, valued at approximately $1,220,909.60. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

APi Group Trading Up 1.9 %

NYSE APG opened at $39.28 on Tuesday. The stock has a market cap of $10.27 billion, a P/E ratio of -51.68, a P/E/G ratio of 1.16 and a beta of 1.64. The company has a current ratio of 1.43, a quick ratio of 1.35 and a debt-to-equity ratio of 1.12. APi Group Co. has a 12-month low of $21.15 and a 12-month high of $39.98. The company has a fifty day simple moving average of $37.36 and a two-hundred day simple moving average of $32.47.

APi Group (NYSE:APG) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. APi Group had a return on equity of 20.24% and a net margin of 2.21%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the business earned $0.36 EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts forecast that APi Group Co. will post 1.86 earnings per share for the current year.

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.