Xponance Inc. Acquires 365 Shares of APi Group Co. (NYSE:APG)

Xponance Inc. boosted its holdings in shares of APi Group Co. (NYSE:APG) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,738 shares of the company’s stock after buying an additional 365 shares during the period. Xponance Inc.’s holdings in APi Group were worth $441,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Sfmg LLC bought a new stake in APi Group during the fourth quarter valued at $244,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in APi Group by 9.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,638 shares of the company’s stock worth $1,025,000 after purchasing an additional 2,538 shares during the last quarter. WCM Investment Management LLC lifted its stake in APi Group by 1.9% during the fourth quarter. WCM Investment Management LLC now owns 1,252,056 shares of the company’s stock worth $43,547,000 after purchasing an additional 22,933 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in APi Group during the fourth quarter worth about $670,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in APi Group by 0.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 99,432 shares of the company’s stock worth $3,440,000 after purchasing an additional 806 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

Insider Activity at APi Group

In related news, CFO Kevin Krumm sold 5,585 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total transaction of $199,496.20. Following the transaction, the chief financial officer now owns 34,180 shares in the company, valued at approximately $1,220,909.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director James E. Lillie sold 125,000 shares of the business’s 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 transaction, the director now owns 5,455,411 shares in the company, valued at approximately $209,378,674.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction, the chief financial officer now owns 34,180 shares in the company, valued at approximately $1,220,909.60. The disclosure for this sale can be found here. 16.40% of the stock is owned by company insiders.

APi Group Trading Up 1.1 %

NYSE APG opened at $38.09 on Friday. APi Group Co. has a 1-year low of $21.65 and a 1-year high of $39.98. The company has a current ratio of 1.43, a quick ratio of 1.35 and a debt-to-equity ratio of 1.12. The stock has a 50-day moving average of $37.90 and a 200-day moving average of $33.17. The firm has a market cap of $9.97 billion, a PE ratio of -50.12, a price-to-earnings-growth ratio of 1.12 and a beta of 1.64.

APi Group (NYSE:APG) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. APi Group had a return on equity of 20.24% and a net margin of 2.21%. The company 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. APi Group’s revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that APi Group Co. will post 1.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on APG shares. Jefferies Financial Group started coverage on APi Group in a research note on Friday, March 15th. They set a “buy” rating and a $48.00 price target for the company. Robert W. Baird lifted their price target on APi Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. TheStreet lowered APi Group from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. Barclays lifted their price target 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. boosted their target price 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.29.

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.