Cwm LLC Raises Stake in APi Group Co. (NYSE:APG)

Cwm LLC raised its position in shares of APi Group Co. (NYSE:APG) by 687.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,081 shares of the company’s stock after purchasing an additional 11,419 shares during the quarter. Cwm LLC’s holdings in APi Group were worth $453,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new position in APi Group during the third quarter valued at approximately $30,000. Signaturefd LLC lifted its holdings in APi Group by 40.2% during the fourth quarter. Signaturefd LLC now owns 3,617 shares of the company’s stock valued at $125,000 after purchasing an additional 1,038 shares in the last quarter. Hanseatic Management Services Inc. purchased a new position in APi Group during the third quarter valued at approximately $152,000. Leverty Financial Group LLC purchased a new position in APi Group during the fourth quarter valued at approximately $219,000. Finally, Jag Capital Management LLC purchased a new position in APi Group during the third quarter valued at approximately $239,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 125,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were 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 $209,378,674.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other APi Group news, CFO Kevin Krumm sold 5,585 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were 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 $1,220,909.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James E. Lillie sold 125,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were 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 disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

APi Group Trading Down 1.9 %

Shares of APG opened at $37.83 on Thursday. The company’s fifty day moving average is $38.11 and its 200 day moving average is $33.42. APi Group Co. has a fifty-two week low of $21.65 and a fifty-two week high of $39.98. The stock has a market capitalization of $9.90 billion, a PE ratio of -49.78, a P/E/G ratio of 1.14 and a beta of 1.64. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.35 and a current ratio of 1.43.

APi Group (NYSE:APG) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. APi Group had a net margin of 2.21% and a return on equity of 20.24%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the business posted $0.36 earnings per share. APi Group’s quarterly revenue was up 3.3% on a year-over-year basis. Sell-side analysts expect that APi Group Co. will post 1.87 earnings per share for the current fiscal 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.