Corient Private Wealth LLC Purchases 4,390 Shares of APi Group Co. (NYSE:APG)

Corient Private Wealth LLC increased its position in shares of APi Group Co. (NYSE:APGFree Report) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 191,504 shares of the company’s stock after buying an additional 4,390 shares during the period. Corient Private Wealth LLC owned 0.08% of APi Group worth $6,626,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Toronto Dominion Bank acquired a new position in APi Group during the 3rd quarter valued at $30,000. Signaturefd LLC raised its stake in APi Group by 40.2% during the 4th quarter. Signaturefd LLC now owns 3,617 shares of the company’s stock valued at $125,000 after purchasing an additional 1,038 shares during the last quarter. Hanseatic Management Services Inc. acquired a new position in APi Group during the 3rd quarter valued at $152,000. Forum Financial Management LP acquired a new position in APi Group during the 4th quarter valued at $201,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in APi Group during the 4th quarter valued at $204,000. 86.62% of the stock is owned by institutional investors.

APi Group Stock Up 1.4 %

Shares of NYSE:APG opened at $36.41 on Monday. The firm’s 50 day simple moving average is $37.95 and its 200 day simple moving average is $34.76. The company has a current ratio of 1.35, a quick ratio of 1.26 and a debt-to-equity ratio of 1.14. APi Group Co. has a fifty-two week low of $22.31 and a fifty-two week high of $39.98.

APi Group (NYSE:APGGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.60 billion. APi Group had a net margin of 2.49% and a return on equity of 37.83%. APi Group’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. On average, equities research analysts anticipate that APi Group Co. will post 1.83 earnings per share for the current fiscal year.

Insider Activity at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $37.21, for a total transaction of $5,581,500.00. Following the sale, the director now directly owns 5,828,779 shares in the company, valued at approximately $216,888,866.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $37.21, for a total transaction of $5,581,500.00. Following the sale, the director now directly owns 5,828,779 shares in the company, valued at approximately $216,888,866.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Lillie sold 125,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 5,455,411 shares in the company, valued at $209,378,674.18. The disclosure for this sale can be found here. Insiders have sold 280,585 shares of company stock worth $10,578,496 in the last ninety days. Company insiders own 16.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. TheStreet cut shares of APi Group from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. UBS Group increased their target price on shares of APi Group from $40.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Jefferies Financial Group assumed 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 for the company. 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 research report on Thursday, February 29th. Finally, Robert W. Baird increased their price objective on shares of APi Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $44.29.

Read Our Latest Stock Analysis on APG

About APi Group

(Free Report)

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.

See Also

Institutional Ownership by Quarter for APi Group (NYSE:APG)

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