APi Group Co. (NYSE:APG) Shares Purchased by Atria Investments Inc

Atria Investments Inc increased its position in shares of APi Group Co. (NYSE:APG) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,672 shares of the company’s stock after acquiring an additional 849 shares during the quarter. Atria Investments Inc’s holdings in APi Group were worth $418,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. J.Safra Asset Management Corp boosted its holdings in shares of APi Group by 21.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after purchasing an additional 373 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in shares of APi Group in the 2nd quarter valued at $132,000. Strategic Financial Concepts LLC boosted its holdings 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. SG Americas Securities LLC acquired a new position in shares of APi Group in the 3rd quarter valued at $165,000. Finally, Ellenbecker Investment Group boosted its holdings in shares of APi Group by 8.3% in the 2nd quarter. Ellenbecker Investment Group now owns 5,625 shares of the company’s stock valued at $212,000 after purchasing an additional 433 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Stock Performance

APi Group stock opened at $36.00 on Thursday. APi Group Co. has a 12-month low of $29.38 and a 12-month high of $39.98. The company has a market capitalization of $9.89 billion, a price-to-earnings ratio of -18.27 and a beta of 1.54. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The firm’s fifty day moving average price is $34.27 and its 200 day moving average price is $35.54.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. On average, research analysts forecast that APi Group Co. will post 1.86 EPS for the current fiscal year.

Insider Transactions at APi Group

In other news, SVP Louis Lambert sold 5,679 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $36.04, for a total value of $204,671.16. Following the completion of the sale, the senior vice president now owns 2,421 shares of the company’s stock, valued at approximately $87,252.84. The trade was a 70.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ian G. H. Ashken sold 53,868 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the sale, the director now directly owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. The trade was a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,115 shares of company stock valued at $2,618,569. Insiders own 18.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Robert W. Baird reduced their target price 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. Barclays lifted their target price on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $45.00 target price on shares of APi Group in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.