Mercer Global Advisors Inc. ADV Invests $307,000 in APi Group Co. (NYSE:APG)

Mercer Global Advisors Inc. ADV bought a new position in APi Group Co. (NYSE:APG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,547 shares of the company’s stock, valued at approximately $307,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in APG. Blue Trust Inc. grew its holdings in shares of APi Group by 92.3% in the fourth quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after purchasing an additional 386 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of APi Group by 53.4% in the fourth quarter. First Horizon Advisors Inc. now owns 1,190 shares of the company’s stock worth $43,000 after purchasing an additional 414 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of APi Group by 2,058.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after purchasing an additional 217,071 shares during the last quarter. R Squared Ltd bought a new position in shares of APi Group in the fourth quarter worth approximately $85,000. Finally, Principal Securities Inc. grew its holdings in shares of APi Group by 28.1% in the fourth quarter. Principal Securities Inc. now owns 2,611 shares of the company’s stock worth $94,000 after purchasing an additional 573 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Performance

Shares of APG stock opened at $45.69 on Friday. APi Group Co. has a 12 month low of $30.76 and a 12 month high of $46.18. The stock has a market cap of $12.65 billion, a PE ratio of -23.19 and a beta of 1.54. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The company’s fifty day moving average price is $37.57 and its 200-day moving average price is $37.39.

APi Group (NYSE:APG) last announced its earnings results on Thursday, May 1st. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the business posted $0.34 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities analysts expect that APi Group Co. will post 1.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on APG. Barclays raised their target price on shares of APi Group from $43.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Robert W. Baird lifted their price target on shares of APi Group from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Truist Financial reiterated a “buy” rating and issued a $48.00 price target (up previously from $45.00) on shares of APi Group in a report on Thursday, February 27th. Citigroup cut their price target on shares of APi Group from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, UBS Group cut their price target on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, APi Group has a consensus rating of “Moderate Buy” and an average price target of $43.86.

Insider Activity

In other news, Director James E. Lillie sold 50,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the sale, the director now owns 1,046,203 shares in the company, valued at approximately $39,724,327.91. The trade was a 4.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ian G. H. Ashken sold 150,000 shares of APi Group stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $42.72, for a total value of $6,408,000.00. Following the completion of the transaction, the director now directly owns 5,612,102 shares of the company’s stock, valued at approximately $239,748,997.44. This represents a 2.60% decrease in their position. The disclosure for this sale can be found here. Company insiders own 17.00% of the company’s stock.

About APi Group

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.