APi Group Corporation $APG Shares Sold by ADW Capital Management LLC

ADW Capital Management LLC lowered its stake in APi Group Corporation (NYSE:APG) by 6.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,000,000 shares of the company’s stock after selling 66,922 shares during the quarter. APi Group makes up about 19.6% of ADW Capital Management LLC’s holdings, making the stock its 2nd biggest position. ADW Capital Management LLC owned about 0.24% of APi Group worth $34,370,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of APG. Parallel Advisors LLC boosted its stake in shares of APi Group by 55.3% during the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after purchasing an additional 297 shares during the last quarter. Whittier Trust Co. raised its position in shares of APi Group by 49.9% in the third quarter. Whittier Trust Co. now owns 1,117 shares of the company’s stock valued at $39,000 after buying an additional 372 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in APi Group by 50.0% during the third quarter. Nisa Investment Advisors LLC now owns 1,275 shares of the company’s stock worth $44,000 after acquiring an additional 425 shares during the last quarter. Clearstead Advisors LLC boosted its position in APi Group by 105.7% during the third quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after acquiring an additional 427 shares during the last quarter. Finally, MAI Capital Management grew its stake in APi Group by 78.6% in the 3rd quarter. MAI Capital Management now owns 1,166 shares of the company’s stock worth $40,000 after acquiring an additional 513 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insider Buying and Selling at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 72,546 shares of APi Group stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $42.94, for a total transaction of $3,115,125.24. Following the sale, the director directly owned 10,561,284 shares in the company, valued at $453,501,534.96. The trade was a 0.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Louis Lambert sold 22,000 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $44.71, for a total value of $983,620.00. Following the completion of the transaction, the senior vice president directly owned 16,148 shares in the company, valued at approximately $721,977.08. The trade was a 57.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 682,000 shares of company stock worth $29,693,385 in the last 90 days. 17.00% of the stock is owned by corporate insiders.

APi Group Stock Performance

Shares of APG stock opened at $39.89 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 1.43. The company’s fifty day moving average price is $42.86 and its two-hundred day moving average price is $38.74. The firm has a market capitalization of $17.21 billion, a P/E ratio of -52.72, a P/E/G ratio of 2.38 and a beta of 1.69. APi Group Corporation has a 12 month low of $20.50 and a 12 month high of $46.89.

APi Group (NYSE:APG) last announced its earnings results on Wednesday, February 25th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. APi Group had a return on equity of 37.92% and a net margin of 3.70%.The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the firm earned $0.51 earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. On average, research analysts anticipate that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on APG. Barclays increased their price target on APi Group from $44.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research report on Monday, December 22nd. CJS Securities raised APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. Royal Bank Of Canada lifted their price target on APi Group from $45.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Finally, UBS Group increased their price objective on shares of APi Group from $49.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, APi Group has a consensus rating of “Moderate Buy” and an average price target of $48.57.

About APi Group

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.