ADW Capital Management LLC Has $38.38 Million Stock Holdings in APi Group Co. (NYSE:APG)

ADW Capital Management LLC reduced its stake in shares of APi Group Co. (NYSE:APG) by 48.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,066,922 shares of the company’s stock after selling 995,983 shares during the period. APi Group makes up 11.8% of ADW Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. ADW Capital Management LLC owned about 0.39% of APi Group worth $38,377,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after acquiring an additional 386 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in APi Group in the 4th quarter worth $34,000. First Horizon Advisors Inc. raised its position in APi Group by 53.4% in the 4th 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 period. Strategic Financial Concepts LLC raised its position in APi Group by 2,058.1% in the 4th 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 period. Finally, R Squared Ltd purchased a new position in APi Group in the 4th quarter worth $85,000. 86.62% of the stock is owned by institutional investors.

Insider Activity

In related news, Director James E. Lillie sold 50,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $39,724,327.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 17.00% of the company’s stock.

APi Group Trading Up 6.6 %

Shares of APG opened at $40.32 on Friday. The firm’s 50-day moving average price is $36.30 and its 200-day moving average price is $36.67. The firm has a market capitalization of $11.14 billion, a price-to-earnings ratio of -20.47 and a beta of 1.55. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. APi Group Co. has a 1-year low of $30.76 and a 1-year high of $41.31.

APi Group (NYSE:APG) last announced its earnings results on Thursday, May 1st. The company reported $0.37 earnings per share 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%. APi Group’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. Sell-side analysts anticipate that APi Group Co. will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of APi Group from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Citigroup decreased their target price on shares of APi Group from $46.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Barclays decreased their target price on shares of APi Group from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Truist Financial restated a “buy” rating and issued a $48.00 price objective (up previously from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Finally, UBS Group decreased their price objective on shares of APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, APi Group has an average rating of “Moderate Buy” and an average target price of $43.14.

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.