13,936 Shares of APi Group Corporation $APG Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC acquired a new stake in shares of APi Group Corporation (NYSE:APG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,936 shares of the company’s stock, valued at approximately $538,000.

A number of other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in APi Group in the second quarter worth approximately $93,030,000. Squarepoint Ops LLC raised its stake in shares of APi Group by 125.4% during the second quarter. Squarepoint Ops LLC now owns 967,869 shares of the company’s stock worth $40,989,000 after acquiring an additional 538,508 shares in the last quarter. Ancora Advisors LLC purchased a new position in shares of APi Group during the second quarter worth approximately $14,448,000. JNBA Financial Advisors raised its stake in shares of APi Group by 66.6% during the second quarter. JNBA Financial Advisors now owns 699,242 shares of the company’s stock worth $29,613,000 after acquiring an additional 279,448 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of APi Group by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 23,367,041 shares of the company’s stock worth $946,846,000 after acquiring an additional 250,873 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Price Performance

APG opened at $40.31 on Friday. The stock’s 50 day simple moving average is $39.88 and its 200 day simple moving average is $41.95. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.12. APi Group Corporation has a 1 year low of $35.16 and a 1 year high of $49.99. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of -63.99, a PEG ratio of 1.86 and a beta of 1.57.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. APi Group had a return on equity of 38.31% and a net margin of 4.12%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business’s revenue was up 22.5% on a year-over-year basis. As a group, analysts predict that APi Group Corporation will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their price objective on shares of APi Group from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $56.00 target price on shares of APi Group in a research report on Friday, October 30th. Robert W. Baird set a $47.00 target price on shares of APi Group in a research report on Friday, July 31st. Wall Street Zen downgraded shares of APi Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, UBS Group set a $52.00 price target on shares of APi Group in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $54.67.

APi Group Company Profile

APi Group Corporation (NYSE: APG) is a global provider of safety, specialty and industrial services. The company serves commercial, industrial and infrastructure customers through a network of operating businesses that provide services designed to protect people, property and critical assets.

APi Group’s offerings include fire protection and life-safety systems, security services, heating, ventilation and air-conditioning services, industrial maintenance, specialty contracting and infrastructure services.