21,231 Shares in APi Group Corporation $APG Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. purchased a new position in APi Group Corporation (NYSE:APG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 21,231 shares of the company’s stock, valued at approximately $812,000.

Other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in APi Group in the fourth quarter worth approximately $27,000. Cornerstone Planning Group LLC lifted its stake in APi Group by 14,720.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock worth $31,000 after acquiring an additional 736 shares during the last quarter. IFP Advisors Inc lifted its stake in APi Group by 146.7% in the fourth quarter. IFP Advisors Inc now owns 824 shares of the company’s stock worth $32,000 after acquiring an additional 490 shares during the last quarter. Clearstead Advisors LLC lifted its stake in APi Group by 105.7% in 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, Parallel Advisors LLC lifted its stake in APi Group by 55.3% in the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after acquiring an additional 297 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Transactions at APi Group

In related news, Director Ian G. H. Ashken sold 65,534 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $45.49, for a total value of $2,981,141.66. Following the completion of the sale, the director owned 9,477,284 shares in the company, valued at $431,121,649.16. This represents a 0.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James E. Lillie sold 59,461 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $45.50, for a total transaction of $2,705,475.50. Following the completion of the sale, the director owned 9,237,350 shares of the company’s stock, valued at approximately $420,299,425. This trade represents a 0.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 4,444,000 shares of company stock worth $187,377,645. 18.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on APG shares. UBS Group lifted their price target on shares of APi Group from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Royal Bank Of Canada lifted their price target on shares of APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Truist Financial set a $55.00 price target on shares of APi Group and gave the stock a “buy” rating in a research note on Friday, May 1st. Barclays reiterated an “overweight” rating and issued a $54.00 price target (up from $52.00) on shares of APi Group in a research note on Thursday, May 7th. Finally, Citigroup restated a “buy” rating and set a $53.00 price objective (up from $52.00) on shares of APi Group in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, APi Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.14.

APi Group Stock Down 5.0%

Shares of NYSE:APG opened at $41.50 on Thursday. The company has a market capitalization of $17.98 billion, a PE ratio of -58.44, a P/E/G ratio of 2.57 and a beta of 1.60. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79. APi Group Corporation has a twelve month low of $31.72 and a twelve month high of $49.99. The firm has a 50 day simple moving average of $43.93 and a 200-day simple moving average of $42.23.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.92 billion. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The company’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. On average, equities analysts predict that APi Group Corporation will post 1.7 EPS for the current fiscal year.

APi Group Company Profile

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.