APi Group Corporation $APG Shares Sold by Sycale Advisors NY LLC

Sycale Advisors NY LLC cut its stake in shares of APi Group Corporation (NYSE:APG) by 10.1% in the first quarter, Holdings Channel reports. The fund owned 368,139 shares of the company’s stock after selling 41,412 shares during the period. APi Group comprises approximately 7.4% of Sycale Advisors NY LLC’s holdings, making the stock its 6th biggest position. Sycale Advisors NY LLC’s holdings in APi Group were worth $14,917,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in APG. Cetera Investment Advisers increased its position in shares of APi Group by 17.4% during the 1st quarter. Cetera Investment Advisers now owns 185,808 shares of the company’s stock worth $7,529,000 after purchasing an additional 27,559 shares in the last quarter. Southernsun Asset Management LLC boosted its position in APi Group by 1.0% in the first quarter. Southernsun Asset Management LLC now owns 255,298 shares of the company’s stock valued at $10,345,000 after buying an additional 2,527 shares in the last quarter. First Trust Advisors LP grew its stake in APi Group by 14.6% during the first quarter. First Trust Advisors LP now owns 775,254 shares of the company’s stock worth $31,413,000 after buying an additional 98,769 shares during the last quarter. Chase Investment Counsel Corp grew its stake in APi Group by 6.2% during the first quarter. Chase Investment Counsel Corp now owns 123,831 shares of the company’s stock worth $5,017,000 after buying an additional 7,195 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of APi Group by 7.3% during the first quarter. PNC Financial Services Group Inc. now owns 25,387 shares of the company’s stock worth $1,029,000 after buying an additional 1,735 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insider Transactions at APi Group

In related news, Director Martin E. Franklin sold 2,000,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $42.08, for a total transaction of $84,160,000.00. Following the completion of the sale, the director directly owned 19,240,426 shares of the company’s stock, valued at $809,637,126.08. The trade was a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Anthony E. Malkin sold 7,000 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $42.47, for a total transaction of $297,290.00. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 3,451,000 shares of company stock worth $149,194,935. Insiders own 18.70% of the company’s stock.

APi Group Price Performance

APG opened at $38.97 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.44 and a quick ratio of 1.36. The stock has a market capitalization of $16.88 billion, a P/E ratio of -54.89, a price-to-earnings-growth ratio of 2.28 and a beta of 1.60. The company’s 50 day simple moving average is $41.72 and its 200-day simple moving average is $42.78. APi Group Corporation has a one year low of $33.40 and a one year high of $49.99.

APi Group (NYSE:APG) last posted 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. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the company posted $0.37 EPS. APi Group’s revenue was up 15.3% on a year-over-year basis. Sell-side analysts anticipate that APi Group Corporation will post 1.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays reiterated an “overweight” rating and issued a $54.00 target price (up from $52.00) on shares of APi Group in a research note on Thursday, May 7th. Weiss Ratings lowered APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. UBS Group set a $52.00 price target on APi Group in a report on Monday. Truist Financial set a $55.00 price objective on APi Group and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Robert W. Baird set a $52.00 target price on APi Group in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, APi Group has an average rating of “Moderate Buy” and a consensus target price of $53.17.

APi Group 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.