Avior Wealth Management LLC Makes New $33,000 Investment in APi Group Co. (NYSE:APG)

Avior Wealth Management LLC bought a new stake in shares of APi Group Co. (NYSE:APG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $33,000.

Several other large investors also recently modified their holdings of APG. Quest Partners LLC acquired a new position in APi Group in the third quarter valued at about $216,000. Swiss National Bank increased its holdings in APi Group by 4.0% in the 3rd quarter. Swiss National Bank now owns 401,500 shares of the company’s stock valued at $13,258,000 after buying an additional 15,600 shares during the period. Natixis Advisors LLC raised its position in shares of APi Group by 16.2% in the 3rd quarter. Natixis Advisors LLC now owns 240,617 shares of the company’s stock valued at $7,945,000 after buying an additional 33,630 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of APi Group by 23.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,516 shares of the company’s stock worth $248,000 after acquiring an additional 1,421 shares during the period. Finally, ING Groep NV acquired a new stake in shares of APi Group during the 3rd quarter worth approximately $3,213,000. 86.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

APG has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Robert W. Baird dropped their price objective on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Barclays lifted their target price on APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.00.

APi Group Stock Performance

NYSE:APG opened at $38.25 on Tuesday. The stock’s 50-day moving average is $34.46 and its 200-day moving average is $35.52. The stock has a market cap of $10.51 billion, a P/E ratio of -19.42 and a beta of 1.54. APi Group Co. has a 1-year low of $29.75 and a 1-year high of $39.98. 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 (NYSE:APG) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. Equities research analysts anticipate that APi Group Co. will post 1.86 earnings per share for the current year.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the transaction, the director now owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the sale, the director now directly owns 1,134,635 shares in the company, valued at approximately $41,958,802.30. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is owned by corporate insiders.

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.