Captrust Financial Advisors Sells 11,986 Shares of APi Group Co. (NYSE:APG)

Captrust Financial Advisors lessened its stake in shares of APi Group Co. (NYSE:APG) by 55.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,669 shares of the company’s stock after selling 11,986 shares during the period. Captrust Financial Advisors’ holdings in APi Group were worth $319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. purchased a new stake in APi Group in the 3rd quarter worth about $26,000. Avior Wealth Management LLC bought a new stake in shares of APi Group during the third quarter valued at approximately $33,000. SG Americas Securities LLC bought a new position in APi Group in the third quarter worth approximately $165,000. KBC Group NV raised its position in APi Group by 14.8% during the 3rd quarter. KBC Group NV now owns 5,601 shares of the company’s stock valued at $185,000 after purchasing an additional 721 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of APi Group by 109.8% in the 1st quarter. Comerica Bank now owns 5,641 shares of the company’s stock worth $222,000 after buying an additional 2,952 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citigroup upped their target price on APi Group from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Barclays upped 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. William Blair reiterated an “outperform” rating on shares of APi Group in a research report on Thursday, December 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a research note on Friday, November 1st. Finally, Robert W. Baird boosted their price target on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.43.

Insider Buying and Selling at APi Group

In other news, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction 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 sale, the director now owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the transaction, the director now owns 1,134,635 shares in the company, valued at $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 18.20% of the company’s stock.

APi Group Stock Down 1.5 %

APi Group stock opened at $37.63 on Friday. APi Group Co. has a 12 month low of $30.26 and a 12 month high of $40.89. The stock has a market capitalization of $10.34 billion, a PE ratio of -19.10 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The business has a 50 day simple moving average of $35.74 and a 200-day simple moving average of $35.71.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts anticipate that APi Group Co. will post 1.83 EPS for the current fiscal year.

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.