APi Group Co. (NYSE:APG) Shares Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC grew its holdings in shares of APi Group Co. (NYSE:APG) by 23.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,516 shares of the company’s stock after buying an additional 1,421 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in APi Group were worth $248,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. J.Safra Asset Management Corp lifted its holdings in shares of APi Group by 21.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after acquiring an additional 373 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in shares of APi Group during the second quarter worth about $132,000. SG Americas Securities LLC acquired a new stake in shares of APi Group in the third quarter valued at about $165,000. KBC Group NV raised its holdings in shares of 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 buying an additional 721 shares during the period. Finally, Ellenbecker Investment Group lifted its position in APi Group by 8.3% during the 2nd quarter. Ellenbecker Investment Group now owns 5,625 shares of the company’s stock worth $212,000 after acquiring an additional 433 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insider Activity at APi Group

In other news, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction dated 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 represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Louis Lambert sold 5,679 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction of $204,671.16. Following the completion of the sale, the senior vice president now directly owns 2,421 shares in the company, valued at approximately $87,252.84. This trade represents a 70.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,115 shares of company stock valued at $2,618,569 in the last quarter. Insiders own 18.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on APG. Robert W. Baird dropped their price objective on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. lowered their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Barclays boosted their price objective on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $45.00 target price on shares of APi Group in a research note 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

APi Group Price Performance

Shares of APG stock opened at $37.01 on Friday. The firm has a fifty day moving average of $34.38 and a two-hundred day moving average of $35.55. The firm has a market cap of $10.17 billion, a P/E ratio of -18.79 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 debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42.

APi Group (NYSE:APG) last issued its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. As a group, research analysts anticipate that APi Group Co. will post 1.86 earnings per share 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.