AdvisorNet Financial Inc cut its holdings in APi Group Co. (NYSE:APG – Get Rating) by 74.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,456 shares of the company's stock after selling 19,200 shares during the quarter. AdvisorNet Financial Inc's holdings in APi Group were worth $97,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Advisor Group Holdings Inc. grew its stake in shares of APi Group by 229.9% in the first quarter. Advisor Group Holdings Inc. now owns 50,598 shares of the company's stock worth $1,064,000 after purchasing an additional 35,260 shares during the last quarter. Pictet Asset Management SA bought a new stake in shares of APi Group in the fourth quarter worth about $220,000. Teacher Retirement System of Texas grew its stake in shares of APi Group by 22.3% in the fourth quarter. Teacher Retirement System of Texas now owns 27,591 shares of the company's stock worth $711,000 after purchasing an additional 5,033 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in APi Group during the 1st quarter valued at approximately $7,232,000. Finally, Forager Funds Management Pty Ltd bought a new stake in APi Group during the 4th quarter valued at approximately $4,940,000. 73.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

APG has been the topic of several research reports. Royal Bank of Canada cut their price objective on APi Group from $24.00 to $18.00 in a research report on Monday, July 11th. JPMorgan Chase & Co. began coverage on shares of APi Group in a report on Friday, June 17th. They set a "neutral" rating and a $17.00 target price for the company. Bank of America upgraded shares of APi Group from a "neutral" rating to a "buy" rating and set a $23.00 target price for the company in a report on Monday, July 11th. Finally, Barclays lowered their target price on shares of APi Group from $24.00 to $21.00 and set an "overweight" rating for the company in a report on Friday, July 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $22.17.

APi Group Price Performance

APi Group (NYSE:APG – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. APi Group had a net margin of 1.08% and a return on equity of 13.70%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the business earned $0.31 EPS. The firm's revenue for the quarter was up 68.6% on a year-over-year basis. As a group, research analysts expect that APi Group Co. will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling at APi Group

In related news, Director Anthony E. Malkin bought 8,554 shares of the firm's stock in a transaction on Thursday, September 15th. The stock was acquired at an average cost of $15.35 per share, for a total transaction of $131,303.90. Following the purchase, the director now owns 53,757 shares in the company, valued at $825,169.95. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other APi Group news, Director Anthony E. Malkin acquired 21,500 shares of the business's stock in a transaction dated Monday, September 19th. The stock was purchased at an average price of $15.10 per share, with a total value of $324,650.00. Following the transaction, the director now directly owns 77,396 shares in the company, valued at approximately $1,168,679.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Anthony E. Malkin acquired 8,554 shares of the business's stock in a transaction dated Thursday, September 15th. The shares were acquired at an average cost of $15.35 per share, with a total value of $131,303.90. Following the transaction, the director now owns 53,757 shares in the company, valued at $825,169.95. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 31,792 shares of company stock worth $482,592. Insiders own 13.70% of the company's stock.

APi Group Profile

(Get Rating)

APi Group Corporation provides safety, specialty, and industrial services in North America, Europe, Australia, and the Asian-Pacific. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, monitoring, and service of these integrated systems.

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