Atria Wealth Solutions Inc. bought a new stake in APi Group Co. (NYSE:APG – Get Rating) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 343,877 shares of the company's stock, valued at approximately $7,232,000. Atria Wealth Solutions Inc. owned 0.15% of APi Group as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in APG. Advisor Group Holdings Inc. grew its position in shares of APi Group by 18.2% in the 4th quarter. Advisor Group Holdings Inc. now owns 15,338 shares of the company's stock worth $396,000 after buying an additional 2,360 shares during the period. Bank of America Corp DE boosted its stake in APi Group by 29.0% in the 4th quarter. Bank of America Corp DE now owns 939,805 shares of the company's stock worth $24,219,000 after purchasing an additional 211,231 shares in the last quarter. Dimensional Fund Advisors LP grew its position in APi Group by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,406,757 shares of the company's stock valued at $36,251,000 after purchasing an additional 172,643 shares during the last quarter. AlphaCrest Capital Management LLC bought a new stake in APi Group during the 4th quarter valued at about $340,000. Finally, Principal Financial Group Inc. raised its holdings in APi Group by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 17,495 shares of the company's stock worth $451,000 after buying an additional 764 shares during the last quarter. 73.28% of the stock is currently owned by institutional investors.
Get APi Group alerts:Wall Street Analysts Forecast Growth
Several analysts have commented on the company. Barclays cut their target price on APi Group from $24.00 to $21.00 and set an "overweight" rating on the stock in a research note on Friday, July 8th. Bank of America raised shares of APi Group from a "neutral" rating to a "buy" rating and set a $23.00 price target on the stock in a report on Monday, July 11th. JPMorgan Chase & Co. assumed coverage on shares of APi Group in a report on Friday, June 17th. They set a "neutral" rating and a $17.00 price objective for the company. Finally, Royal Bank of Canada cut their price objective on APi Group from $24.00 to $18.00 in a report on Monday, July 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, APi Group has an average rating of "Moderate Buy" and a consensus target price of $22.17.
Insider Buying and Selling
In other APi Group news, Director Anthony E. Malkin acquired 12,600 shares of the company's stock in a transaction dated Friday, June 17th. The stock was purchased at an average price of $14.47 per share, with a total value of $182,322.00. Following the completion of the purchase, the director now directly owns 34,396 shares in the company, valued at approximately $497,710.12. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 13.70% of the stock is currently owned by insiders.APi Group Stock Performance
Shares of APG opened at $16.09 on Monday. APi Group Co. has a 52 week low of $14.13 and a 52 week high of $26.84. The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 1.31. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of -23.32, a PEG ratio of 0.56 and a beta of 1.46. The business has a 50-day simple moving average of $16.39 and a two-hundred day simple moving average of $17.80.
APi Group (NYSE:APG – Get Rating) last released its earnings results on Thursday, August 4th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.66 billion. APi Group had a net margin of 1.08% and a return on equity of 13.70%. The firm's revenue was up 68.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 EPS. On average, analysts expect that APi Group Co. will post 1.33 EPS for the current year.
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.
Further Reading
- Get a free copy of the StockNews.com research report on APi Group (APG)
- Can Electronic Arts Buck the Downturn in Videogaming?
- Dollar General is the Big Fish in Little Ponds Across the U.S.
- Here's Why the CPI Report will Dictate the Market Bottom
- MarketBeat: Week in Review 9/5 – 9/9
- Prepare For A Record-Setting Quarter For Cyber Security Stocks
Receive News & Ratings for APi Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for APi Group and related companies with MarketBeat.com's FREE daily email newsletter.