APi Group Corporation $APG Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC boosted its position in shares of APi Group Corporation (NYSE:APG) by 48.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 133,095 shares of the company’s stock after acquiring an additional 43,684 shares during the quarter. Verdence Capital Advisors LLC’s holdings in APi Group were worth $4,614,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of APi Group by 16.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 31,379 shares of the company’s stock valued at $1,083,000 after purchasing an additional 4,501 shares during the period. Schwartz Investment Counsel Inc. grew its stake in shares of APi Group by 48.6% in the third quarter. Schwartz Investment Counsel Inc. now owns 3,094,652 shares of the company’s stock worth $106,363,000 after acquiring an additional 1,011,443 shares in the last quarter. Yorktown Management & Research Co Inc increased its position in shares of APi Group by 50.0% during the third quarter. Yorktown Management & Research Co Inc now owns 15,150 shares of the company’s stock worth $521,000 after acquiring an additional 5,050 shares during the period. Amalgamated Bank raised its stake in shares of APi Group by 52.9% in the third quarter. Amalgamated Bank now owns 168,882 shares of the company’s stock valued at $5,804,000 after acquiring an additional 58,422 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in APi Group by 48.7% in the third quarter. Sequoia Financial Advisors LLC now owns 7,523 shares of the company’s stock valued at $259,000 after purchasing an additional 2,464 shares during the period. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other APi Group news, Director Anthony E. Malkin bought 3,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was acquired at an average price of $39.58 per share, for a total transaction of $118,740.00. Following the completion of the purchase, the director owned 7,000 shares of the company’s stock, valued at approximately $277,060. This represents a 75.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Martin E. Franklin sold 340,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $36.09, for a total value of $12,270,600.00. Following the completion of the transaction, the director owned 18,968,790 shares in the company, valued at $684,583,631.10. This trade represents a 1.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders bought 7,000 shares of company stock worth $275,720 and sold 900,000 shares worth $32,342,000. Insiders own 17.00% of the company’s stock.

APi Group Stock Performance

Shares of APG stock opened at $42.83 on Tuesday. The firm has a market cap of $17.81 billion, a price-to-earnings ratio of 116.81 and a beta of 1.70. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. APi Group Corporation has a 1 year low of $20.50 and a 1 year high of $43.26. The stock’s 50-day moving average is $39.34 and its two-hundred day moving average is $36.52.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $0.51 EPS. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. Analysts predict that APi Group Corporation will post 1.83 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on APG shares. UBS Group set a $49.00 price target on APi Group and gave the stock a “buy” rating in a report on Thursday. CJS Securities upgraded shares of APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. Citigroup reissued a “buy” rating and issued a $49.00 price objective (up from $45.00) on shares of APi Group in a research report on Monday, January 12th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of APi Group in a research report on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.24.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.