APi Group Corporation $APG Shares Bought by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC grew its position in APi Group Corporation (NYSE:APG) by 39.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,947 shares of the company’s stock after buying an additional 22,404 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in APi Group were worth $2,713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Clearstead Advisors LLC grew its stake in APi Group by 105.7% in the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock valued at $29,000 after acquiring an additional 427 shares during the last quarter. Bares Capital Management Inc. acquired a new position in APi Group during the second quarter worth about $30,000. Steigerwald Gordon & Koch Inc. acquired a new position in APi Group during the third quarter worth about $31,000. Root Financial Partners LLC purchased a new stake in shares of APi Group in the third quarter valued at about $32,000. Finally, Cullen Frost Bankers Inc. grew its position in shares of APi Group by 2,620.0% in the third quarter. Cullen Frost Bankers Inc. now owns 1,088 shares of the company’s stock valued at $37,000 after purchasing an additional 1,048 shares during the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

APi Group Stock Performance

Shares of NYSE APG opened at $41.61 on Wednesday. The company has a 50-day simple moving average of $42.72 and a 200-day simple moving average of $38.66. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 1.43. The company has a market cap of $17.95 billion, a PE ratio of -54.99, a price-to-earnings-growth ratio of 2.53 and a beta of 1.69. APi Group Corporation has a 12 month low of $20.50 and a 12 month high of $46.89.

APi Group (NYSE:APG) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. APi Group had a net margin of 3.70% and a return on equity of 37.92%. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, equities analysts anticipate that APi Group Corporation will post 1.83 earnings per share for the current year.

Insider Buying and Selling at APi Group

In other APi Group news, SVP Louis Lambert sold 22,000 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $44.71, for a total transaction of $983,620.00. Following the transaction, the senior vice president owned 16,148 shares of the company’s stock, valued at $721,977.08. This represents a 57.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director James E. Lillie sold 100,888 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $44.30, for a total value of $4,469,338.40. Following the sale, the director owned 9,706,462 shares in the company, valued at $429,996,266.60. This trade represents a 1.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 682,000 shares of company stock worth $29,693,385. Insiders own 17.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on APG. Royal Bank Of Canada raised their price objective on shares of APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Truist Financial upped their target price on APi Group from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. CJS Securities upgraded APi Group to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of APi Group in a research report on Monday, December 22nd. Finally, UBS Group boosted their price target on APi Group from $49.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $48.57.

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.