APi Group Corporation $APG Shares Sold by One Madison Group LLC

One Madison Group LLC lowered its stake in shares of APi Group Corporation (NYSE:APG) by 18.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 705,000 shares of the company’s stock after selling 155,000 shares during the period. APi Group makes up about 3.8% of One Madison Group LLC’s investment portfolio, making the stock its 13th largest position. One Madison Group LLC’s holdings in APi Group were worth $35,990,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in APi Group during the 1st quarter worth approximately $38,000. EverSource Wealth Advisors LLC raised its stake in shares of APi Group by 547.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company’s stock worth $65,000 after purchasing an additional 1,078 shares during the last quarter. Ulland Investment Advisors LLC lifted its holdings in shares of APi Group by 41.5% during the second quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock worth $77,000 after purchasing an additional 440 shares during the period. Financiere des Professionnels Fonds d investissement inc. purchased a new position in APi Group in the 2nd quarter valued at $98,000. Finally, State of Wyoming grew its position in APi Group by 10.7% in the 1st quarter. State of Wyoming now owns 4,106 shares of the company’s stock valued at $147,000 after buying an additional 397 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Stock Performance

Shares of APG opened at $40.35 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $40.58. The company has a 50-day simple moving average of $36.58 and a 200-day simple moving average of $35.02. The company has a market capitalization of $16.78 billion, a PE ratio of 110.05 and a beta of 1.72.

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

Analyst Ratings Changes

A number of brokerages have commented on APG. Barclays upped their price objective on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Zacks Research cut shares of APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Citigroup restated a “buy” rating and issued a $45.00 price objective (up previously from $43.00) on shares of APi Group in a research report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of APi Group in a research report on Monday. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $38.81.

Insider Buying and Selling at APi Group

In related news, Director Martin E. Franklin sold 340,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was 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 directly owned 18,968,790 shares of the company’s stock, valued at $684,583,631.10. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 900,000 shares of company stock valued at $32,342,000. Corporate insiders own 17.00% of the company’s stock.

APi Group Profile

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.