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

Orion Porfolio Solutions LLC lifted its stake in shares of APi Group Corporation (NYSE:APG) by 39.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,947 shares of the company’s stock after acquiring an additional 22,404 shares during the period. Orion Porfolio Solutions LLC’s holdings in APi Group were worth $2,713,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of APG. Clearstead Advisors LLC grew its holdings in APi Group by 105.7% in the third quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock valued at $29,000 after purchasing an additional 427 shares during the period. Bares Capital Management Inc. purchased a new position in APi Group during the second quarter worth approximately $30,000. Steigerwald Gordon & Koch Inc. purchased a new position in APi Group during the third quarter worth approximately $31,000. Root Financial Partners LLC acquired a new position in shares of APi Group in the 3rd quarter valued at $32,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of APi Group by 2,620.0% in the 3rd 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 owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. CJS Securities upgraded APi Group to a “strong-buy” rating in a report on Thursday, December 11th. UBS Group lifted their target price on APi Group from $49.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Citigroup boosted their price target on APi Group from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Weiss Ratings restated a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. Finally, Truist Financial raised their price objective on APi Group from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.57.

APi Group Price Performance

APG opened at $41.61 on Wednesday. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $46.89. The company has a 50 day moving average of $42.72 and a two-hundred day moving average of $38.66. The company has a market cap of $17.95 billion, a P/E ratio of -54.99, a P/E/G ratio of 2.53 and a beta of 1.69. The company has a quick ratio of 1.43, a current ratio of 1.50 and a debt-to-equity ratio of 0.81.

APi Group (NYSE:APG) last issued its earnings results on Wednesday, February 25th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, analysts expect that APi Group Corporation will post 1.83 earnings per share for the current year.

Insider Buying and Selling at APi Group

In other news, Director James E. Lillie sold 100,888 shares of the company’s stock in a transaction dated 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 completion of the sale, the director owned 9,706,462 shares of the company’s stock, valued at $429,996,266.60. This represents a 1.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Louis Lambert sold 22,000 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $44.71, for a total value of $983,620.00. Following the completion of the sale, the senior vice president owned 16,148 shares of the company’s stock, valued at approximately $721,977.08. This trade represents a 57.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 682,000 shares of company stock valued at $29,693,385 over the last three months. 17.00% of the stock is owned by company insiders.

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.