Mount Yale Investment Advisors LLC Acquires New Shares in APi Group Co. (NYSE:APG)

Mount Yale Investment Advisors LLC acquired a new stake in shares of APi Group Co. (NYSE:APG) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,910 shares of the company’s stock, valued at approximately $271,000.

Several other institutional investors also recently modified their holdings of the business. Knights of Columbus Asset Advisors LLC lifted its holdings in APi Group by 701.8% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 121,332 shares of the company’s stock valued at $4,198,000 after acquiring an additional 106,200 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of APi Group in the fourth quarter worth about $670,000. Vanguard Group Inc. raised its stake in shares of APi Group by 10.2% in the fourth quarter. Vanguard Group Inc. now owns 20,790,443 shares of the company’s stock worth $719,349,000 after buying an additional 1,930,059 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of APi Group by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,678,342 shares of the company’s stock worth $92,671,000 after buying an additional 24,212 shares during the period. Finally, Duality Advisers LP bought a new position in shares of APi Group in the first quarter worth about $1,447,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on APG. Royal Bank of Canada raised their price target on APi Group from $36.00 to $45.00 and gave the company a “sector perform” rating in a report on Monday, April 8th. Citigroup raised their price target on APi Group from $43.00 to $47.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Robert W. Baird lifted their target price on APi Group from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, APi Group presently has a consensus rating of “Moderate Buy” and an average price target of $44.29.

Insider Buying and Selling at APi Group

In related news, Director Ian G. H. Ashken sold 150,000 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $37.21, for a total value of $5,581,500.00. Following the completion of the transaction, the director now owns 5,828,779 shares of the company’s stock, valued at approximately $216,888,866.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Global Investors Lp Viking sold 1,951,782 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $38.15, for a total value of $74,460,483.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ian G. H. Ashken sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $37.21, for a total value of $5,581,500.00. Following the completion of the sale, the director now owns 5,828,779 shares of the company’s stock, valued at $216,888,866.59. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

APi Group Stock Down 0.6 %

NYSE APG traded down $0.24 on Monday, reaching $36.95. 1,337,396 shares of the stock traded hands, compared to its average volume of 1,781,917. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.26 and a current ratio of 1.35. The company has a fifty day moving average price of $37.19 and a 200-day moving average price of $36.65. The company has a market cap of $10.13 billion, a price-to-earnings ratio of -17.25, a PEG ratio of 1.09 and a beta of 1.57. APi Group Co. has a 12 month low of $24.61 and a 12 month high of $39.98.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.60 billion. APi Group had a return on equity of 37.83% and a net margin of 2.49%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. As a group, research analysts forecast that APi Group Co. will post 1.88 EPS for the current fiscal year.

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.