Advantage Alpha Capital Partners LP Increases Stock Holdings in APi Group Co. (NYSE:APG)

Advantage Alpha Capital Partners LP lifted its holdings in shares of APi Group Co. (NYSE:APG) by 79.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,087 shares of the company’s stock after buying an additional 119,229 shares during the period. APi Group makes up 2.0% of Advantage Alpha Capital Partners LP’s portfolio, making the stock its 2nd biggest position. Advantage Alpha Capital Partners LP owned about 0.10% of APi Group worth $8,885,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of APG. First Horizon Advisors Inc. bought a new position in shares of APi Group during the 3rd quarter valued at $26,000. Avior Wealth Management LLC purchased a new stake in APi Group during the third quarter valued at $33,000. J.Safra Asset Management Corp lifted its holdings in APi Group by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after acquiring an additional 373 shares during the period. Triad Wealth Partners LLC purchased a new position in APi Group in the second quarter worth about $132,000. Finally, Strategic Financial Concepts LLC boosted its position in APi Group by 3,622.0% in the second quarter. Strategic Financial Concepts LLC now owns 392,559 shares of the company’s stock worth $148,000 after purchasing an additional 382,012 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Ian G. H. Ashken sold 53,868 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the transaction, the director now owns 5,478,779 shares of the company’s stock, valued at approximately $202,002,581.73. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James E. Lillie sold 11,568 shares of APi Group stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.98, for a total transaction of $427,784.64. Following the transaction, the director now directly owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on APG. Robert W. Baird lowered their price objective on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 target price on shares of APi Group in a report on Friday, November 1st. Barclays lifted their price target on shares of APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. reduced their price objective on APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, APi Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

APi Group Price Performance

APG stock opened at $38.25 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.42 and a current ratio of 1.51. The company’s fifty day moving average price is $34.46 and its 200-day moving average price is $35.52. APi Group Co. has a one year low of $29.75 and a one year high of $39.98. The company has a market capitalization of $10.51 billion, a PE ratio of -19.42 and a beta of 1.54.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 earnings per share. On average, equities analysts anticipate that APi Group Co. will post 1.86 EPS for the current fiscal year.

About APi Group

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.