Verdence Capital Advisors LLC Has $2.51 Million Stock Position in APi Group Co. (NYSE:APG)

Verdence Capital Advisors LLC raised its holdings in APi Group Co. (NYSE:APG) by 2.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,964 shares of the company’s stock after buying an additional 2,070 shares during the period. Verdence Capital Advisors LLC’s holdings in APi Group were worth $2,508,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new stake in APi Group during the first quarter worth $221,000. Daiwa Securities Group Inc. bought a new position in shares of APi Group during the first quarter valued at about $235,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of APi Group by 27.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 7,488 shares of the company’s stock valued at $294,000 after purchasing an additional 1,592 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of APi Group by 154.8% in the 1st quarter. SG Americas Securities LLC now owns 12,484 shares of the company’s stock worth $490,000 after buying an additional 7,585 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in APi Group by 40.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 45,086 shares of the company’s stock worth $1,771,000 after purchasing an additional 12,913 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on APG. Royal Bank of Canada reiterated a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a research note on Friday, November 1st. Barclays raised their target price on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price target on APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Robert W. Baird decreased their price objective on APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.00.

APi Group Stock Performance

NYSE:APG opened at $37.10 on Friday. APi Group Co. has a 52-week low of $27.06 and a 52-week high of $39.98. The business’s fifty day moving average is $33.85 and its 200 day moving average is $35.65. 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 firm has a market cap of $10.19 billion, a price-to-earnings ratio of -18.83 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 earnings per share for the quarter, meeting the consensus estimate of $0.51. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the business posted $0.48 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. Research analysts predict that APi Group Co. will post 1.86 EPS for the current year.

Insider Buying and Selling at APi Group

In related news, Director Martin E. Franklin sold 178,346 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total value of $6,288,479.96. Following the sale, the director now owns 14,267,479 shares in the company, valued at approximately $503,071,309.54. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other APi Group news, SVP Louis Lambert sold 5,679 shares of APi Group stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $36.04, for a total transaction of $204,671.16. Following the completion of the sale, the senior vice president now directly owns 2,421 shares in the company, valued at $87,252.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Martin E. Franklin sold 178,346 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the completion of the transaction, the director now directly owns 14,267,479 shares in the company, valued at $503,071,309.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 18.20% of the company’s stock.

APi Group Company 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.