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

Mount Yale Investment Advisors LLC bought a new stake in APi Group Co. (NYSE:APG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,910 shares of the company's stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APG. Janus Henderson Group PLC raised its holdings in shares of APi Group by 19.2% in the 3rd quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company's stock worth $277,079,000 after purchasing an additional 1,351,013 shares during the period. Assenagon Asset Management S.A. raised its holdings in APi Group by 412.8% in the third quarter. Assenagon Asset Management S.A. now owns 1,044,034 shares of the company's stock valued at $34,474,000 after buying an additional 840,452 shares during the period. Two Sigma Advisers LP lifted its position in APi Group by 124.7% during the third quarter. Two Sigma Advisers LP now owns 894,600 shares of the company's stock valued at $29,540,000 after buying an additional 496,500 shares in the last quarter. Progeny 3 Inc. grew its stake in APi Group by 24.2% during the third quarter. Progeny 3 Inc. now owns 2,298,025 shares of the company's stock worth $75,881,000 after buying an additional 447,200 shares during the period. Finally, Swedbank AB increased its position in shares of APi Group by 18.8% in the third quarter. Swedbank AB now owns 2,209,000 shares of the company's stock worth $72,941,000 after acquiring an additional 349,000 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on APG. William Blair restated an "outperform" rating on shares of APi Group in a report on Thursday, December 5th. Royal Bank of Canada upgraded APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a research note on Tuesday, January 14th. Robert W. Baird increased their target price on APi Group from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, November 26th. Barclays boosted their price target on APi Group from $43.00 to $44.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. Finally, Citigroup dropped their price objective on shares of APi Group from $45.00 to $43.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, APi Group currently has an average rating of "Moderate Buy" and an average target price of $43.38.

APi Group Stock Up 1.6 %

Shares of APG stock traded up $0.60 during mid-day trading on Thursday, reaching $38.09. 1,326,426 shares of the company were exchanged, compared to its average volume of 1,153,064. 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 business's 50 day simple moving average is $37.32 and its 200 day simple moving average is $35.60. The company has a market capitalization of $10.47 billion, a P/E ratio of -19.33 and a beta of 1.55. APi Group Co. has a fifty-two week low of $31.44 and a fifty-two week high of $40.89.

APi Group (NYSE:APG - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate 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 net margin of 3.01% and a return on equity of 33.89%. The firm's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $0.48 EPS. Research analysts predict that APi Group Co. will post 1.83 earnings per share for the current year.

Insider Buying and Selling

In other APi Group news, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $36.87, for a total value of $1,986,113.16. Following the completion of the transaction, the director now owns 5,478,779 shares of the company's stock, valued at $202,002,581.73. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James E. Lillie sold 11,568 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the sale, the director now directly owns 1,134,635 shares of the company's stock, valued at approximately $41,958,802.30. This represents a 1.01 % 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.