Strategic Financial Concepts LLC Buys 382,012 Shares of APi Group Co. (NYSE:APG)

Strategic Financial Concepts LLC lifted its position in APi Group Co. (NYSE:APG - Free Report) by 3,622.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 392,559 shares of the company's stock after buying an additional 382,012 shares during the quarter. Strategic Financial Concepts LLC owned approximately 0.14% of APi Group worth $148,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings 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 in the last quarter. Swedbank AB lifted its holdings in shares of APi Group by 21.1% in the second quarter. Swedbank AB now owns 1,860,000 shares of the company's stock worth $69,992,000 after buying an additional 324,000 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 in the last quarter. Duality Advisers LP purchased a new stake in APi Group in the first quarter valued at approximately $1,447,000. Finally, Capital World Investors raised its stake in APi Group by 794.6% in the fourth quarter. Capital World Investors now owns 1,185,771 shares of the company's stock valued at $41,028,000 after purchasing an additional 1,053,222 shares in the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on APG shares. JPMorgan Chase & Co. lowered their target price on shares of APi Group from $37.00 to $34.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Robert W. Baird lowered their target price 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. Finally, Barclays lowered their target price on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating on the stock in a research note on Monday, August 5th. Two equities 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, APi Group has a consensus rating of "Moderate Buy" and a consensus target price of $43.86.

Insider Buying and Selling at APi Group

In other news, major shareholder Global Investors Lp Viking sold 1,951,782 shares of the firm's stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $38.15, for a total value of $74,460,483.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder Global Investors Lp Viking sold 1,951,782 shares of the firm's stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $38.15, for a total value of $74,460,483.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Louis Lambert sold 5,679 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction of $204,671.16. Following the completion of the transaction, the senior vice president now owns 2,421 shares in the company, valued at approximately $87,252.84. The disclosure for this sale can be found here. Insiders have sold 2,292,140 shares of company stock worth $86,113,640 over the last ninety days. Insiders own 16.40% of the company's stock.

APi Group Price Performance

NYSE APG traded down $0.01 on Tuesday, reaching $32.73. 1,131,241 shares of the company's stock traded hands, compared to its average volume of 1,700,671. APi Group Co. has a 12 month low of $24.61 and a 12 month high of $39.98. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.38. The stock has a 50-day simple moving average of $35.55 and a 200 day simple moving average of $36.95. The stock has a market cap of $8.98 billion, a PE ratio of -15.14, a P/E/G ratio of 0.96 and a beta of 1.56.

APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The business had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.79 billion. During the same period last year, the business earned $0.41 earnings per share. The business's quarterly revenue was down 2.3% on a year-over-year basis. As a group, research analysts predict that APi Group Co. will post 1.87 earnings per share for the current 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.