DHK Financial Advisors Inc. Invests $785,000 in APi Group Co. (NYSE:APG)

DHK Financial Advisors Inc. purchased a new position in APi Group Co. (NYSE:APG - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,869 shares of the company's stock, valued at approximately $785,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of APG. Janus Henderson Group PLC boosted its stake in shares of APi Group by 6,312.4% during the 1st quarter. Janus Henderson Group PLC now owns 4,884,712 shares of the company's stock worth $191,822,000 after acquiring an additional 4,808,536 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in shares of APi Group during the fourth quarter valued at $159,751,000. Blackstone Inc. acquired a new position in shares of APi Group in the 1st quarter valued at $139,191,000. Gates Capital Management Inc. purchased a new position in APi Group in the 4th quarter worth about $111,729,000. Finally, Capital Research Global Investors raised its holdings in APi Group by 271.2% during the 1st quarter. Capital Research Global Investors now owns 4,321,383 shares of the company's stock worth $169,701,000 after buying an additional 3,157,283 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Stock Up 0.4 %

APi Group stock traded up $0.15 during trading hours on Tuesday, hitting $34.60. The company had a trading volume of 857,905 shares, compared to its average volume of 1,678,110. The firm's fifty day moving average is $35.26 and its 200-day moving average is $36.90. The firm has a market capitalization of $9.49 billion, a P/E ratio of -16.06, a price-to-earnings-growth ratio of 0.99 and a beta of 1.56. APi Group Co. has a fifty-two week low of $24.61 and a fifty-two week 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.

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

Insider Activity

In related news, Director Ian G. H. Ashken sold 150,000 shares of the firm's stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $33.03, for a total transaction of $4,954,500.00. Following the transaction, the director now owns 5,678,779 shares of the company's stock, valued at $187,570,070.37. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Louis Lambert sold 6,333 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $32.45, for a total transaction of $205,505.85. Following the transaction, the senior vice president now owns 8,100 shares of the company's stock, valued at approximately $262,845. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ian G. H. Ashken sold 150,000 shares of the firm's stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $33.03, for a total value of $4,954,500.00. Following the completion of the transaction, the director now directly owns 5,678,779 shares in the company, valued at $187,570,070.37. The disclosure for this sale can be found here. Insiders sold a total of 340,358 shares of company stock worth $11,653,157 in the last three months. 16.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

APG has been the subject of several recent analyst reports. Barclays decreased their target price on shares of APi Group from $44.00 to $43.00 and set an "overweight" rating for the company in a report on Monday, August 5th. 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 report on Friday, August 2nd. Finally, JPMorgan Chase & Co. reduced their target price on APi Group from $37.00 to $34.00 and set a "neutral" 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $43.86.

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.