Ellenbecker Investment Group Takes $204,000 Position in APi Group Co. (NYSE:APG)

Ellenbecker Investment Group acquired a new position in APi Group Co. (NYSE:APGFree Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,192 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Toronto Dominion Bank purchased a new stake in shares of APi Group during the 3rd quarter valued at $30,000. Nomura Asset Management Co. Ltd. lifted its stake in APi Group by 43.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock worth $44,000 after purchasing an additional 390 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of APi Group by 40.2% in the 4th quarter. Signaturefd LLC now owns 3,617 shares of the company’s stock worth $125,000 after purchasing an additional 1,038 shares in the last quarter. Forum Financial Management LP bought a new position in shares of APi Group during the 4th quarter valued at about $201,000. Finally, Hanseatic Management Services Inc. purchased a new position in shares of APi Group during the 3rd quarter valued at about $152,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on APG shares. UBS Group increased their price target on shares of APi Group from $40.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Barclays boosted their price target on shares of APi Group from $37.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Jefferies Financial Group assumed coverage on APi Group in a report on Friday, March 15th. They issued a “buy” rating and a $48.00 price objective on the stock. Citigroup raised their price target on APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, TheStreet downgraded APi Group from a “b” rating to a “c+” rating in a research report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.29.

Check Out Our Latest Research Report on APG

Insiders Place Their Bets

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 stock was sold at an average price of $38.15, for a total value of $74,460,483.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other APi Group news, Director Ian G. H. Ashken sold 150,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $37.21, for a total value of $5,581,500.00. Following the sale, the director now owns 5,828,779 shares in the company, valued at $216,888,866.59. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Global Investors Lp Viking sold 1,951,782 shares of APi Group stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $38.15, for a total transaction of $74,460,483.30. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

APi Group Trading Down 1.0 %

APG stock traded down $0.37 on Thursday, reaching $38.21. The company’s stock had a trading volume of 842,051 shares, compared to its average volume of 1,585,324. The firm has a market cap of $10.48 billion, a PE ratio of -17.77, a PEG ratio of 1.14 and a beta of 1.57. The business has a fifty day simple moving average of $37.34 and a two-hundred day simple moving average of $35.70. 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 1.14, a quick ratio of 1.26 and a current ratio of 1.35.

APi Group (NYSE:APGGet Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. APi Group had a net margin of 2.49% and a return on equity of 37.83%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period last year, the company posted $0.25 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. As a group, research analysts forecast that APi Group Co. will post 1.85 EPS for the current year.

APi Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for APi Group (NYSE:APG)

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