ORG Wealth Partners LLC Purchases Shares of 932 APi Group Co. (NYSE:APG)

ORG Wealth Partners LLC purchased a new position in shares of APi Group Co. (NYSE:APG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 932 shares of the company’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds have also made changes to their positions in APG. Janus Henderson Group PLC boosted its holdings in APi Group by 19.2% in the third quarter. Janus Henderson Group PLC now owns 8,391,321 shares of the company’s stock valued at $277,079,000 after purchasing an additional 1,351,013 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of APi Group by 4.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,901,296 shares of the company’s stock valued at $227,881,000 after buying an additional 324,544 shares in the last quarter. Geode Capital Management LLC grew its position in shares of APi Group by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,730,499 shares of the company’s stock valued at $123,217,000 after buying an additional 106,119 shares during the last quarter. State Street Corp grew its position in shares of APi Group by 3.7% in the 3rd quarter. State Street Corp now owns 3,723,241 shares of the company’s stock valued at $122,941,000 after buying an additional 132,971 shares during the last quarter. Finally, Select Equity Group L.P. raised its stake in APi Group by 7.6% during the 2nd quarter. Select Equity Group L.P. now owns 2,464,597 shares of the company’s stock worth $92,743,000 after acquiring an additional 173,544 shares in the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on APG shares. William Blair reaffirmed an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. Barclays raised their price target on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Citigroup boosted their price objective on APi Group from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Robert W. Baird increased their price objective on APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $45.00 target price on shares of APi Group in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.43.

Insider Activity at APi Group

In related news, Director Ian G. H. Ashken sold 53,868 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the transaction, the director now owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James E. Lillie sold 11,568 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the completion of the sale, the director now directly owns 1,134,635 shares of the company’s stock, valued at approximately $41,958,802.30. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is owned by insiders.

APi Group Trading Down 1.9 %

NYSE:APG opened at $35.66 on Friday. APi Group Co. has a 12-month low of $30.89 and a 12-month high of $40.89. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock’s 50 day simple moving average is $36.99 and its 200-day simple moving average is $35.59. The firm has a market cap of $9.80 billion, a P/E ratio of -18.10 and a beta of 1.55.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. APi Group’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. Equities analysts anticipate that APi Group Co. will post 1.83 EPS 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.