ORG Wealth Partners LLC Invests $34,000 in APi Group Co. (NYSE:APG)

ORG Wealth Partners LLC acquired a new stake in shares of APi Group Co. (NYSE:APG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 932 shares of the company’s stock, valued at approximately $34,000.

A number of other hedge funds also recently bought and sold shares of the business. First Horizon Advisors Inc. purchased a new stake in shares of APi Group in the third quarter valued at approximately $26,000. Avior Wealth Management LLC acquired a new stake in shares of APi Group in the 3rd quarter worth $33,000. SG Americas Securities LLC purchased a new position in shares of APi Group during the 3rd quarter worth $165,000. KBC Group NV boosted its position in shares of APi Group by 14.8% during the 3rd quarter. KBC Group NV now owns 5,601 shares of the company’s stock valued at $185,000 after acquiring an additional 721 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of APi Group in the third quarter valued at about $206,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Price Performance

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

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the firm posted $0.48 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, sell-side analysts expect that APi Group Co. will post 1.83 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Ian G. H. Ashken sold 53,868 shares of APi Group stock in a transaction on Wednesday, November 13th. The stock was 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 directly owns 5,478,779 shares in the company, valued at approximately $202,002,581.73. This trade represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James E. Lillie sold 11,568 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.98, for a total value of $427,784.64. Following the sale, the director now owns 1,134,635 shares in the company, 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. Insiders own 18.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About APi Group

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.