20,869 Shares in APi Group Co. (NYSE:APG) Bought by DHK Financial Advisors Inc.

DHK Financial Advisors Inc. acquired a new stake in APi Group Co. (NYSE:APG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 20,869 shares of the company’s stock, valued at approximately $785,000.

A number of other large investors have also modified their holdings of the company. Cetera Advisors LLC increased its holdings in APi Group by 1.1% in the 1st quarter. Cetera Advisors LLC now owns 27,242 shares of the company’s stock worth $1,070,000 after acquiring an additional 287 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of APi Group by 0.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 108,711 shares of the company’s stock worth $4,091,000 after purchasing an additional 323 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in APi Group by 4.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,071 shares of the company’s stock worth $278,000 after buying an additional 333 shares during the last quarter. J.Safra Asset Management Corp raised its holdings in shares of APi Group by 21.5% during the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock valued at $79,000 after acquiring an additional 373 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of APi Group by 43.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock valued at $44,000 after acquiring an additional 390 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on APG. JPMorgan Chase & Co. dropped their price target on APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Robert W. Baird lowered their target price on APi Group from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, Barclays cut their price target on APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a report 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 company’s stock. According to MarketBeat.com, APi Group has an average rating of “Moderate Buy” and an average price target of $43.86.

APi Group Stock Performance

NYSE APG opened at $34.45 on Tuesday. The stock has a market cap of $9.45 billion, a PE ratio of -16.02, a P/E/G ratio of 0.99 and a beta of 1.56. APi Group Co. has a twelve month low of $24.61 and a twelve month high of $39.98. The stock has a fifty day simple moving average of $35.26 and a 200-day simple moving average of $36.90. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 1.00.

APi Group (NYSE:APG) last announced its earnings results on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.79 billion. APi Group had a net margin of 2.81% and a return on equity of 36.53%. APi Group’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. Equities analysts anticipate that APi Group Co. will post 1.87 earnings per share for the current year.

Insider Buying and Selling at APi Group

In other news, SVP Louis Lambert sold 6,333 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $32.45, for a total transaction of $205,505.85. Following the completion of the transaction, the senior vice president now directly owns 8,100 shares in the company, valued at $262,845. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Martin E. Franklin sold 178,346 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total value of $6,288,479.96. Following the sale, the director now owns 14,267,479 shares of the company’s stock, valued at $503,071,309.54. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Louis Lambert sold 6,333 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $32.45, for a total transaction of $205,505.85. Following the completion of the sale, the senior vice president now directly owns 8,100 shares in the company, valued at $262,845. The disclosure for this sale can be found here. Insiders have sold a total of 340,358 shares of company stock valued at $11,653,157 over the last quarter. 16.40% of the stock is owned by company insiders.

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.