Redhawk Wealth Advisors Inc. Sells 1,183 Shares of APi Group Co. (NYSE:APG)

Redhawk Wealth Advisors Inc. reduced its stake in shares of APi Group Co. (NYSE:APG) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,828 shares of the company’s stock after selling 1,183 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in APi Group were worth $1,109,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APG. Park Avenue Securities LLC lifted its stake in APi Group by 48.0% during the fourth quarter. Park Avenue Securities LLC now owns 12,777 shares of the company’s stock worth $460,000 after purchasing an additional 4,144 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in APi Group in the 4th quarter worth approximately $34,000. Everence Capital Management Inc. bought a new stake in APi Group in the 4th quarter worth approximately $288,000. Tidal Investments LLC boosted its stake in APi Group by 10.8% in the third quarter. Tidal Investments LLC now owns 54,553 shares of the company’s stock worth $1,801,000 after buying an additional 5,337 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in APi Group during the third quarter valued at approximately $450,000. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

APi Group Stock Performance

Shares of APi Group stock opened at $37.37 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.51 and a quick ratio of 1.42. The business has a fifty day simple moving average of $37.04 and a two-hundred day simple moving average of $35.53. APi Group Co. has a 12 month low of $31.16 and a 12 month high of $40.89.

APi Group (NYSE:APG) last announced its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $1.87 billion. During the same quarter last year, the firm earned $0.48 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, research analysts expect that APi Group Co. will post 1.83 earnings per share for the current year.

Wall Street Analyst Weigh In

APG has been the subject of a number of research reports. Citigroup cut their price objective on shares of APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday. Royal Bank of Canada upgraded APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Tuesday. William Blair reaffirmed an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Robert W. Baird raised their target price on shares of APi Group from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, November 26th. Finally, Barclays increased their price target on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.14.

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.