Focus Financial Network Inc. Has $2.33 Million Stock Position in APi Group Corporation $APG

Focus Financial Network Inc. boosted its holdings in shares of APi Group Corporation (NYSE:APG) by 50.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,807 shares of the company’s stock after acquiring an additional 22,626 shares during the quarter. Focus Financial Network Inc.’s holdings in APi Group were worth $2,331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of APG. Bares Capital Management Inc. purchased a new stake in shares of APi Group in the second quarter worth approximately $30,000. SVB Wealth LLC purchased a new stake in APi Group in the 1st quarter worth approximately $38,000. EverSource Wealth Advisors LLC boosted its stake in shares of APi Group by 547.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company’s stock valued at $65,000 after buying an additional 1,078 shares during the period. Ulland Investment Advisors LLC grew its holdings in shares of APi Group by 41.5% during the 2nd quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock valued at $77,000 after acquiring an additional 440 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of APi Group during the 2nd quarter valued at $98,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Buying and Selling

In other APi Group news, Director Martin E. Franklin sold 340,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $36.09, for a total transaction of $12,270,600.00. Following the completion of the transaction, the director owned 18,968,790 shares of the company’s stock, valued at $684,583,631.10. The trade was a 1.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 900,000 shares of company stock valued at $32,342,000. Company insiders own 17.00% of the company’s stock.

APi Group Stock Up 1.1%

APG opened at $38.88 on Friday. The firm has a market cap of $16.17 billion, a P/E ratio of 106.04 and a beta of 1.72. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. The business has a 50 day moving average price of $37.08 and a 200 day moving average price of $35.38. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $40.58.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm posted $0.51 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Research analysts forecast that APi Group Corporation will post 1.83 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on APG. Weiss Ratings reissued a “hold (c)” rating on shares of APi Group in a research report on Monday, December 8th. Citigroup reaffirmed a “buy” rating and set a $45.00 price target (up from $43.00) on shares of APi Group in a research note on Monday, December 8th. Barclays boosted their price target on APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. CJS Securities raised shares of APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Zacks Research cut shares of APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.81.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.