JNBA Financial Advisors Has $29.61 Million Holdings in APi Group Corporation $APG

JNBA Financial Advisors boosted its holdings in shares of APi Group Corporation (NYSE:APG) by 66.6% in the second quarter, HoldingsChannel reports. The fund owned 699,242 shares of the company’s stock after buying an additional 279,448 shares during the quarter. APi Group accounts for 1.5% of JNBA Financial Advisors’ portfolio, making the stock its 13th biggest holding. JNBA Financial Advisors’ holdings in APi Group were worth $29,613,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Root Financial Partners LLC increased its holdings in shares of APi Group by 20.3% in the 1st quarter. Root Financial Partners LLC now owns 1,256 shares of the company’s stock valued at $51,000 after purchasing an additional 212 shares during the period. Arista Wealth Management LLC boosted its holdings in shares of APi Group by 1.4% during the second quarter. Arista Wealth Management LLC now owns 19,125 shares of the company’s stock worth $810,000 after purchasing an additional 270 shares during the period. Triad Wealth Partners LLC boosted its holdings in shares of APi Group by 2.8% during the first quarter. Triad Wealth Partners LLC now owns 10,247 shares of the company’s stock worth $415,000 after purchasing an additional 283 shares during the period. Silicon Valley Capital Partners grew its position in APi Group by 50.0% during the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after purchasing an additional 286 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in APi Group by 55.3% during the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after purchasing an additional 297 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Buying and Selling at APi Group

In related news, Director Anthony E. Malkin sold 7,000 shares of APi Group stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $42.47, for a total value of $297,290.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ian G. H. Ashken sold 214,928 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $39.91, for a total transaction of $8,577,776.48. Following the completion of the sale, the director owned 9,262,356 shares of the company’s stock, valued at $369,660,627.96. This represents a 2.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 2,667,000 shares of company stock worth $110,810,972. Company insiders own 18.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on APG. Weiss Ratings lowered shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Wells Fargo & Company started coverage on shares of APi Group in a research note on Tuesday, August 4th. They set an “overweight” rating and a $53.00 target price for the company. Wall Street Zen cut shares of APi Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Barclays reaffirmed an “overweight” rating and issued a $54.00 price target (up from $52.00) on shares of APi Group in a research note on Thursday, May 7th. Finally, Citigroup reiterated a “buy” rating and set a $54.00 price objective (up from $53.00) on shares of APi Group in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.57.

APi Group Trading Up 0.0%

Shares of NYSE APG opened at $39.70 on Monday. The business has a 50 day simple moving average of $41.28 and a 200 day simple moving average of $42.62. APi Group Corporation has a 52 week low of $33.40 and a 52 week high of $49.99. The stock has a market cap of $17.16 billion, a price-to-earnings ratio of -59.25, a PEG ratio of 2.31 and a beta of 1.60. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.32 and a current ratio of 1.39.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.20 billion. APi Group had a net margin of 3.99% and a return on equity of 37.59%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. On average, research analysts predict that APi Group Corporation will post 1.72 earnings per share for the current fiscal year.

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.