ADW Capital Management LLC Has $38.38 Million Stock Holdings in APi Group Co. (NYSE:APG)

ADW Capital Management LLC reduced its position in APi Group Co. (NYSE:APG - Free Report) by 48.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,066,922 shares of the company's stock after selling 995,983 shares during the period. APi Group accounts for approximately 11.8% of ADW Capital Management LLC's investment portfolio, making the stock its 4th largest holding. ADW Capital Management LLC owned approximately 0.39% of APi Group worth $38,377,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of APi Group by 1.6% in the 3rd quarter. Barclays PLC now owns 364,281 shares of the company's stock worth $12,026,000 after purchasing an additional 5,701 shares during the last quarter. Virtu Financial LLC bought a new position in shares of APi Group during the 3rd quarter worth approximately $813,000. Wilmington Savings Fund Society FSB bought a new position in shares of APi Group in the 3rd quarter valued at about $450,000. Tidal Investments LLC raised its stake in shares of APi Group by 10.8% during the 3rd quarter. Tidal Investments LLC now owns 54,553 shares of the company's stock worth $1,801,000 after purchasing an additional 5,337 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of APi Group during the 4th quarter worth about $288,000. Institutional investors own 86.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Robert W. Baird upped their price objective on shares of APi Group from $40.00 to $46.00 and gave the company an "outperform" rating in a report on Thursday, February 27th. Royal Bank of Canada raised shares of APi Group from a "sector perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a research report on Tuesday, January 14th. Truist Financial restated a "buy" rating and set a $48.00 price objective (up from $45.00) on shares of APi Group in a research report on Thursday, February 27th. Barclays raised their target price on shares of APi Group from $43.00 to $48.00 and gave the company an "overweight" rating in a research report on Monday. Finally, UBS Group lowered their price objective on APi Group from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.86.

APi Group Trading Down 0.9 %

APG traded down $0.38 during trading on Tuesday, reaching $42.47. 2,054,344 shares of the stock traded hands, compared to its average volume of 1,683,827. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. The stock's 50-day moving average is $36.41 and its 200 day moving average is $36.83. APi Group Co. has a 12 month low of $30.76 and a 12 month high of $42.99. The stock has a market capitalization of $11.73 billion, a PE ratio of -21.56 and a beta of 1.54.

APi Group (NYSE:APG - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the company earned $0.34 EPS. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts anticipate that APi Group Co. will post 1.83 earnings per share for the current year.

Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 50,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the sale, the director now directly owns 1,046,203 shares of the company's stock, valued at $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 17.00% of the company's stock.

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.