APi Group Corporation $APG Shares Acquired by JNBA Financial Advisors

Key Points

• JNBA Financial Advisors increased its APi Group stake by 66.6% in the second quarter, bringing its holdings to 699,242 shares valued at approximately $29.6 million. Institutional investors and hedge funds collectively own 86.62% of APG.
• APi Group reported quarterly EPS of $0.44, slightly exceeding estimates, while revenue reached $2.25 billion, up 13.3% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $52.57.
• Insiders sold 2.667 million shares worth about $110.8 million during the latest quarter, including substantial sales by directors Martin E. Franklin and James E. Lillie. APG recently traded at $39.70, below its analyst price targets and 50-day moving average.

JNBA Financial Advisors boosted its position in shares of APi Group Corporation (NYSE:APG - Free Report) by 66.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 699,242 shares of the company's stock after buying an additional 279,448 shares during the quarter. APi Group accounts for approximately 1.5% of JNBA Financial Advisors' investment portfolio, making the stock its 13th largest position. JNBA Financial Advisors owned approximately 0.16% of APi Group worth $29,613,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Silicon Valley Capital Partners raised its position in APi Group by 50.0% in the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company's stock worth $29,000 after acquiring an additional 286 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of APi Group by 55.3% during the 3rd 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. Caitong International Asset Management Co. Ltd boosted its position in shares of APi Group by 1,851.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company's stock valued at $29,000 after purchasing an additional 722 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in shares of APi Group by 14,720.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 741 shares of the company's stock worth $31,000 after purchasing an additional 736 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in shares of APi Group by 146.7% in the 4th quarter. IFP Advisors Inc now owns 824 shares of the company's stock worth $32,000 after purchasing an additional 490 shares during the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director James E. Lillie sold 285,000 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $39.84, for a total value of $11,354,400.00. Following the completion of the transaction, the director owned 8,952,350 shares of the company's stock, valued at approximately $356,661,624. This trade represents a 3.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin E. Franklin sold 2,000,000 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $42.08, for a total transaction of $84,160,000.00. Following the completion of the transaction, the director directly owned 19,240,426 shares of the company's stock, valued at $809,637,126.08. This represents a 9.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,667,000 shares of company stock worth $110,810,972 in the last quarter. Insiders own 18.70% of the company's stock.

APi Group Price Performance

NYSE APG opened at $39.70 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. APi Group Corporation has a 1 year low of $33.40 and a 1 year high of $49.99. The company has a market cap of $17.16 billion, a PE ratio of -59.25, a PEG ratio of 2.31 and a beta of 1.60. The stock's 50-day moving average price is $41.28 and its two-hundred day moving average price is $42.62.

APi Group (NYSE:APG - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The company had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.20 billion. APi Group had a net margin of 3.99% and a return on equity of 37.59%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the company posted $0.39 earnings per share. On average, analysts predict that APi Group Corporation will post 1.72 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on APG shares. Wall Street Zen lowered shares of APi Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Barclays restated an "overweight" rating and issued a $54.00 price target (up from $52.00) on shares of APi Group in a research report on Thursday, May 7th. Weiss Ratings cut APi Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, June 11th. UBS Group set a $52.00 price objective on APi Group in a research report on Monday, July 20th. Finally, Citigroup reissued a "buy" rating and set a $54.00 price objective (up from $53.00) on shares of APi Group in a research note 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $52.57.

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.

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