Sequoia Financial Advisors LLC Makes New Investment in APi Group Co. (NYSE:APG)

Sequoia Financial Advisors LLC acquired a new stake in shares of APi Group Co. (NYSE:APG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,370 shares of the company's stock, valued at approximately $670,000.

A number of other large investors also recently modified their holdings of APG. UniSuper Management Pty Ltd purchased a new position in APi Group in the 2nd quarter worth approximately $26,000. Toronto Dominion Bank bought a new position in shares of APi Group during the third quarter valued at approximately $30,000. Quantbot Technologies LP raised its holdings in shares of APi Group by 386.6% during the second quarter. Quantbot Technologies LP now owns 2,360 shares of the company's stock valued at $35,000 after acquiring an additional 1,875 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of APi Group by 52.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,969 shares of the company's stock valued at $56,000 after acquiring an additional 1,019 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of APi Group by 1,075.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,914 shares of the company's stock valued at $61,000 after acquiring an additional 2,666 shares in the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group upped their target price on APi Group from $40.00 to $48.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. Robert W. Baird upped their target price on APi Group from $39.00 to $43.00 and gave the company an "outperform" rating in a report on Tuesday. TheStreet downgraded APi Group from a "b" rating to a "c+" rating in a report on Wednesday, February 28th. Barclays upped their target price on APi Group from $37.00 to $44.00 and gave the company an "overweight" rating in a report on Thursday, February 29th. Finally, Citigroup upped their price target on APi Group from $43.00 to $47.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $44.29.

APi Group Price Performance

NYSE APG traded down $0.17 during trading on Tuesday, hitting $39.11. 968,639 shares of the stock traded hands, compared to its average volume of 1,436,137. The company has a market capitalization of $10.22 billion, a P/E ratio of -51.46, a price-to-earnings-growth ratio of 1.16 and a beta of 1.64. The company has a quick ratio of 1.35, a current ratio of 1.43 and a debt-to-equity ratio of 1.12. The firm has a 50-day simple moving average of $37.47 and a 200-day simple moving average of $32.57. APi Group Co. has a 12-month low of $21.15 and a 12-month high of $39.98.

APi Group (NYSE:APG - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The firm had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.76 billion. APi Group had a return on equity of 20.24% and a net margin of 2.21%. The company's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. As a group, analysts predict that APi Group Co. will post 1.86 EPS for the current year.

Insider Transactions at APi Group

In related news, CFO Kevin Krumm sold 5,585 shares of the business's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total transaction of $199,496.20. Following the completion of the transaction, the chief financial officer now owns 34,180 shares in the company, valued at approximately $1,220,909.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other APi Group news, Director James E. Lillie sold 125,000 shares of APi Group stock in a transaction on Monday, March 4th. The stock was sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the completion of the sale, the director now directly owns 5,455,411 shares of the company's stock, valued at approximately $209,378,674.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kevin Krumm sold 5,585 shares of APi Group stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following the sale, the chief financial officer now directly owns 34,180 shares of the company's stock, valued at $1,220,909.60. The disclosure for this sale can be found here. Company insiders own 16.40% 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.