Lido Advisors LLC Boosts Stock Position in APi Group Corporation $APG

Lido Advisors LLC lifted its holdings in shares of APi Group Corporation (NYSE:APG) by 106.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,316 shares of the company’s stock after buying an additional 16,681 shares during the quarter. Lido Advisors LLC’s holdings in APi Group were worth $1,650,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in APG. Vanguard Group Inc. increased its holdings in APi Group by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 23,493,777 shares of the company’s stock worth $1,199,357,000 after acquiring an additional 453,543 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of APi Group by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company’s stock worth $581,073,000 after purchasing an additional 621,761 shares in the last quarter. Durable Capital Partners LP increased its stake in shares of APi Group by 78.0% during the first quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company’s stock worth $318,663,000 after purchasing an additional 3,903,632 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of APi Group by 75.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company’s stock worth $241,997,000 after purchasing an additional 2,906,783 shares during the last quarter. Finally, Findlay Park Partners LLP lifted its stake in APi Group by 3.4% in the 2nd quarter. Findlay Park Partners LLP now owns 6,666,648 shares of the company’s stock valued at $340,332,000 after buying an additional 220,700 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Price Performance

NYSE:APG opened at $38.96 on Friday. APi Group Corporation has a one year low of $20.50 and a one year high of $39.65. The stock has a market cap of $16.20 billion, a PE ratio of 106.25 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 stock has a 50 day moving average price of $36.10 and a 200 day moving average price of $34.72.

APi Group (NYSE:APG) last issued its earnings results on Thursday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the business earned $0.51 EPS. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. Equities research analysts expect that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on APG shares. Citigroup boosted their price objective on APi Group from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Barclays lifted their price target on APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of APi Group in a research note on Monday. 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. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.52.

Insider Activity at APi Group

In related news, Director Martin E. Franklin sold 340,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total value of $12,270,600.00. Following the transaction, the director directly owned 18,968,790 shares in the company, valued at approximately $684,583,631.10. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 900,000 shares of company stock worth $32,342,000. 17.00% of the stock is currently owned by insiders.

APi Group Company 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.