Hantz Financial Services Inc. Purchases 150,139 Shares of APi Group Corporation $APG

Hantz Financial Services Inc. increased its position in shares of APi Group Corporation (NYSE:APG) by 628.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 174,019 shares of the company’s stock after buying an additional 150,139 shares during the period. Hantz Financial Services Inc.’s holdings in APi Group were worth $6,658,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC bought a new position in APi Group during the fourth quarter worth $27,000. Cornerstone Planning Group LLC raised its stake in APi Group by 14,720.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock worth $31,000 after buying an additional 736 shares during the last quarter. IFP Advisors Inc raised its stake in APi Group by 146.7% during the fourth quarter. IFP Advisors Inc now owns 824 shares of the company’s stock worth $32,000 after buying an additional 490 shares during the last quarter. Clearstead Advisors LLC raised its stake in APi Group by 105.7% during the third quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after buying an additional 427 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in APi Group by 55.3% during the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after purchasing an additional 297 shares during the period. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Up 0.0%

APi Group stock opened at $41.65 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.44 and a debt-to-equity ratio of 0.79. APi Group Corporation has a 12-month low of $30.00 and a 12-month high of $49.99. The firm’s fifty day moving average is $43.69 and its 200 day moving average is $41.83. The company has a market capitalization of $18.04 billion, a PE ratio of -58.66, a PEG ratio of 2.45 and a beta of 1.67.

APi Group (NYSE:APG) last released its earnings results on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the company earned $0.37 EPS. APi Group’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, sell-side analysts predict that APi Group Corporation will post 1.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other APi Group news, Director Ian G. H. Ashken sold 1,018,466 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $44.73, for a total transaction of $45,555,984.18. Following the transaction, the director owned 9,542,818 shares in the company, valued at approximately $426,850,249.14. This represents a 9.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James E. Lillie sold 225,539 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $44.87, for a total transaction of $10,119,934.93. Following the transaction, the director owned 9,296,811 shares in the company, valued at approximately $417,147,909.57. The trade was a 2.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 5,126,000 shares of company stock worth $217,071,030. Insiders own 18.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on APG shares. Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Truist Financial set a $55.00 target price on APi Group and gave the stock a “buy” rating in a report on Friday, May 1st. Citigroup reiterated a “buy” rating and issued a $53.00 target price (up from $52.00) on shares of APi Group in a report on Friday, May 1st. Barclays reiterated an “overweight” rating and set a $54.00 target price (up from $52.00) on shares of APi Group in a research report on Thursday, May 7th. Finally, UBS Group boosted their target price on shares of APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, APi Group presently has an average rating of “Moderate Buy” and an average price target of $52.14.

APi Group 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.