17,684 Shares in APi Group Corporation $APG Acquired by Gaddis Premier Wealth Advisors LLC

Gaddis Premier Wealth Advisors LLC purchased a new stake in APi Group Corporation (NYSE:APG) during the 1st quarter, HoldingsChannel reports. The fund purchased 17,684 shares of the company’s stock, valued at approximately $717,000.

A number of other large investors have also recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new position in APi Group during the fourth quarter worth $27,000. Silicon Valley Capital Partners boosted its stake in shares of APi Group by 50.0% in the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after purchasing an additional 286 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of APi Group by 55.3% in 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 grew its holdings in shares of APi Group by 1,851.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock worth $29,000 after purchasing an additional 722 shares during the last quarter. Finally, Cornerstone Planning Group LLC grew its holdings 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. 86.62% of the stock is currently owned by institutional investors.

APi Group Price Performance

Shares of APG stock opened at $40.80 on Friday. APi Group Corporation has a 1 year low of $33.40 and a 1 year high of $49.99. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79. The firm’s 50 day moving average is $42.05 and its 200-day moving average is $42.76. The firm has a market capitalization of $17.67 billion, a price-to-earnings ratio of -57.46, a PEG ratio of 2.41 and a beta of 1.60.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.32 earnings per share 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 business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the business posted $0.37 earnings per share. APi Group’s revenue for the quarter was up 15.3% compared to the same quarter last year. Sell-side analysts forecast that APi Group Corporation will post 1.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. UBS Group lifted their price target on shares of APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a report on Friday, May 1st. Citigroup reaffirmed a “buy” rating and set a $53.00 price objective (up from $52.00) on shares of APi Group in a research note on Friday, May 1st. Weiss Ratings lowered shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Robert W. Baird set a $52.00 target price on shares of APi Group in a research note on Friday, May 1st. Finally, Barclays reissued an “overweight” rating and issued a $54.00 target price (up from $52.00) on shares of APi Group in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $53.83.

Insider Transactions at APi Group

In related news, Director James E. Lillie sold 59,461 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $45.50, for a total value of $2,705,475.50. Following the transaction, the director directly owned 9,237,350 shares in the company, valued at $420,299,425. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian G. H. Ashken sold 65,534 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $45.49, for a total transaction of $2,981,141.66. Following the completion of the transaction, the director directly owned 9,477,284 shares in the company, valued at approximately $431,121,649.16. The trade was a 0.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,451,000 shares of company stock valued at $149,194,935 over the last quarter. Corporate insiders own 18.70% of the company’s stock.

About APi Group

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.