Sycale Advisors NY LLC Has $15.67 Million Stock Holdings in APi Group Corporation $APG

Sycale Advisors NY LLC lessened its position in shares of APi Group Corporation (NYSE:APG) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 409,551 shares of the company’s stock after selling 110,600 shares during the quarter. APi Group comprises 4.9% of Sycale Advisors NY LLC’s holdings, making the stock its 9th biggest position. Sycale Advisors NY LLC’s holdings in APi Group were worth $15,669,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Sound Income Strategies LLC bought a new position in shares of APi Group during the 4th quarter worth approximately $27,000. Cornerstone Planning Group LLC raised its stake in shares of APi Group by 14,720.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock worth $31,000 after acquiring an additional 736 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake 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 worth $29,000 after acquiring an additional 722 shares in the last quarter. IFP Advisors Inc raised its stake in shares of APi Group by 146.7% during the 4th quarter. IFP Advisors Inc now owns 824 shares of the company’s stock worth $32,000 after acquiring an additional 490 shares in the last quarter. Finally, Clearstead Advisors LLC raised its stake in shares of APi Group by 105.7% during the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after acquiring an additional 427 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. UBS Group boosted their price objective on shares of APi Group from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Barclays reiterated an “overweight” rating and set a $54.00 price objective (up from $52.00) on shares of APi Group in a research note on Thursday, May 7th. Robert W. Baird set a $52.00 target price on shares of APi Group in a research report on Friday, May 1st. Weiss Ratings downgraded shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Finally, Citigroup reissued a “buy” rating and set a $53.00 target price (up from $52.00) on shares of APi Group in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, APi Group has an average rating of “Moderate Buy” and an average target price of $52.14.

APi Group Stock Up 0.0%

NYSE:APG opened at $42.34 on Monday. The company has a market cap of $18.34 billion, a PE ratio of -59.64, a P/E/G ratio of 2.48 and a beta of 1.60. APi Group Corporation has a twelve month low of $31.75 and a twelve month 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 company’s 50 day moving average is $43.99 and its two-hundred day moving average is $42.31.

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

Insiders Place Their Bets

In other news, Director Ian G. H. Ashken sold 65,534 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $45.49, for a total value of $2,981,141.66. Following the sale, the director directly owned 9,477,284 shares of the company’s stock, valued at $431,121,649.16. This represents a 0.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $42.08, for a total transaction of $84,160,000.00. Following the completion of the sale, the director directly owned 19,240,426 shares in the company, valued at $809,637,126.08. This trade represents a 9.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 6,444,000 shares of company stock valued at $271,537,645. Insiders own 18.70% of the company’s stock.

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.