Gaddis Premier Wealth Advisors LLC Invests $717,000 in APi Group Corporation $APG

Gaddis Premier Wealth Advisors LLC acquired a new position in shares of APi Group Corporation (NYSE:APG) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,684 shares of the company’s stock, valued at approximately $717,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in APi Group by 4.0% in the 4th quarter. Janus Henderson Group PLC now owns 23,116,168 shares of the company’s stock worth $884,409,000 after acquiring an additional 887,729 shares during the period. Durable Capital Partners LP grew its position in shares of APi Group by 40.2% in the third quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock valued at $512,050,000 after purchasing an additional 4,274,610 shares during the last quarter. Viking Global Investors LP grew its position in shares of APi Group by 6.7% in the third quarter. Viking Global Investors LP now owns 12,306,277 shares of the company’s stock valued at $422,967,000 after purchasing an additional 768,759 shares during the last quarter. State Street Corp increased its stake in shares of APi Group by 0.8% in the fourth quarter. State Street Corp now owns 10,863,164 shares of the company’s stock worth $415,625,000 after purchasing an additional 91,388 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of APi Group by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 7,250,619 shares of the company’s stock worth $277,465,000 after purchasing an additional 624,529 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Truist Financial set a $55.00 target price on APi Group and gave the company a “buy” rating in a research note on Friday, May 1st. Wall Street Zen raised APi Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Citigroup reiterated a “buy” rating and set a $53.00 price target (up from $52.00) on shares of APi Group in a 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 note on Thursday, June 11th. Finally, Robert W. Baird set a $52.00 price objective on shares of APi Group in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.83.

APi Group Trading Down 1.0%

Shares of APG opened at $40.80 on Friday. APi Group Corporation has a 12-month low of $33.40 and a 12-month high of $49.99. The company has a quick ratio of 1.36, a current ratio of 1.44 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $17.67 billion, a price-to-earnings ratio of -57.46, a P/E/G ratio of 2.41 and a beta of 1.60. The stock’s 50-day moving average price is $42.05 and its 200 day moving average price is $42.76.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. APi Group had a return on equity of 37.63% and a net margin of 3.85%.The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the company earned $0.37 EPS. The company’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, research analysts predict that APi Group Corporation will post 1.71 earnings per share for the current year.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 225,539 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $44.87, for a total value of $10,119,934.93. Following the completion of the transaction, the director owned 9,296,811 shares in the company, valued at approximately $417,147,909.57. This represents a 2.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $42.08, for a total transaction of $84,160,000.00. Following the transaction, the director directly owned 19,240,426 shares of the company’s stock, valued at $809,637,126.08. The trade was a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,451,000 shares of company stock valued at $149,194,935 in the last ninety days. 18.70% of the stock is owned by company insiders.

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.