Redhawk Wealth Advisors Inc. Sells 1,183 Shares of APi Group Co. (NYSE:APG)

Redhawk Wealth Advisors Inc. lowered its stake in APi Group Co. (NYSE:APG) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,828 shares of the company’s stock after selling 1,183 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in APi Group were worth $1,109,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Advantage Alpha Capital Partners LP lifted its holdings in APi Group by 79.6% in the third quarter. Advantage Alpha Capital Partners LP now owns 269,087 shares of the company’s stock valued at $8,885,000 after acquiring an additional 119,229 shares during the period. GSA Capital Partners LLP bought a new stake in APi Group during the third quarter valued at approximately $881,000. Dynamic Technology Lab Private Ltd bought a new position in APi Group in the third quarter worth approximately $2,586,000. Oppenheimer Asset Management Inc. grew its position in shares of APi Group by 60.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 99,647 shares of the company’s stock valued at $3,290,000 after acquiring an additional 37,531 shares during the period. Finally, ING Groep NV purchased a new stake in shares of APi Group in the 3rd quarter worth $3,213,000. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APG has been the subject of a number of analyst reports. Citigroup reduced their price target on APi Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Monday. William Blair restated an “outperform” rating on shares of APi Group in a research note on Thursday, December 5th. Robert W. Baird lifted their target price on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, November 26th. Barclays increased their price target on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada raised APi Group from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Tuesday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.14.

Insiders Place Their Bets

In other news, Director James E. Lillie sold 11,568 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.98, for a total value of $427,784.64. Following the sale, the director now owns 1,134,635 shares of the company’s stock, valued at approximately $41,958,802.30. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ian G. H. Ashken sold 53,868 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $36.87, for a total transaction of $1,986,113.16. Following the completion of the sale, the director now owns 5,478,779 shares of the company’s stock, valued at $202,002,581.73. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. 18.20% of the stock is currently owned by insiders.

APi Group Price Performance

Shares of APG stock opened at $37.37 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96. APi Group Co. has a 12-month low of $31.16 and a 12-month high of $40.89. The stock’s 50-day moving average price is $37.04 and its 200-day moving average price is $35.53.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.87 billion. APi Group had a return on equity of 33.89% and a net margin of 3.01%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. Analysts expect that APi Group Co. will post 1.83 earnings per share for the current year.

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.