Mount Yale Investment Advisors LLC Invests $249,000 in APi Group Co. (NYSE:APG)

Mount Yale Investment Advisors LLC bought a new stake in APi Group Co. (NYSE:APG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,910 shares of the company’s stock, valued at approximately $249,000.

Other hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. purchased a new position in shares of APi Group in the 3rd quarter worth about $26,000. Blue Trust Inc. lifted its position in APi Group by 92.3% in the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after buying an additional 386 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in APi Group in the fourth quarter worth approximately $34,000. Avior Wealth Management LLC bought a new position in APi Group during the third quarter valued at approximately $33,000. Finally, SG Americas Securities LLC purchased a new position in shares of APi Group during the third quarter worth approximately $165,000. 86.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling at APi Group

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

APi Group Trading Up 1.0 %

Shares of APG stock opened at $37.46 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of -19.01 and a beta of 1.55. APi Group Co. has a 12-month low of $31.44 and a 12-month high of $40.89. The stock’s 50-day moving average price is $37.29 and its 200-day moving average price is $35.59.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The company 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 firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. Equities research analysts predict that APi Group Co. will post 1.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on APG shares. Robert W. Baird upped their price target on shares of APi Group from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, November 26th. Truist Financial started coverage on APi Group in a report on Wednesday, January 22nd. They set a “buy” rating and a $45.00 target price for the company. Citigroup decreased their price target on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. 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, January 14th. Finally, Barclays upped their price target on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.38.

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.