DHK Financial Advisors Inc. Invests $785,000 in APi Group Co. (NYSE:APG)

DHK Financial Advisors Inc. purchased a new stake in APi Group Co. (NYSE:APG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,869 shares of the company’s stock, valued at approximately $785,000.

Several other institutional investors and hedge funds have also made changes to their positions in APG. Nomura Asset Management Co. Ltd. raised its position in APi Group by 43.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,280 shares of the company’s stock valued at $44,000 after purchasing an additional 390 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of APi Group by 100.9% during the first quarter. Whittier Trust Co. now owns 1,497 shares of the company’s stock worth $59,000 after buying an additional 752 shares during the last quarter. J.Safra Asset Management Corp increased its position in APi Group by 81.3% in the 1st quarter. J.Safra Asset Management Corp now owns 1,731 shares of the company’s stock valued at $68,000 after acquiring an additional 776 shares during the period. Motco acquired a new position in APi Group in the 1st quarter valued at about $83,000. Finally, Triad Wealth Partners LLC acquired a new stake in APi Group during the 2nd quarter worth approximately $132,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Price Performance

Shares of NYSE:APG opened at $34.45 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.48 and a quick ratio of 1.38. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of -16.02, a price-to-earnings-growth ratio of 0.99 and a beta of 1.56. The business’s 50 day simple moving average is $35.26 and its 200-day simple moving average is $36.90. APi Group Co. has a 12 month low of $24.61 and a 12 month high of $39.98.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. APi Group had a net margin of 2.81% and a return on equity of 36.53%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the company posted $0.41 EPS. The company’s revenue was down 2.3% on a year-over-year basis. As a group, equities analysts forecast that APi Group Co. will post 1.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Barclays cut their price target on APi Group from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Robert W. Baird reduced their target price on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.86.

Insider Buying and Selling

In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $35.26, for a total transaction of $6,288,479.96. Following the sale, the director now directly owns 14,267,479 shares of the company’s stock, valued at approximately $503,071,309.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other APi Group news, Director Martin E. Franklin sold 178,346 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $35.26, for a total value of $6,288,479.96. Following the completion of the transaction, the director now directly owns 14,267,479 shares in the company, valued at approximately $503,071,309.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Louis Lambert sold 5,679 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $36.04, for a total value of $204,671.16. Following the sale, the senior vice president now owns 2,421 shares in the company, valued at approximately $87,252.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 340,358 shares of company stock worth $11,653,157. 16.40% of the stock is owned by corporate insiders.

About APi Group

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.