APi Group Co. (NYSE:APG) Shares Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC raised its holdings in APi Group Co. (NYSE:APG) by 45.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 175,000 shares of the company’s stock after purchasing an additional 55,000 shares during the period. Wolverine Asset Management LLC owned about 0.07% of APi Group worth $6,055,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in APG. Toronto Dominion Bank bought a new stake in shares of APi Group in the 3rd quarter valued at approximately $30,000. Signaturefd LLC increased its holdings in shares of APi Group by 40.2% in the 4th quarter. Signaturefd LLC now owns 3,617 shares of the company’s stock valued at $125,000 after acquiring an additional 1,038 shares during the last quarter. Hanseatic Management Services Inc. bought a new stake in shares of APi Group in the 3rd quarter valued at approximately $152,000. Leverty Financial Group LLC bought a new stake in shares of APi Group in the 4th quarter valued at approximately $219,000. Finally, Sfmg LLC bought a new stake in shares of APi Group in the 4th quarter valued at approximately $244,000. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Stock Performance

Shares of APG traded up $1.21 during trading hours on Tuesday, reaching $38.42. 1,987,225 shares of the company’s stock traded hands, compared to its average volume of 1,581,904. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of -50.55, a P/E/G ratio of 1.09 and a beta of 1.64. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.43 and a quick ratio of 1.35. APi Group Co. has a twelve month low of $21.56 and a twelve month high of $39.98. The business’s fifty day simple moving average is $37.74 and its two-hundred day simple moving average is $32.98.

APi Group (NYSE:APG) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. APi Group had a return on equity of 20.24% and a net margin of 2.21%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the company earned $0.36 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Analysts predict that APi Group Co. will post 1.87 earnings per share for the current year.

Insider Activity at APi Group

In related news, CFO Kevin Krumm sold 5,585 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total transaction of $199,496.20. Following the completion of the transaction, the chief financial officer now owns 34,180 shares of the company’s stock, valued at $1,220,909.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director James E. Lillie sold 125,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $38.38, for a total value of $4,797,500.00. Following the completion of the transaction, the director now owns 5,455,411 shares in the company, valued at approximately $209,378,674.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Krumm sold 5,585 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $35.72, for a total value of $199,496.20. Following the completion of the transaction, the chief financial officer now owns 34,180 shares of the company’s stock, valued at approximately $1,220,909.60. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

Wall Street Analysts Forecast Growth

APG has been the subject of a number of research analyst reports. Jefferies Financial Group started coverage on APi Group in a report on Friday, March 15th. They issued a “buy” rating and a $48.00 price target for the company. Citigroup upped their price objective on APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Royal Bank of Canada upped their price objective on APi Group from $36.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Monday, April 8th. UBS Group upped their price objective on APi Group from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, Barclays upped their price objective on APi Group from $37.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $44.29.

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.