Centaurus Financial Inc. Raises Position in APi Group Co. (NYSE:APG)

Centaurus Financial Inc. grew its position in APi Group Co. (NYSE:APG) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,730 shares of the company’s stock after acquiring an additional 1,242 shares during the period. Centaurus Financial Inc.’s holdings in APi Group were worth $3,755,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new stake in APi Group during the third quarter worth about $26,000. Avior Wealth Management LLC purchased a new stake in APi Group during the third quarter worth about $33,000. J.Safra Asset Management Corp raised its position in APi Group by 21.5% during the second quarter. J.Safra Asset Management Corp now owns 2,104 shares of the company’s stock worth $79,000 after acquiring an additional 373 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in APi Group during the second quarter worth about $132,000. Finally, SG Americas Securities LLC acquired a new position in APi Group during the third quarter worth about $165,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Buying and Selling

In other news, Director James E. Lillie sold 11,568 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $36.98, for a total transaction of $427,784.64. Following the completion of the transaction, the director now directly owns 1,134,635 shares of the company’s stock, valued at $41,958,802.30. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Louis Lambert sold 5,679 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $36.04, for a total transaction of $204,671.16. Following the transaction, the senior vice president now directly owns 2,421 shares of the company’s stock, valued at $87,252.84. This represents a 70.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,115 shares of company stock worth $2,618,569 in the last 90 days. Corporate insiders own 18.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of APi Group from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Robert W. Baird cut their price objective on shares of APi Group from $43.00 to $42.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $45.00 price objective on shares of APi Group in a research report on Friday, November 1st. Finally, Barclays boosted their price objective on shares of APi Group from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, APi Group currently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

APi Group Price Performance

Shares of APi Group stock opened at $37.01 on Friday. APi Group Co. has a 1-year low of $29.75 and a 1-year high of $39.98. The firm has a fifty day simple moving average of $34.38 and a 200-day simple moving average of $35.53. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of -18.79 and a beta of 1.54. The company has a current ratio of 1.51, a quick ratio of 1.42 and a debt-to-equity ratio of 0.96.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. APi Group had a net margin of 3.01% and a return on equity of 33.89%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. On average, sell-side analysts expect that APi Group Co. will post 1.86 earnings per share for the current year.

APi Group 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.