Searle & CO. Raises Holdings in APi Group Corporation $APG

Searle & CO. grew its holdings in APi Group Corporation (NYSE:APG) by 50.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,249 shares of the company’s stock after buying an additional 29,083 shares during the quarter. Searle & CO.’s holdings in APi Group were worth $2,999,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bridges Investment Management Inc. increased its holdings in APi Group by 15.4% during the 2nd quarter. Bridges Investment Management Inc. now owns 70,610 shares of the company’s stock valued at $3,605,000 after acquiring an additional 9,435 shares in the last quarter. Rathbones Group PLC acquired a new stake in shares of APi Group in the second quarter valued at approximately $2,094,000. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of APi Group by 128.2% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 246,294 shares of the company’s stock worth $8,465,000 after purchasing an additional 138,369 shares in the last quarter. Campbell Newman Asset Management Inc. raised its position in shares of APi Group by 50.5% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 76,095 shares of the company’s stock worth $2,615,000 after purchasing an additional 25,519 shares during the last quarter. Finally, Capital Investment Services of America Inc. raised its position in shares of APi Group by 5.4% during the 2nd quarter. Capital Investment Services of America Inc. now owns 397,325 shares of the company’s stock worth $20,283,000 after purchasing an additional 20,337 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Trading Down 1.6%

NYSE APG opened at $41.56 on Friday. The company has a market cap of $17.29 billion, a P/E ratio of 113.35 and a beta of 1.70. APi Group Corporation has a 12 month low of $20.50 and a 12 month high of $43.75. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41. The company has a 50-day moving average of $40.19 and a 200-day moving average of $36.97.

APi Group (NYSE:APG) last released its earnings results on Thursday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the company earned $0.51 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, equities analysts predict that APi Group Corporation will post 1.83 earnings per share for the current year.

Insider Buying and Selling at APi Group

In related news, Director Martin E. Franklin sold 340,000 shares of APi Group stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total value of $12,270,600.00. Following the transaction, the director owned 18,968,790 shares in the company, valued at approximately $684,583,631.10. This trade represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony E. Malkin purchased 3,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were purchased at an average price of $39.58 per share, with a total value of $118,740.00. Following the completion of the purchase, the director directly owned 7,000 shares of the company’s stock, valued at $277,060. The trade was a 75.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 7,000 shares of company stock valued at $275,720 and have sold 900,000 shares valued at $32,342,000. 17.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. CJS Securities raised APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research report on Monday, December 22nd. UBS Group set a $49.00 target price on shares of APi Group and gave the company a “buy” rating in a research note on Thursday, January 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of APi Group in a research note on Tuesday, December 23rd. Finally, Barclays lifted their price target on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.24.

APi Group Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.