APi Group Corporation $APG is M.D. Sass LLC’s 5th Largest Position

M.D. Sass LLC grew its position in shares of APi Group Corporation (NYSE:APG) by 3.4% in the fourth quarter, Holdings Channel reports. The firm owned 2,005,327 shares of the company’s stock after purchasing an additional 66,753 shares during the period. APi Group comprises approximately 6.0% of M.D. Sass LLC’s holdings, making the stock its 5th biggest position. M.D. Sass LLC’s holdings in APi Group were worth $76,724,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in shares of APi Group during the 4th quarter valued at $27,000. Clearstead Advisors LLC grew its position in shares of APi Group by 105.7% during the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock valued at $29,000 after purchasing an additional 427 shares in the last quarter. Silicon Valley Capital Partners lifted its holdings in shares of APi Group by 50.0% during the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock worth $29,000 after acquiring an additional 286 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of APi Group by 55.3% during the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after acquiring an additional 297 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of APi Group by 14,720.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock worth $31,000 after acquiring an additional 736 shares during the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at APi Group

In other APi Group news, Director Martin E. Franklin sold 3,000,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $40.88, for a total value of $122,640,000.00. Following the transaction, the director owned 21,240,426 shares in the company, valued at approximately $868,308,614.88. The trade was a 12.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James E. Lillie sold 225,539 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $44.87, for a total transaction of $10,119,934.93. Following the completion of the transaction, the director owned 9,296,811 shares in the company, valued at $417,147,909.57. The trade was a 2.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 4,444,000 shares of company stock worth $187,377,645. 18.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on APG. UBS Group lifted their price objective on shares of APi Group from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Robert W. Baird set a $52.00 price objective on shares of APi Group in a report on Friday, May 1st. Truist Financial set a $55.00 price objective on shares of APi Group and gave the stock a “buy” rating in a report on Friday, May 1st. Citigroup reaffirmed a “buy” rating and set a $53.00 price objective (up from $52.00) on shares of APi Group in a report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of APi Group in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, APi Group has a consensus rating of “Moderate Buy” and an average target price of $52.14.

APi Group Price Performance

APG stock opened at $41.73 on Wednesday. The firm’s 50-day moving average price is $43.72 and its two-hundred day moving average price is $41.99. APi Group Corporation has a 12-month low of $31.33 and a 12-month high of $49.99. The stock has a market capitalization of $18.08 billion, a price-to-earnings ratio of -58.78, a PEG ratio of 2.38 and a beta of 1.60. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the company earned $0.37 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, equities analysts predict that APi Group Corporation will post 1.7 earnings per share for the current year.

APi Group Company 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.