Natixis Advisors LLC Grows Stock Holdings in APi Group Corporation $APG

Natixis Advisors LLC grew its holdings in shares of APi Group Corporation (NYSE:APG) by 14.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 477,739 shares of the company’s stock after purchasing an additional 60,356 shares during the period. Natixis Advisors LLC’s holdings in APi Group were worth $18,279,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its holdings in APi Group by 0.3% in the 4th quarter. Arizona State Retirement System now owns 98,581 shares of the company’s stock worth $3,772,000 after acquiring an additional 277 shares during the last quarter. Silicon Valley Capital Partners raised its holdings in APi Group by 50.0% in 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 raised its holdings in APi Group by 55.3% in 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. Northwestern Mutual Investment Management Company LLC raised its holdings in APi Group by 0.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 82,817 shares of the company’s stock worth $3,169,000 after acquiring an additional 314 shares during the last quarter. Finally, Wedmont Private Capital raised its holdings in APi Group by 4.7% in the 4th quarter. Wedmont Private Capital now owns 7,655 shares of the company’s stock worth $314,000 after acquiring an additional 343 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 news, Director James E. Lillie sold 59,461 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $45.50, for a total transaction of $2,705,475.50. Following the completion of the sale, the director owned 9,237,350 shares of the company’s stock, valued at $420,299,425. The trade was a 0.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin E. Franklin sold 3,000,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $40.88, for a total transaction of $122,640,000.00. Following the sale, the director directly owned 21,240,426 shares of the company’s stock, valued at approximately $868,308,614.88. The trade was a 12.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 4,444,000 shares of company stock worth $187,377,645. Insiders own 18.70% of the company’s stock.

APi Group Price Performance

Shares of APG opened at $42.06 on Friday. The firm has a market cap of $18.22 billion, a PE ratio of -59.23, a P/E/G ratio of 2.49 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. The firm has a fifty day simple moving average of $43.78 and a two-hundred day simple moving average of $42.09. APi Group Corporation has a 1-year low of $31.40 and a 1-year high of $49.99.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on APG shares. 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. Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Citigroup restated a “buy” rating and issued a $53.00 price objective (up from $52.00) on shares of APi Group in a report on Friday, May 1st. Barclays restated an “overweight” rating and issued a $54.00 price objective (up from $52.00) on shares of APi Group in a report on Thursday, May 7th. Finally, Robert W. Baird set a $52.00 target price on shares of APi Group in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and an average price target of $52.14.

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.