APi Group Corporation $APG Stock Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in APi Group Corporation (NYSE:APG) by 31.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 47,400 shares of the company’s stock after buying an additional 11,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in APi Group were worth $1,830,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Root Financial Partners LLC grew its position in shares of APi Group by 20.3% during the 1st quarter. Root Financial Partners LLC now owns 1,256 shares of the company’s stock valued at $51,000 after buying an additional 212 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in APi Group by 55.7% in the third quarter. CoreCap Advisors LLC now owns 716 shares of the company’s stock worth $28,000 after acquiring an additional 256 shares during the last quarter. Arista Wealth Management LLC lifted its holdings in APi Group by 1.4% in the second quarter. Arista Wealth Management LLC now owns 19,125 shares of the company’s stock worth $810,000 after acquiring an additional 270 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in APi Group by 2.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 11,932 shares of the company’s stock worth $461,000 after acquiring an additional 274 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in APi Group by 0.5% in the second quarter. Baird Financial Group Inc. now owns 61,525 shares of the company’s stock valued at $2,606,000 after acquiring an additional 277 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on APi Group from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Wells Fargo & Company raised their price target on APi Group from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Weiss Ratings upgraded APi Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 21st. UBS Group set a $52.00 price objective on APi Group in a research report on Monday, July 20th. Finally, Jefferies Financial Group restated a “buy” rating and set a $56.00 price objective on shares of APi Group in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $54.67.

APi Group Trading Up 2.4%

Shares of NYSE:APG opened at $46.39 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.18 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average price is $39.83 and its 200 day moving average price is $41.96. The company has a market cap of $19.73 billion, a PE ratio of 26.65, a P/E/G ratio of 1.92 and a beta of 1.57. APi Group Corporation has a fifty-two week low of $34.87 and a fifty-two week high of $49.99.

APi Group (NYSE:APG) last posted its earnings results on Thursday, October 29th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03. APi Group had a net margin of 4.12% and a return on equity of 38.31%. The firm had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. APi Group’s quarterly revenue was up 22.5% on a year-over-year basis. Sell-side analysts anticipate that APi Group Corporation will post 1.76 earnings per share for the current year.

APi Group Company Profile

APi Group Corporation (NYSE: APG) is a global provider of safety, specialty and industrial services. The company serves commercial, industrial and infrastructure customers through a network of operating businesses that provide services designed to protect people, property and critical assets.

APi Group’s offerings include fire protection and life-safety systems, security services, heating, ventilation and air-conditioning services, industrial maintenance, specialty contracting and infrastructure services.