APi Group Corporation $APG Stock Position Increased by Capital World Investors

Capital World Investors lifted its position in APi Group Corporation (NYSE:APG) by 6.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,688,205 shares of the company’s stock after buying an additional 107,328 shares during the quarter. Capital World Investors’ holdings in APi Group were worth $64,591,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC bought a new stake in shares of APi Group in the 4th quarter worth $27,000. Clearstead Advisors LLC raised its stake in shares of APi Group by 105.7% in the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after buying an additional 427 shares in the last quarter. Silicon Valley Capital Partners raised its stake in shares of 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 buying an additional 286 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of 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 buying an additional 297 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its stake in shares of APi Group by 14,720.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock worth $31,000 after buying an additional 736 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 225,539 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $44.87, for a total value of $10,119,934.93. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian G. H. Ashken sold 1,018,466 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $44.73, for a total value of $45,555,984.18. Following the completion of the transaction, the director owned 9,542,818 shares in the company, valued at $426,850,249.14. This trade represents a 9.64% 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. Insiders have sold 4,444,000 shares of company stock worth $187,377,645 over the last 90 days. 18.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APG. Citigroup restated a “buy” rating and issued a $53.00 target price (up from $52.00) on shares of APi Group in a report on Friday, May 1st. Weiss Ratings restated a “hold (c)” rating on shares of APi Group in a report on Tuesday, May 26th. Royal Bank Of Canada lifted their target price on APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Barclays restated an “overweight” rating and issued a $54.00 target price (up from $52.00) on shares of APi Group in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.14.

APi Group Stock Performance

Shares of NYSE APG opened at $43.70 on Wednesday. The business’s 50-day moving average price is $43.89 and its two-hundred day moving average price is $42.20. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.44 and a quick ratio of 1.36. APi Group Corporation has a one year low of $31.40 and a one year high of $49.99. The company has a market capitalization of $18.93 billion, a P/E ratio of -61.55, a price-to-earnings-growth ratio of 2.48 and a beta of 1.60.

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

About APi Group

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.