State of Wyoming Raises Position in APi Group Corporation $APG

by · The Markets Daily

State of Wyoming increased its position in shares of APi Group Corporation (NYSE:APG – Free Report) by 607.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 29,033 shares of the company’s stock after purchasing an additional 24,927 shares during the period. State of Wyoming’s holdings in APi Group were worth $1,482,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in shares of APi Group by 5.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,420 shares of the company’s stock worth $194,000 after buying an additional 303 shares in the last quarter. Invesco Ltd. raised its position in APi Group by 553.9% in the first quarter. Invesco Ltd. now owns 1,125,213 shares of the company’s stock worth $40,238,000 after acquiring an additional 953,143 shares in the last quarter. Nuveen LLC acquired a new stake in APi Group in the first quarter valued at $19,058,000. HighTower Advisors LLC boosted its position in shares of APi Group by 16.3% during the 1st quarter. HighTower Advisors LLC now owns 16,674 shares of the company’s stock worth $596,000 after purchasing an additional 2,335 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of APi Group by 7.1% during the 1st quarter. Russell Investments Group Ltd. now owns 249,077 shares of the company’s stock worth $8,907,000 after purchasing an additional 16,419 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Zacks Research downgraded shares of APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of APi Group in a research note on Monday, December 8th. Barclays boosted their target price on APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Finally, Citigroup restated a “buy” rating and issued a $45.00 price target (up previously from $43.00) on shares of APi Group in a research report on Monday, December 8th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, APi Group presently has an average rating of “Moderate Buy” and a consensus price target of $38.81.

View Our Latest Analysis on APi Group

Insider Buying and Selling

In other APi Group news, Director Martin E. Franklin sold 340,000 shares of the business’s 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 completion of the transaction, the director directly owned 18,968,790 shares in the company, valued at approximately $684,583,631.10. The trade was a 1.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 900,000 shares of company stock valued at $32,342,000. 17.00% of the stock is currently owned by insiders.

APi Group Price Performance

Shares of NYSE:APG opened at $39.63 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. The business’s fifty day moving average price is $36.68 and its two-hundred day moving average price is $35.11. The stock has a market cap of $16.48 billion, a PE ratio of 108.09 and a beta of 1.72. APi Group Corporation has a one year low of $20.50 and a one year high of $40.58.

APi Group (NYSE:APG – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.01 billion. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The business’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 earnings per share. On average, analysts forecast that APi Group Corporation will post 1.83 EPS for the current fiscal year.

About APi Group

(Free Report)

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.

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