Strs Ohio Purchases 34,315 Shares of APi Group Corporation $APG
by Teresa Graham · The Cerbat GemStrs Ohio boosted its position in APi Group Corporation (NYSE:APG – Free Report) by 12.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 313,176 shares of the company’s stock after buying an additional 34,315 shares during the period. Strs Ohio owned approximately 0.08% of APi Group worth $11,982,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. AQR Capital Management LLC bought a new stake in shares of APi Group during the 1st quarter valued at about $650,000. Goldman Sachs Group Inc. increased its holdings in APi Group by 73.6% in the first quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company’s stock worth $6,369,000 after purchasing an additional 75,490 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in APi Group by 547.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company’s stock worth $65,000 after purchasing an additional 1,078 shares in the last quarter. First Trust Advisors LP lifted its stake in APi Group by 166.5% in the second quarter. First Trust Advisors LP now owns 173,569 shares of the company’s stock valued at $8,861,000 after buying an additional 108,447 shares during the period. Finally, Cresset Asset Management LLC boosted its holdings in shares of APi Group by 5.7% during the 2nd quarter. Cresset Asset Management LLC now owns 11,305 shares of the company’s stock worth $577,000 after buying an additional 612 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.
APi Group Stock Performance
Shares of APi Group stock opened at $44.63 on Tuesday. APi Group Corporation has a 52 week low of $27.97 and a 52 week high of $49.99. The company has a quick ratio of 1.36, a current ratio of 1.44 and a debt-to-equity ratio of 0.79. The business has a 50 day moving average price of $43.69 and a 200-day moving average price of $40.94. The company has a market cap of $19.34 billion, a PE ratio of -62.86, a price-to-earnings-growth ratio of 2.72 and a beta of 1.67.
APi Group (NYSE:APG – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.92 billion. APi Group had a return on equity of 37.63% and a net margin of 3.85%.APi Group’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 earnings per share. Equities analysts anticipate that APi Group Corporation will post 1.69 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on APG. Royal Bank Of Canada raised their price objective on shares of APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Barclays raised their price target on shares of APi Group from $44.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Citigroup reaffirmed a “buy” rating and issued a $53.00 price target (up from $52.00) on shares of APi Group in a research note on Friday. Wall Street Zen raised shares of APi Group from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, UBS Group raised their target price on APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, APi Group has a consensus rating of “Moderate Buy” and an average price target of $51.86.
Insiders Place Their Bets
In other news, Director Ian G. H. Ashken sold 114,409 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $43.12, for a total value of $4,933,316.08. Following the completion of the sale, the director owned 10,633,830 shares in the company, valued at $458,530,749.60. This represents a 1.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James E. Lillie sold 100,888 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $44.30, for a total transaction of $4,469,338.40. Following the completion of the sale, the director owned 9,706,462 shares of the company’s stock, valued at approximately $429,996,266.60. This represents a 1.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,682,000 shares of company stock valued at $152,333,385 in the last three months. 18.70% of the stock is currently owned by insiders.
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.
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