Anthony Malkin Acquires 2,000 Shares of APi Group (NYSE:APG) Stock

APi Group Corporation (NYSE:APG) Director Anthony Malkin bought 2,000 shares of the company’s stock in a transaction dated Friday, December 5th. The stock was bought at an average cost of $39.03 per share, with a total value of $78,060.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at approximately $156,120. This trade represents a 100.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

APi Group Price Performance

Shares of NYSE APG opened at $41.90 on Friday. APi Group Corporation has a 1 year low of $20.50 and a 1 year high of $41.93. The stock has a market capitalization of $17.42 billion, a P/E ratio of 114.26 and a beta of 1.70. The company’s 50-day moving average is $38.58 and its 200 day moving average is $36.13. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the business posted $0.51 earnings per share. APi Group’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, sell-side analysts expect that APi Group Corporation will post 1.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on APG shares. Barclays increased their price objective on APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. CJS Securities raised shares of APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Citigroup reissued a “buy” rating and set a $45.00 price target (up from $43.00) on shares of APi Group in a research report on Monday, December 8th. Zacks Research lowered shares of APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.81.

Institutional Trading of APi Group

Several institutional investors have recently bought and sold shares of the company. Congress Asset Management Co. bought a new stake in APi Group during the 4th quarter valued at about $49,665,000. SG Americas Securities LLC grew its holdings in shares of APi Group by 21.5% during the fourth quarter. SG Americas Securities LLC now owns 37,413 shares of the company’s stock valued at $1,431,000 after buying an additional 6,631 shares during the last quarter. Park Place Capital Corp purchased a new stake in shares of APi Group during the fourth quarter valued at approximately $62,000. Diversified Trust Co. bought a new stake in shares of APi Group during the fourth quarter valued at approximately $2,014,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in APi Group by 23.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 38,746 shares of the company’s stock worth $1,596,000 after acquiring an additional 7,367 shares during the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

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.