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

APi Group Corporation (NYSE:APG) Director Anthony Malkin purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were purchased at an average cost of $39.46 per share, for a total transaction of $78,920.00. Following the completion of the transaction, the director directly owned 2,000 shares of the company’s stock, valued at $78,920. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

APi Group Trading Up 3.5%

Shares of APG stock opened at $41.90 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 company has a market capitalization of $17.42 billion, a price-to-earnings ratio of 114.26 and a beta of 1.70. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $41.93. The company has a 50-day simple moving average of $38.58 and a two-hundred day simple moving average of $36.13.

APi Group (NYSE:APG) last announced its earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm 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 company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. Research analysts anticipate that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of APi Group in a report on Tuesday, December 23rd. CJS Securities raised shares of APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Barclays increased their target price on shares of APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Zacks Research cut shares of APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, APi Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.81.

Institutional Trading of APi Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its holdings in APi Group by 6.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 77,802 shares of the company’s stock worth $3,972,000 after purchasing an additional 4,919 shares in the last quarter. Bridges Investment Management Inc. increased its position in shares of APi Group by 15.4% during the second quarter. Bridges Investment Management Inc. now owns 70,610 shares of the company’s stock valued at $3,605,000 after buying an additional 9,435 shares during the period. Rathbones Group PLC purchased a new stake in shares of APi Group in the second quarter worth about $2,094,000. Capital Investment Services of America Inc. boosted its position in shares of APi Group by 5.4% in the second quarter. Capital Investment Services of America Inc. now owns 397,325 shares of the company’s stock valued at $20,283,000 after acquiring an additional 20,337 shares during the period. Finally, Equitable Trust Co. grew its stake in APi Group by 60.5% during the second quarter. Equitable Trust Co. now owns 33,500 shares of the company’s stock valued at $1,710,000 after acquiring an additional 12,630 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

APi Group Company Profile

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.