APi Group Corporation $APG Shares Acquired by Strs Ohio

Strs Ohio boosted its position in shares of APi Group Corporation (NYSE:APG) by 8.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 278,861 shares of the company’s stock after buying an additional 22,731 shares during the quarter. Strs Ohio owned 0.07% of APi Group worth $9,584,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Simplicity Wealth LLC acquired a new stake in APi Group in the 3rd quarter valued at about $250,000. Triad Wealth Partners LLC raised its holdings in shares of APi Group by 50.0% in the 3rd quarter. Triad Wealth Partners LLC now owns 6,064 shares of the company’s stock worth $208,000 after purchasing an additional 2,020 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in APi Group by 128.2% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 246,294 shares of the company’s stock valued at $8,465,000 after purchasing an additional 138,369 shares during the last quarter. Root Financial Partners LLC bought a new stake in APi Group during the third quarter worth approximately $32,000. Finally, Verdence Capital Advisors LLC boosted its holdings in APi Group by 48.9% during the third quarter. Verdence Capital Advisors LLC now owns 133,095 shares of the company’s stock worth $4,614,000 after buying an additional 43,684 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

APi Group Stock Down 1.4%

NYSE:APG opened at $41.81 on Monday. The business’s fifty day moving average price is $39.70 and its 200 day moving average price is $36.74. The firm has a market capitalization of $17.39 billion, a price-to-earnings ratio of 114.02 and a beta of 1.70. The company has a current ratio of 1.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.84. APi Group Corporation has a 1-year low of $20.50 and a 1-year high of $43.26.

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

Insider Buying and Selling

In other APi Group news, Director Martin E. Franklin sold 340,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $36.09, for a total value of $12,270,600.00. Following the transaction, the director owned 18,968,790 shares in the company, valued at approximately $684,583,631.10. This represents a 1.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony E. Malkin bought 3,000 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was bought at an average price of $39.58 per share, with a total value of $118,740.00. Following the transaction, the director owned 7,000 shares in the company, valued at approximately $277,060. This represents a 75.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 7,000 shares of company stock worth $275,720 and have sold 900,000 shares worth $32,342,000. Insiders own 17.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on APG shares. Truist Financial upped their price target on APi Group from $41.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Citigroup reaffirmed a “buy” rating and set a $49.00 target price (up from $45.00) on shares of APi Group in a report on Monday, January 12th. CJS Securities upgraded APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Barclays boosted 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. 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 issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.24.

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.