Capital Investment Services of America Inc. Has $21.27 Million Position in APi Group Corporation $APG

Capital Investment Services of America Inc. raised its stake in shares of APi Group Corporation (NYSE:APG) by 55.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 618,838 shares of the company’s stock after purchasing an additional 221,513 shares during the period. APi Group accounts for 1.9% of Capital Investment Services of America Inc.’s portfolio, making the stock its 26th largest holding. Capital Investment Services of America Inc. owned 0.15% of APi Group worth $21,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of APG. New York State Common Retirement Fund boosted its holdings in shares of APi Group by 51.2% during the 3rd quarter. New York State Common Retirement Fund now owns 150,470 shares of the company’s stock worth $5,172,000 after buying an additional 50,920 shares during the period. Federated Hermes Inc. lifted its position in APi Group by 54.7% during the 3rd quarter. Federated Hermes Inc. now owns 99,082 shares of the company’s stock worth $3,405,000 after acquiring an additional 35,045 shares during the last quarter. Truist Financial Corp boosted its holdings in APi Group by 29.5% during the third quarter. Truist Financial Corp now owns 189,800 shares of the company’s stock valued at $6,523,000 after acquiring an additional 43,202 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of APi Group by 55.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 26,451 shares of the company’s stock valued at $910,000 after purchasing an additional 9,389 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of APi Group by 41.1% in the third quarter. Mutual of America Capital Management LLC now owns 170,940 shares of the company’s stock worth $5,875,000 after purchasing an additional 49,793 shares during the period. Institutional investors own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on APG shares. CJS Securities raised APi Group to a “strong-buy” rating in a report on Thursday, December 11th. Royal Bank Of Canada reissued an “outperform” rating on shares of APi Group in a research report on Tuesday, December 23rd. Citigroup reaffirmed a “buy” rating and set a $49.00 target price (up previously from $45.00) on shares of APi Group in a research report on Monday, January 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. Finally, Truist Financial raised their price target on shares of APi Group from $41.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.24.

APi Group Stock Up 0.6%

Shares of APG stock opened at $42.19 on Friday. APi Group Corporation has a one year low of $20.50 and a one year high of $43.75. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41. The stock has a fifty day moving average price of $40.10 and a 200 day moving average price of $36.92. The stock has a market cap of $17.55 billion, a P/E ratio of 115.06 and a beta of 1.70.

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

Insider Transactions at APi Group

In related news, Director Martin E. Franklin sold 340,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total transaction of $12,270,600.00. Following the completion of the transaction, the director owned 18,968,790 shares in the company, valued at $684,583,631.10. This trade 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 purchased 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average cost of $39.58 per share, for a total transaction of $118,740.00. Following the purchase, the director owned 7,000 shares in the company, valued at $277,060. This represents a 75.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 7,000 shares of company stock valued at $275,720 and have sold 900,000 shares valued at $32,342,000. 17.00% of the stock is owned by company 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.