APi Group Corporation $APG Shares Acquired by Equitable Trust Co.

Equitable Trust Co. lifted its holdings in APi Group Corporation (NYSE:APG) by 49.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,067 shares of the company’s stock after purchasing an additional 16,567 shares during the quarter. Equitable Trust Co.’s holdings in APi Group were worth $1,721,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Koshinski Asset Management Inc. grew its position in APi Group by 39.2% in the 3rd quarter. Koshinski Asset Management Inc. now owns 7,417 shares of the company’s stock valued at $255,000 after buying an additional 2,088 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of APi Group by 44.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 14,115 shares of the company’s stock worth $485,000 after acquiring an additional 4,362 shares during the period. Citigroup Inc. boosted its holdings in shares of APi Group by 157.4% in the third quarter. Citigroup Inc. now owns 181,397 shares of the company’s stock valued at $6,235,000 after acquiring an additional 110,911 shares in the last quarter. Personal CFO Solutions LLC increased its stake in shares of APi Group by 49.3% during the third quarter. Personal CFO Solutions LLC now owns 6,746 shares of the company’s stock valued at $232,000 after acquiring an additional 2,229 shares during the period. Finally, Tredje AP fonden raised its holdings in APi Group by 10.1% during the third quarter. Tredje AP fonden now owns 52,975 shares of the company’s stock worth $1,821,000 after purchasing an additional 4,869 shares in the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Trading Down 1.2%

Shares of NYSE APG opened at $44.10 on Tuesday. The business has a 50 day simple moving average of $41.76 and a 200 day simple moving average of $38.03. APi Group Corporation has a 52 week low of $20.50 and a 52 week high of $46.11. The stock has a market cap of $18.34 billion, a price-to-earnings ratio of 120.29 and a beta of 1.70. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48.

Analyst Ratings Changes

APG has been the subject of a number of research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of APi Group in a research note on Tuesday, December 23rd. UBS Group set a $49.00 target price on APi Group and gave the company a “buy” rating in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of APi Group in a report on Monday, December 22nd. CJS Securities raised shares of APi Group to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Barclays raised their price objective 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.24.

Insider Buying and Selling

In other APi Group news, Director Anthony E. Malkin bought 3,000 shares of the stock in a transaction on Wednesday, December 10th. The shares were purchased at an average cost of $39.58 per share, with a total value of $118,740.00. Following the completion of the transaction, the director directly owned 7,000 shares of the company’s stock, valued at $277,060. This represents a 75.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have acquired 7,000 shares of company stock worth $275,720 over the last 90 days. Corporate insiders own 17.00% 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.