Dynamic Technology Lab Private Ltd Buys New Holdings in APi Group Corporation $APG

Dynamic Technology Lab Private Ltd purchased a new position in APi Group Corporation (NYSE:APG) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 35,373 shares of the company’s stock, valued at approximately $1,216,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Clearstead Advisors LLC grew its holdings in APi Group by 105.7% during the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock valued at $29,000 after buying an additional 427 shares in the last quarter. Parallel Advisors LLC raised its position in shares of APi Group by 55.3% during the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after buying an additional 297 shares during the last quarter. Bares Capital Management Inc. purchased a new position in shares of APi Group in the second quarter worth $30,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of APi Group in the third quarter worth $31,000. Finally, Root Financial Partners LLC bought a new position in shares of APi Group during the third quarter worth $32,000. 86.62% of the stock is currently owned by institutional investors.

Insider Transactions at APi Group

In other news, SVP Louis Lambert sold 22,000 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $44.71, for a total value of $983,620.00. Following the sale, the senior vice president directly owned 16,148 shares in the company, valued at $721,977.08. The trade was a 57.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ian G. H. Ashken sold 72,546 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $42.94, for a total transaction of $3,115,125.24. Following the sale, the director owned 10,561,284 shares in the company, valued at $453,501,534.96. This represents a 0.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 682,000 shares of company stock worth $29,693,385 in the last three months. Insiders own 17.00% of the company’s stock.

APi Group Trading Down 0.7%

APG stock opened at $41.81 on Monday. The firm has a fifty day moving average price of $42.60 and a 200 day moving average price of $38.57. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $46.89. The firm has a market cap of $18.04 billion, a PE ratio of -55.26, a price-to-earnings-growth ratio of 2.50 and a beta of 1.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.43 and a current ratio of 1.50.

APi Group (NYSE:APG) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. APi Group had a net margin of 3.70% and a return on equity of 37.92%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. APi Group’s revenue was up 13.8% on a year-over-year basis. Sell-side analysts anticipate that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on APG. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. UBS Group boosted their price target on shares of APi Group from $49.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. CJS Securities raised shares of APi Group to a “strong-buy” rating in a report on Thursday, December 11th. Truist Financial raised their price objective on APi Group from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Citigroup lifted their target price on APi Group from $49.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $48.57.

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.