160,896 Shares in APi Group Corporation $APG Acquired by Arrow Capital Management LLC

Arrow Capital Management LLC acquired a new position in shares of APi Group Corporation (NYSE:APG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 160,896 shares of the company’s stock, valued at approximately $6,156,000. APi Group makes up 3.6% of Arrow Capital Management LLC’s holdings, making the stock its 11th biggest holding.

A number of other hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in shares of APi Group in the 4th quarter valued at $27,000. Clearstead Advisors LLC lifted its stake in shares of APi Group by 105.7% during the third quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock valued at $29,000 after acquiring an additional 427 shares during the period. Silicon Valley Capital Partners boosted its holdings in APi Group by 50.0% in the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after acquiring an additional 286 shares during the last quarter. Parallel Advisors LLC boosted its holdings in APi Group by 55.3% in the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after acquiring an additional 297 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in APi Group by 1,851.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock worth $29,000 after purchasing an additional 722 shares during the period. 86.62% of the stock is currently owned by institutional investors.

APi Group Trading Up 1.8%

NYSE:APG opened at $42.55 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79. APi Group Corporation has a 1-year low of $32.70 and a 1-year high of $49.99. The firm has a market capitalization of $18.43 billion, a price-to-earnings ratio of -59.93, a PEG ratio of 2.45 and a beta of 1.60. The business’s 50-day moving average price is $44.00 and its two-hundred day moving average price is $42.39.

APi Group (NYSE:APG) last posted its earnings results on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.92 billion. APi Group had a return on equity of 37.63% and a net margin of 3.85%.The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. On average, equities analysts expect that APi Group Corporation will post 1.7 earnings per share for the current year.

Insider Buying and Selling

In other APi Group news, Director Martin E. Franklin sold 2,000,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $42.08, for a total value of $84,160,000.00. Following the completion of the sale, the director owned 19,240,426 shares of the company’s stock, valued at approximately $809,637,126.08. This represents a 9.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Lillie sold 225,539 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $44.87, for a total transaction of $10,119,934.93. Following the completion of the sale, the director owned 9,296,811 shares in the company, valued at approximately $417,147,909.57. This trade represents a 2.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,444,000 shares of company stock valued at $148,897,645 in the last 90 days. 18.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on APG shares. Citigroup reissued a “buy” rating and set a $53.00 price objective (up from $52.00) on shares of APi Group in a report on Friday, May 1st. Truist Financial set a $55.00 target price on shares of APi Group and gave the company a “buy” rating in a research note on Friday, May 1st. UBS Group lifted their price target on shares of APi Group from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Wall Street Zen raised shares of APi Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Barclays restated an “overweight” rating and issued a $54.00 price objective (up from $52.00) on shares of APi Group in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.14.

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.