APi Group Corporation $APG Stake Lifted by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its position in shares of APi Group Corporation (NYSE:APG) by 50.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,550 shares of the company’s stock after acquiring an additional 24,850 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in APi Group were worth $2,562,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. State Street Corp lifted its position in APi Group by 83.2% in the 2nd quarter. State Street Corp now owns 7,150,845 shares of the company’s stock valued at $365,051,000 after purchasing an additional 3,247,126 shares during the last quarter. Norges Bank acquired a new stake in APi Group in the second quarter worth about $154,149,000. Durable Capital Partners LP grew its position in APi Group by 19.2% in the 2nd quarter. Durable Capital Partners LP now owns 10,623,568 shares of the company’s stock valued at $542,333,000 after buying an additional 1,712,397 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in APi Group by 38.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,738,403 shares of the company’s stock valued at $162,954,000 after buying an additional 1,316,971 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in shares of APi Group during the 3rd quarter worth about $45,203,000. Institutional investors own 86.62% of the company’s stock.

Analysts Set New Price Targets

APG has been the subject of several recent analyst reports. CJS Securities upgraded shares of APi Group to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research lowered APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Barclays lifted their price target on APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research report on Monday, December 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of APi Group in a report on Tuesday, December 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and an average price target of $39.38.

Insider Activity at APi Group

In other APi Group news, Director Anthony E. Malkin bought 3,000 shares of APi Group stock in a transaction dated Wednesday, December 10th. The stock was bought at an average price of $39.58 per share, for a total transaction of $118,740.00. Following the completion of the acquisition, the director directly owned 7,000 shares of the company’s stock, valued at approximately $277,060. This trade represents a 75.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Martin E. Franklin sold 340,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total value of $12,270,600.00. Following the completion of the sale, the director directly owned 18,968,790 shares of the company’s stock, valued at approximately $684,583,631.10. This trade represents a 1.76% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders purchased 7,000 shares of company stock valued at $275,720 and sold 900,000 shares valued at $32,342,000. 17.00% of the stock is currently owned by corporate insiders.

APi Group Stock Up 1.6%

Shares of APi Group stock opened at $42.55 on Tuesday. APi Group Corporation has a 12-month low of $20.50 and a 12-month high of $42.76. The firm has a market capitalization of $17.70 billion, a PE ratio of 116.06 and a beta of 1.70. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84. The stock’s fifty day moving average is $38.71 and its 200-day moving average is $36.21.

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

APi Group 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.