J.W. Cole Advisors Inc. acquired a new position in shares of APi Group Corporation (NYSE:APG – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 21,231 shares of the company’s stock, valued at approximately $812,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of APG. Vanguard Group Inc. increased its position in APi Group by 49.6% during the third quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company’s stock worth $1,207,719,000 after purchasing an additional 11,644,990 shares during the last quarter. Norges Bank acquired a new stake in APi Group during the fourth quarter worth about $181,066,000. Durable Capital Partners LP increased its position in shares of APi Group by 40.2% during the third quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock valued at $512,050,000 after acquiring an additional 4,274,610 shares during the last quarter. State Street Corp increased its position in shares of APi Group by 50.6% during the third quarter. State Street Corp now owns 10,771,776 shares of the company’s stock valued at $370,226,000 after acquiring an additional 3,620,931 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of APi Group by 224.6% during the third quarter. Invesco Ltd. now owns 5,109,902 shares of the company’s stock valued at $175,627,000 after acquiring an additional 3,535,682 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.
APi Group Trading Down 5.0%
NYSE APG opened at $41.50 on Thursday. The firm has a 50 day simple moving average of $43.93 and a 200-day simple moving average of $42.23. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.36 and a current ratio of 1.44. APi Group Corporation has a one year low of $31.72 and a one year high of $49.99. The firm has a market cap of $17.98 billion, a price-to-earnings ratio of -58.44, a PEG ratio of 2.57 and a beta of 1.60.
Insider Activity
In other news, Director James E. Lillie sold 225,539 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $44.87, for a total value of $10,119,934.93. Following the completion of the transaction, the director owned 9,296,811 shares of the company’s stock, valued at approximately $417,147,909.57. This trade represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian G. H. Ashken sold 1,018,466 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $44.73, for a total transaction of $45,555,984.18. Following the completion of the transaction, the director directly owned 9,542,818 shares of the company’s stock, valued at approximately $426,850,249.14. The trade was a 9.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 4,444,000 shares of company stock valued at $187,377,645. 18.70% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
APG has been the subject of a number of recent analyst reports. UBS Group lifted their price target on shares of APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Royal Bank Of Canada lifted their price target on shares of APi Group from $45.00 to $53.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Robert W. Baird set a $52.00 price target on shares of APi Group in a research report on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of APi Group in a research report on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.14.
Get Our Latest Research Report on APG
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.
Featured Articles
- Five stocks we like better than APi Group
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Want to see what other hedge funds are holding APG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for APi Group Corporation (NYSE:APG – Free Report).
Receive News & Ratings for APi Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for APi Group and related companies with MarketBeat.com's FREE daily email newsletter.
