Lionstone Capital Management LLC Sells 345,300 Shares of APi Group Corporation $APG

Lionstone Capital Management LLC cut its position in APi Group Corporation (NYSE:APG) by 16.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,744,500 shares of the company’s stock after selling 345,300 shares during the quarter. APi Group accounts for 21.4% of Lionstone Capital Management LLC’s holdings, making the stock its largest holding. Lionstone Capital Management LLC owned approximately 0.42% of APi Group worth $89,057,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of APG. Vanguard Group Inc. increased its stake in APi Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 23,493,777 shares of the company’s stock worth $1,199,357,000 after purchasing an additional 453,543 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in APi Group by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,249,205 shares of the company’s stock worth $581,073,000 after buying an additional 621,761 shares in the last quarter. Durable Capital Partners LP lifted its holdings in APi Group by 78.0% during the 1st quarter. Durable Capital Partners LP now owns 8,911,171 shares of the company’s stock worth $318,663,000 after buying an additional 3,903,632 shares in the last quarter. State Street Corp boosted 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 buying an additional 3,247,126 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of APi Group by 75.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,767,246 shares of the company’s stock worth $241,997,000 after acquiring an additional 2,906,783 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insider Transactions at APi Group

In other APi Group news, Director Martin E. Franklin sold 340,000 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $36.09, for a total value of $12,270,600.00. Following the completion of the transaction, the director owned 18,968,790 shares in the company, valued at $684,583,631.10. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 900,000 shares of company stock valued at $32,342,000 in the last three months. Corporate insiders own 17.00% of the company’s stock.

APi Group Stock Performance

Shares of APi Group stock opened at $38.88 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84. APi Group Corporation has a 52 week low of $20.50 and a 52 week high of $39.65. The firm’s 50 day moving average is $36.29 and its two-hundred day moving average is $34.90. The firm has a market capitalization of $16.17 billion, a P/E ratio of 106.02 and a beta of 1.72.

APi Group (NYSE:APG) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.01 billion. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. Research analysts forecast that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on APG shares. Zacks Research cut APi Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings restated a “hold (c)” rating on shares of APi Group in a report on Monday, December 1st. Barclays lifted their price objective on APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Finally, Citigroup reaffirmed a “buy” rating and issued a $45.00 target price (up previously from $43.00) on shares of APi Group in a report on Monday. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.81.

APi Group Profile

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.