Anthony Malkin Purchases 3,000 Shares of APi Group (NYSE:APG) Stock

APi Group Corporation (NYSE:APG) Director Anthony Malkin purchased 3,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was acquired at an average cost of $39.58 per share, with a total value of $118,740.00. Following the purchase, the director owned 7,000 shares of the company’s stock, valued at approximately $277,060. This represents a 75.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

APi Group Stock Performance

Shares of NYSE APG traded up $1.41 during midday trading on Friday, reaching $41.90. 3,005,326 shares of the company traded hands, compared to its average volume of 3,229,487. APi Group Corporation has a 52 week low of $20.50 and a 52 week high of $41.93. The stock has a 50-day moving average price of $38.48 and a 200 day moving average price of $36.06. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41. The company has a market cap of $17.42 billion, a price-to-earnings ratio of 114.26 and a beta of 1.70.

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

Institutional Investors Weigh In On APi Group

Several hedge funds have recently made changes to their positions in APG. Vanguard Group Inc. boosted its stake in shares of APi Group by 49.6% during the 3rd quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company’s stock valued at $1,207,719,000 after buying an additional 11,644,990 shares during the period. Durable Capital Partners LP raised its holdings 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 worth $512,050,000 after acquiring an additional 4,274,610 shares in the last quarter. State Street Corp raised its holdings 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 worth $370,226,000 after acquiring an additional 3,620,931 shares in the last quarter. Invesco Ltd. boosted its position in 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 purchasing an additional 3,535,682 shares during the last quarter. Finally, Norges Bank purchased a new position in APi Group in the second quarter valued at about $154,149,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on APG shares. Zacks Research cut APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. CJS Securities raised APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. Royal Bank Of Canada restated an “outperform” rating on shares of APi Group in a report on Tuesday, December 23rd. Citigroup reaffirmed a “buy” rating and set a $45.00 target price (up from $43.00) on shares of APi Group in a report on Monday, December 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.81.

About APi Group

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.