Long Focus Capital Management LLC Buys 66,446 Shares of APi Group Corporation $APG

Long Focus Capital Management LLC increased its stake in APi Group Corporation (NYSE:APG) by 50.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 199,339 shares of the company’s stock after purchasing an additional 66,446 shares during the quarter. Long Focus Capital Management LLC’s holdings in APi Group were worth $6,851,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Allianz Asset Management GmbH boosted its position in APi Group by 47.4% in the third quarter. Allianz Asset Management GmbH now owns 337,089 shares of the company’s stock worth $11,586,000 after purchasing an additional 108,433 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of APi Group by 48.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 674,203 shares of the company’s stock worth $23,172,000 after purchasing an additional 220,551 shares during the period. Bessemer Group Inc. lifted its stake in shares of APi Group by 72.1% in the 3rd quarter. Bessemer Group Inc. now owns 4,960,278 shares of the company’s stock worth $170,485,000 after purchasing an additional 2,077,705 shares during the period. Truist Financial Corp boosted its holdings in shares of APi Group by 29.5% in the third quarter. Truist Financial Corp now owns 189,800 shares of the company’s stock worth $6,523,000 after buying an additional 43,202 shares during the last quarter. Finally, Bridges Investment Management Inc. grew its position in APi Group by 59.6% during the third quarter. Bridges Investment Management Inc. now owns 112,721 shares of the company’s stock valued at $3,874,000 after buying an additional 42,111 shares during the period. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Performance

APG opened at $41.26 on Tuesday. The company has a 50 day simple moving average of $42.87 and a two-hundred day simple moving average of $38.79. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 1.43. The firm has a market cap of $17.80 billion, a P/E ratio of -54.53, a PEG ratio of 2.38 and a beta of 1.69. APi Group Corporation has a 1-year low of $20.50 and a 1-year high of $46.89.

APi Group (NYSE:APG) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.09 billion. APi Group had a net margin of 3.70% and a return on equity of 37.92%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. Equities analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling at APi Group

In other news, Director James E. Lillie sold 83,629 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $42.94, for a total value of $3,591,029.26. Following the transaction, the director directly owned 9,522,350 shares in the company, valued at $408,889,709. The trade was a 0.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Louis Lambert sold 22,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $44.71, for a total value of $983,620.00. Following the completion of the transaction, the senior vice president directly owned 16,148 shares of the company’s stock, valued at approximately $721,977.08. This trade represents a 57.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 682,000 shares of company stock valued at $29,693,385 over the last ninety days. 17.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on APG. Barclays increased their price target on shares of APi Group from $44.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Citigroup upped their price objective on APi Group from $49.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Royal Bank Of Canada raised their target price on APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Truist Financial boosted their price target on APi Group from $50.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, Weiss Ratings restated 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 assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.57.

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.