APi Group Corporation $APG is Lionstone Capital Management LLC’s Largest Position

Lionstone Capital Management LLC reduced its holdings in APi Group Corporation (NYSE:APG) by 5.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,476,270 shares of the company’s stock after selling 140,480 shares during the quarter. APi Group accounts for about 21.9% of Lionstone Capital Management LLC’s investment portfolio, making the stock its largest holding. Lionstone Capital Management LLC’s holdings in APi Group were worth $94,742,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC purchased a new stake in APi Group in the first quarter worth $650,000. Goldman Sachs Group Inc. increased its position in APi Group by 73.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company’s stock valued at $6,369,000 after purchasing an additional 75,490 shares during the period. EverSource Wealth Advisors LLC raised its holdings in APi Group by 547.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company’s stock worth $65,000 after purchasing an additional 1,078 shares in the last quarter. First Trust Advisors LP raised its holdings in APi Group by 166.5% in the 2nd quarter. First Trust Advisors LP now owns 173,569 shares of the company’s stock worth $8,861,000 after purchasing an additional 108,447 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its position in shares of APi Group by 5.7% in the 2nd quarter. Cresset Asset Management LLC now owns 11,305 shares of the company’s stock worth $577,000 after purchasing an additional 612 shares during the period. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Up 2.0%

Shares of APi Group stock opened at $42.48 on Wednesday. APi Group Corporation has a 1 year low of $31.95 and a 1 year high of $49.99. The firm has a market cap of $18.40 billion, a price-to-earnings ratio of -59.83, a PEG ratio of 2.44 and a beta of 1.60. The company has a 50-day moving average of $43.99 and a 200 day moving average of $42.35. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.44 and a quick ratio of 1.36.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.92 billion. APi Group had a net margin of 3.85% and a return on equity of 37.63%. APi Group’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. As a group, sell-side analysts anticipate that APi Group Corporation will post 1.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on APG shares. UBS Group boosted 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. Barclays restated an “overweight” rating and issued a $54.00 price objective (up from $52.00) on shares of APi Group in a report on Thursday, May 7th. Truist Financial set a $55.00 target price on APi Group and gave the stock a “buy” rating in a report on Friday, May 1st. Weiss Ratings lowered APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Finally, Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.14.

Insider Activity

In other news, Director Martin E. Franklin sold 3,000,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $40.88, for a total transaction of $122,640,000.00. Following the completion of the transaction, the director directly owned 21,240,426 shares in the company, valued at $868,308,614.88. This trade represents a 12.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Lillie sold 225,539 shares of APi Group stock in a transaction dated Monday, May 4th. The stock was 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 directly owned 9,296,811 shares of the company’s stock, valued at approximately $417,147,909.57. This represents a 2.37% 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 ninety days, insiders sold 6,444,000 shares of company stock worth $271,537,645. Insiders own 18.70% of the company’s stock.

APi Group Company 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.