Royce & Associates LP Has $24.98 Million Stock Holdings in APi Group Corporation $APG

Royce & Associates LP increased its position in APi Group Corporation (NYSE:APG) by 50.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 726,829 shares of the company’s stock after acquiring an additional 242,276 shares during the quarter. Royce & Associates LP’s holdings in APi Group were worth $24,981,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in APi Group during the 1st quarter worth approximately $650,000. Goldman Sachs Group Inc. lifted its holdings in shares of APi Group by 73.6% during the first quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company’s stock worth $6,369,000 after purchasing an additional 75,490 shares during the period. AlphaQuest LLC grew its stake in shares of APi Group by 30.9% in the second quarter. AlphaQuest LLC now owns 4,366 shares of the company’s stock worth $223,000 after purchasing an additional 1,031 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of APi Group by 9.7% in the second quarter. Hantz Financial Services Inc. now owns 15,402 shares of the company’s stock worth $786,000 after purchasing an additional 1,363 shares during the last quarter. Finally, Retirement Systems of Alabama acquired a new stake in APi Group in the second quarter valued at $15,201,000. Institutional investors own 86.62% of the company’s stock.

APi Group Price Performance

Shares of APG opened at $44.41 on Monday. The firm has a market cap of $19.16 billion, a PE ratio of -58.69 and a beta of 1.69. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $46.89. The business’s 50 day moving average price is $42.25 and its two-hundred day moving average price is $38.30. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.43 and a current ratio of 1.50.

APi Group (NYSE:APG) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.09 billion. APi Group had a net margin of 3.70% and a return on equity of 37.92%. APi Group’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. On average, equities analysts anticipate that APi Group Corporation will post 1.83 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on APG. UBS Group lifted their target price on APi Group from $49.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank Of Canada lifted their price objective on APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a report on Monday, December 22nd. Barclays raised their price target on shares of APi Group from $44.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, CJS Securities raised shares of APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.57.

Insider Activity

In other APi Group news, SVP Louis Lambert sold 22,000 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $44.71, for a total value of $983,620.00. Following the transaction, the senior vice president owned 16,148 shares in the company, valued at approximately $721,977.08. This represents a 57.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony E. Malkin bought 3,000 shares of the stock in a transaction dated Wednesday, December 10th. The shares were purchased at an average cost of $39.58 per share, for a total transaction of $118,740.00. Following the completion of the transaction, the director directly owned 7,000 shares of the company’s stock, valued at $277,060. This trade represents a 75.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 17.00% 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.