APi Group Corporation $APG Shares Sold by Strs Ohio

Strs Ohio trimmed its stake in shares of APi Group Corporation (NYSE:APG) by 27.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,694 shares of the company’s stock after selling 87,482 shares during the quarter. Strs Ohio’s holdings in APi Group were worth $9,145,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC purchased a new position in shares of APi Group in the 1st quarter valued at about $650,000. Goldman Sachs Group Inc. raised its holdings in APi Group by 73.6% in the first quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company’s stock valued at $6,369,000 after acquiring an additional 75,490 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in APi Group by 547.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company’s stock worth $65,000 after acquiring an additional 1,078 shares during the last quarter. First Trust Advisors LP grew its holdings in APi Group by 166.5% during the 2nd quarter. First Trust Advisors LP now owns 173,569 shares of the company’s stock worth $8,861,000 after acquiring an additional 108,447 shares in the last quarter. Finally, Cresset Asset Management LLC increased 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 valued at $577,000 after purchasing an additional 612 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Transactions at APi Group

In other news, Director Anthony E. Malkin sold 7,000 shares of APi Group stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $42.47, for a total value of $297,290.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ian G. H. Ashken sold 65,534 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $45.49, for a total transaction of $2,981,141.66. Following the completion of the sale, the director owned 9,477,284 shares of the company’s stock, valued at approximately $431,121,649.16. This trade represents a 0.69% 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. Insiders sold a total of 3,451,000 shares of company stock valued at $149,194,935 over the last ninety days. 18.70% of the stock is owned by insiders.

APi Group Stock Down 0.1%

APG opened at $41.95 on Monday. APi Group Corporation has a one year low of $33.40 and a one year high of $49.99. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.36 and a current ratio of 1.44. The stock has a market capitalization of $18.17 billion, a P/E ratio of -59.08, a price-to-earnings-growth ratio of 2.46 and a beta of 1.60. The business’s 50-day simple moving average is $43.12 and its 200-day simple moving average is $42.60.

APi Group (NYSE:APG) last announced its earnings results on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.92 billion. APi Group had a return on equity of 37.63% and a net margin of 3.85%.The business’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. Analysts anticipate that APi Group Corporation will post 1.7 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on APG. UBS Group raised their price objective on shares of APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a report on Friday, May 1st. Wall Street Zen raised APi Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Truist Financial set a $55.00 price target on APi Group and gave the company a “buy” rating in a research note on Friday, May 1st. Citigroup reaffirmed a “buy” rating and set a $53.00 price target (up from $52.00) on shares of APi Group in a report on Friday, May 1st. Finally, Barclays reaffirmed an “overweight” rating and set a $54.00 price objective (up from $52.00) on shares of APi Group in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, APi Group has an average rating of “Moderate Buy” and an average price target of $52.14.

APi Group 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.