20,464 Shares in APi Group Corporation $APG Bought by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in APi Group Corporation (NYSE:APG) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,464 shares of the company’s stock, valued at approximately $783,000.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC bought a new stake in shares of APi Group in the fourth quarter worth $27,000. Clearstead Advisors LLC increased its position in APi Group by 105.7% in the third quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after buying an additional 427 shares in the last quarter. Silicon Valley Capital Partners increased its position in APi Group by 50.0% in the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock worth $29,000 after buying an additional 286 shares in the last quarter. Parallel Advisors LLC increased its position in APi Group by 55.3% in the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after buying an additional 297 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its position in APi Group by 14,720.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock worth $31,000 after buying an additional 736 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on APG shares. Truist Financial set a $55.00 price target on APi Group and gave the stock a “buy” rating in a research report on Friday, May 1st. Barclays restated an “overweight” rating and issued a $54.00 price target (up from $52.00) on shares of APi Group in a research report on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of APi Group in a research report on Tuesday, May 26th. Royal Bank Of Canada upped their price target on APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Finally, UBS Group upped their price target on APi Group from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.14.

Insider Activity at APi Group

In related news, Director James E. Lillie sold 225,539 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $44.87, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin E. Franklin sold 3,000,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $40.88, for a total value of $122,640,000.00. Following the transaction, the director directly owned 21,240,426 shares of the company’s stock, valued at approximately $868,308,614.88. The trade was a 12.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 4,444,000 shares of company stock valued at $187,377,645. Insiders own 18.70% of the company’s stock.

APi Group Price Performance

Shares of APi Group stock opened at $42.21 on Tuesday. The stock has a 50 day moving average of $43.81 and a 200 day moving average of $42.16. APi Group Corporation has a 12 month low of $31.40 and a 12 month high of $49.99. The firm has a market cap of $18.28 billion, a PE ratio of -59.44, a PEG ratio of 2.47 and a beta of 1.60. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79.

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

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.