Vanguard Group Inc. Buys 11,644,990 Shares of APi Group Corporation $APG

Vanguard Group Inc. lifted its position in APi Group Corporation (NYSE:APG) by 49.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,138,767 shares of the company’s stock after acquiring an additional 11,644,990 shares during the period. Vanguard Group Inc. owned approximately 0.08% of APi Group worth $1,207,719,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bares Capital Management Inc. acquired a new stake in APi Group in the second quarter worth $30,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of APi Group in the 3rd quarter valued at $31,000. Root Financial Partners LLC acquired a new stake in APi Group during the 3rd quarter worth $32,000. Cullen Frost Bankers Inc. lifted its holdings in APi Group by 2,620.0% during the third quarter. Cullen Frost Bankers Inc. now owns 1,088 shares of the company’s stock worth $37,000 after acquiring an additional 1,048 shares in the last quarter. Finally, Whittier Trust Co. grew its stake in APi Group by 49.9% in the third quarter. Whittier Trust Co. now owns 1,117 shares of the company’s stock valued at $39,000 after acquiring an additional 372 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on APG. UBS Group set a $49.00 price target on APi Group and gave the stock a “buy” rating in a report on Thursday, January 15th. CJS Securities raised APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. Citigroup reaffirmed a “buy” rating and issued a $49.00 price target (up previously from $45.00) on shares of APi Group in a research note on Monday, January 12th. Truist Financial upped their price target on shares of APi Group from $41.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Finally, Barclays raised their price objective on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and an average price target of $43.24.

APi Group Price Performance

Shares of APG opened at $44.62 on Friday. The stock has a market capitalization of $18.56 billion, a P/E ratio of 121.69 and a beta of 1.70. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $46.11. The company has a 50 day moving average of $41.66 and a 200-day moving average of $37.94. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84.

Insider Buying and Selling

In other APi Group news, Director Anthony E. Malkin bought 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average price of $39.58 per share, with a total value of $118,740.00. Following the completion of the transaction, the director owned 7,000 shares in the company, valued at approximately $277,060. This trade represents a 75.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 7,000 shares of company stock worth $275,720 in the last ninety days. Corporate insiders own 17.00% of the company’s stock.

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.