Thematics Asset Management Acquires 204,027 Shares of APi Group Corporation $APG

Thematics Asset Management boosted its holdings in shares of APi Group Corporation (NYSE:APG) by 37.7% during the third quarter, Holdings Channel.com reports. The firm owned 744,569 shares of the company’s stock after acquiring an additional 204,027 shares during the period. APi Group accounts for about 1.2% of Thematics Asset Management’s portfolio, making the stock its 29th largest position. Thematics Asset Management’s holdings in APi Group were worth $25,591,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Clearstead Advisors LLC increased its holdings in shares of APi Group by 105.7% in the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after buying an additional 427 shares during the last quarter. Parallel Advisors LLC raised its position in shares of APi Group by 55.3% during the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after buying an additional 297 shares in the last quarter. Bares Capital Management Inc. bought a new position in shares of APi Group in the 2nd quarter valued at about $30,000. Steigerwald Gordon & Koch Inc. purchased a new position in APi Group in the third quarter worth about $31,000. Finally, Root Financial Partners LLC purchased a new position in APi Group in the third quarter worth about $32,000. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Down 2.2%

Shares of NYSE APG opened at $39.89 on Friday. APi Group Corporation has a 1 year low of $20.50 and a 1 year high of $46.89. The firm has a 50-day simple moving average of $42.86 and a two-hundred day simple moving average of $38.72. The company has a market cap of $17.21 billion, a P/E ratio of -52.72, a PEG ratio of 2.43 and a beta of 1.69. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 1.43.

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

Analysts Set New Price Targets

APG has been the topic of a number of recent research reports. Barclays upped their price objective on APi Group from $44.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Royal Bank Of Canada lifted their target price on APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of APi Group in a research report on Monday, December 22nd. Citigroup raised their price target on APi Group from $49.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, UBS Group lifted their price objective on shares of APi Group from $49.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.57.

Insider Buying and Selling at APi Group

In other news, Director James E. Lillie sold 100,888 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $44.30, for a total transaction of $4,469,338.40. Following the completion of the sale, the director directly owned 9,706,462 shares of the company’s stock, valued at approximately $429,996,266.60. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Louis Lambert sold 22,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $44.71, for a total transaction of $983,620.00. Following the completion of the transaction, the senior vice president directly owned 16,148 shares in the company, valued at $721,977.08. This represents a 57.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 682,000 shares of company stock valued at $29,693,385 in the last quarter. 17.00% of the stock is owned by insiders.

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.