Montrusco Bolton Investments Inc. Has $183.54 Million Stock Holdings in APi Group Corporation $APG

Montrusco Bolton Investments Inc. increased its holdings in APi Group Corporation (NYSE:APG) by 50.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,652,145 shares of the company’s stock after acquiring an additional 1,561,990 shares during the period. APi Group comprises 2.8% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 15th biggest holding. Montrusco Bolton Investments Inc.’s holdings in APi Group were worth $183,537,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Praxis Investment Management Inc. lifted its position in shares of APi Group by 4.9% during the 1st quarter. Praxis Investment Management Inc. now owns 12,619 shares of the company’s stock worth $511,000 after buying an additional 589 shares in the last quarter. Koshinski Asset Management Inc. lifted its holdings in APi Group by 128.4% during the first quarter. Koshinski Asset Management Inc. now owns 18,662 shares of the company’s stock worth $756,000 after acquiring an additional 10,493 shares during the period. QRG Capital Management Inc. lifted its holdings in APi Group by 11.3% during the first quarter. QRG Capital Management Inc. now owns 8,446 shares of the company’s stock worth $342,000 after acquiring an additional 859 shares during the period. Private Advisor Group LLC boosted its position in APi Group by 139.1% in the first quarter. Private Advisor Group LLC now owns 17,016 shares of the company’s stock worth $689,000 after purchasing an additional 9,900 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in APi Group in the first quarter worth $290,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Price Performance

Shares of NYSE APG opened at $41.95 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79. The stock has a fifty day simple moving average of $43.12 and a two-hundred day simple moving average of $42.58. APi Group Corporation has a 1-year low of $33.40 and a 1-year high of $49.99. The firm has a market cap of $18.17 billion, a price-to-earnings ratio of -59.08, a price-to-earnings-growth ratio of 2.46 and a beta of 1.60.

APi Group (NYSE:APG) last issued its earnings results on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates 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 previous year, the company posted $0.37 earnings per share. Analysts anticipate that APi Group Corporation will post 1.7 earnings per share for the current year.

Insider Buying and Selling at APi Group

In other news, Director Anthony E. Malkin sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $42.47, for a total value of $297,290.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ian G. H. Ashken sold 65,534 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 9,477,284 shares in the company, valued at $431,121,649.16. The trade was a 0.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,451,000 shares of company stock valued at $149,194,935 in the last three months. 18.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

APG has been the subject of several research analyst reports. UBS Group raised their target price on APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Robert W. Baird set a $52.00 price target on shares of APi Group in a report on Friday, May 1st. Truist Financial set a $55.00 price target on shares of APi Group and gave the company a “buy” rating in a research report on Friday, May 1st. Barclays restated an “overweight” rating and set a $54.00 price objective (up from $52.00) on shares of APi Group in a report on Thursday, May 7th. Finally, Citigroup reaffirmed a “buy” rating and issued a $53.00 price objective (up from $52.00) on shares of APi Group in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.14.

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.