APi Group Corporation $APG Shares Purchased by Caxton Associates LLP

Caxton Associates LLP boosted its position in APi Group Corporation (NYSE:APG) by 51.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 84,141 shares of the company’s stock after buying an additional 28,578 shares during the period. Caxton Associates LLP’s holdings in APi Group were worth $3,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of APi Group in the 4th quarter worth $181,066,000. Durable Capital Partners LP increased its stake in shares of APi Group by 40.2% during the third quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock worth $512,050,000 after acquiring an additional 4,274,610 shares during the period. State Street Corp raised its holdings in APi Group by 50.6% during the third quarter. State Street Corp now owns 10,771,776 shares of the company’s stock worth $370,226,000 after purchasing an additional 3,620,931 shares in the last quarter. Invesco Ltd. raised its holdings in APi Group by 224.6% during the third quarter. Invesco Ltd. now owns 5,109,902 shares of the company’s stock worth $175,627,000 after purchasing an additional 3,535,682 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in APi Group in the fourth quarter valued at about $132,125,000. 86.62% of the stock is owned by institutional investors and hedge funds.

APi Group Stock Up 1.6%

Shares of NYSE APG opened at $39.59 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.44 and a debt-to-equity ratio of 0.79. APi Group Corporation has a 52 week low of $33.40 and a 52 week high of $49.99. The firm has a 50-day moving average price of $41.63 and a 200 day moving average price of $42.78. The stock has a market capitalization of $17.15 billion, a price-to-earnings ratio of -55.75, a price-to-earnings-growth ratio of 2.28 and a beta of 1.60.

APi Group (NYSE:APG) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The firm’s revenue was up 15.3% on a year-over-year basis. Equities research analysts anticipate that APi Group Corporation will post 1.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

APG has been the topic of a number of analyst reports. Robert W. Baird set a $52.00 price objective on APi Group in a report on Friday, May 1st. Citigroup reissued a “buy” rating and set a $53.00 target price (up from $52.00) on shares of APi Group in a research note on Friday, May 1st. Weiss Ratings cut APi Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. UBS Group set a $52.00 price target on APi Group in a research note on Monday. Finally, Truist Financial set a $55.00 price objective on APi Group and gave the stock a “buy” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and an average target price of $53.17.

Insider Activity at APi Group

In other news, Director Ian G. H. Ashken sold 65,534 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was 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 of the company’s stock, valued at $431,121,649.16. The trade was a 0.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James E. Lillie sold 59,461 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $45.50, for a total value of $2,705,475.50. Following the completion of the sale, the director owned 9,237,350 shares in the company, valued at approximately $420,299,425. This represents a 0.64% 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 have sold a total of 3,451,000 shares of company stock valued at $149,194,935 in the last 90 days. Insiders own 18.70% of the company’s stock.

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.