APi Group Corporation $APG Shares Purchased by Searle & CO.

Searle & CO. grew its holdings in shares of APi Group Corporation (NYSE:APG) by 50.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,249 shares of the company’s stock after buying an additional 29,083 shares during the quarter. Searle & CO.’s holdings in APi Group were worth $2,999,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in APG. Bares Capital Management Inc. purchased a new stake in APi Group during the 2nd quarter worth $30,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of APi Group during the third quarter worth about $31,000. Root Financial Partners LLC purchased a new stake in shares of APi Group in the third quarter worth about $32,000. Cullen Frost Bankers Inc. grew its stake in shares of APi Group by 2,620.0% in the third quarter. Cullen Frost Bankers Inc. now owns 1,088 shares of the company’s stock valued at $37,000 after buying an additional 1,048 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of APi Group by 49.9% during the 3rd quarter. Whittier Trust Co. now owns 1,117 shares of the company’s stock valued at $39,000 after buying an additional 372 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on APG shares. Truist Financial upped their price target on APi Group from $41.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Citigroup reissued a “buy” rating and set a $49.00 target price (up from $45.00) on shares of APi Group in a research report on Monday, January 12th. UBS Group set a $49.00 price target on shares of APi Group and gave the company a “buy” rating in a report on Thursday, January 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a report on Monday, December 22nd. Finally, Barclays upped their price objective on shares of APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.24.

APi Group Stock Down 1.6%

Shares of NYSE:APG opened at $41.56 on Friday. The company’s fifty day moving average is $40.19 and its two-hundred day moving average is $36.97. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. APi Group Corporation has a 1-year low of $20.50 and a 1-year high of $43.75. The stock has a market capitalization of $17.29 billion, a price-to-earnings ratio of 113.35 and a beta of 1.70.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.01 billion. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. Equities analysts anticipate that APi Group Corporation will post 1.83 EPS for the current year.

Insider Buying and Selling

In related news, Director Anthony E. Malkin bought 3,000 shares of the stock in a transaction dated Wednesday, December 10th. The stock was bought at an average cost of $39.58 per share, with a total value of $118,740.00. Following the completion of the acquisition, the director owned 7,000 shares of the company’s stock, valued at $277,060. This trade represents a 75.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martin E. Franklin sold 340,000 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total value of $12,270,600.00. Following the sale, the director owned 18,968,790 shares in the company, valued at $684,583,631.10. The trade was a 1.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders acquired 7,000 shares of company stock valued at $275,720 and sold 900,000 shares valued at $32,342,000. 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.