APi Group Corporation $APG Stock Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of APi Group Corporation (NYSE:APG) by 31.3% during the third quarter, Holdings Channel.com reports. The firm owned 47,400 shares of the company’s stock after buying an additional 11,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in APi Group were worth $1,830,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in APi Group by 1.1% in the first quarter. Janus Henderson Group PLC now owns 23,367,041 shares of the company’s stock worth $946,846,000 after purchasing an additional 250,873 shares during the period. Bank of New York Mellon Corp bought a new position in APi Group in the 2nd quarter valued at about $93,030,000. Cooke & Bieler LP grew its position in APi Group by 13.6% in the 3rd quarter. Cooke & Bieler LP now owns 2,030,753 shares of the company’s stock valued at $78,387,000 after buying an additional 243,225 shares in the last quarter. Sei Investments Co. increased its stake in APi Group by 0.4% during the 1st quarter. Sei Investments Co. now owns 1,046,852 shares of the company’s stock valued at $42,419,000 after buying an additional 3,999 shares during the period. Finally, Robeco Schweiz AG increased its stake in APi Group by 15.7% during the 3rd quarter. Robeco Schweiz AG now owns 1,031,691 shares of the company’s stock valued at $39,823,000 after buying an additional 139,692 shares during the period. 86.62% of the stock is currently owned by institutional investors.

APi Group Price Performance

NYSE:APG opened at $46.39 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.18 and a debt-to-equity ratio of 0.92. The business’s 50-day moving average price is $39.83 and its 200 day moving average price is $41.96. APi Group Corporation has a 52-week low of $34.87 and a 52-week high of $49.99. The firm has a market cap of $19.73 billion, a P/E ratio of 26.65, a PEG ratio of 1.92 and a beta of 1.57.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. APi Group had a net margin of 4.12% and a return on equity of 38.31%. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the company earned $0.41 EPS. APi Group’s revenue was up 22.5% on a year-over-year basis. As a group, sell-side analysts predict that APi Group Corporation will post 1.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of APi Group from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Truist Financial set a $58.00 price objective on shares of APi Group and gave the company a “buy” rating in a report on Friday. Weiss Ratings upgraded shares of APi Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, October 21st. Wall Street Zen lowered shares of APi Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, UBS Group set a $52.00 target price on APi Group in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $54.67.

APi Group Company Profile

APi Group Corporation (NYSE: APG) is a global provider of safety, specialty and industrial services. The company serves commercial, industrial and infrastructure customers through a network of operating businesses that provide services designed to protect people, property and critical assets.

APi Group’s offerings include fire protection and life-safety systems, security services, heating, ventilation and air-conditioning services, industrial maintenance, specialty contracting and infrastructure services.