Centaurus Financial Inc. Has $5.04 Million Position in APi Group Corporation $APG

Centaurus Financial Inc. raised its position in APi Group Corporation (NYSE:APG) by 37.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 146,760 shares of the company’s stock after buying an additional 39,824 shares during the period. Centaurus Financial Inc.’s holdings in APi Group were worth $5,044,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of APi Group by 49.6% during the third quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company’s stock worth $1,207,719,000 after purchasing an additional 11,644,990 shares during the last quarter. Durable Capital Partners LP raised its holdings in APi Group by 40.2% in the 3rd quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock valued at $512,050,000 after buying an additional 4,274,610 shares during the last quarter. Viking Global Investors LP raised its holdings in APi Group by 6.7% in the 3rd quarter. Viking Global Investors LP now owns 12,306,277 shares of the company’s stock valued at $422,967,000 after buying an additional 768,759 shares during the last quarter. State Street Corp boosted its position in APi Group by 50.6% during the 3rd quarter. State Street Corp now owns 10,771,776 shares of the company’s stock worth $370,226,000 after buying an additional 3,620,931 shares during the period. Finally, Findlay Park Partners LLP boosted its position in APi Group by 13.1% during the 3rd quarter. Findlay Park Partners LLP now owns 7,540,068 shares of the company’s stock worth $259,152,000 after buying an additional 873,420 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

APG has been the subject of several recent research reports. Citigroup upped their price target on shares of APi Group from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Truist Financial lifted their price target on shares of APi Group from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Royal Bank Of Canada boosted their price objective on shares of APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Barclays raised their target price on APi Group from $44.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Finally, UBS Group lifted their target price on APi Group from $49.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.57.

APi Group Stock Up 2.0%

APi Group stock opened at $42.06 on Wednesday. The firm has a market cap of $18.14 billion, a price-to-earnings ratio of -55.58, a PEG ratio of 2.46 and a beta of 1.69. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $46.89. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.43 and a current ratio of 1.50. The firm has a 50 day moving average price of $42.89 and a two-hundred day moving average price of $38.84.

APi Group (NYSE:APG) last posted its quarterly earnings data 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 net margin of 3.70% and a return on equity of 37.92%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the firm posted $0.51 EPS. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Equities analysts predict that APi Group Corporation will post 1.83 EPS for the current year.

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 83,629 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $42.94, for a total transaction of $3,591,029.26. Following the sale, the director owned 9,522,350 shares of the company’s stock, valued at approximately $408,889,709. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Louis Lambert sold 22,000 shares of the stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $44.71, for a total value of $983,620.00. Following the sale, the senior vice president owned 16,148 shares of the company’s stock, valued at approximately $721,977.08. The trade was a 57.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 682,000 shares of company stock valued at $29,693,385. 17.00% of the stock is currently owned by insiders.

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.