Northwestern Mutual Investment Management Company LLC Buys 28,110 Shares of APi Group Corporation $APG

Northwestern Mutual Investment Management Company LLC increased its stake in shares of APi Group Corporation (NYSE:APG) by 51.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 82,503 shares of the company’s stock after purchasing an additional 28,110 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in APi Group were worth $2,836,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of APi Group by 83.2% during the second quarter. State Street Corp now owns 7,150,845 shares of the company’s stock valued at $365,051,000 after purchasing an additional 3,247,126 shares during the period. Norges Bank purchased a new stake in APi Group during the 2nd quarter valued at $154,149,000. Bessemer Group Inc. grew its holdings in APi Group by 72.1% in the 3rd quarter. Bessemer Group Inc. now owns 4,960,278 shares of the company’s stock worth $170,485,000 after acquiring an additional 2,077,705 shares during the last quarter. Durable Capital Partners LP grew its holdings in APi Group by 19.2% in the 2nd quarter. Durable Capital Partners LP now owns 10,623,568 shares of the company’s stock worth $542,333,000 after acquiring an additional 1,712,397 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of APi Group by 38.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,738,403 shares of the company’s stock valued at $162,954,000 after acquiring an additional 1,316,971 shares during the period. Institutional investors own 86.62% of the company’s stock.

Insider Activity at APi Group

In other APi Group news, Director Anthony E. Malkin purchased 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average cost of $39.58 per share, for a total transaction of $118,740.00. Following the purchase, the director directly owned 7,000 shares in the company, valued at $277,060. The trade was a 75.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have acquired 7,000 shares of company stock worth $275,720. Insiders own 17.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on APG. Barclays raised their target price on APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a report on Monday, December 22nd. Truist Financial boosted their target price on APi Group from $41.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of APi Group in a research note on Tuesday, December 23rd. Finally, CJS Securities raised shares of APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.24.

APi Group Trading Up 1.1%

APG opened at $44.37 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84. APi Group Corporation has a 52 week low of $20.50 and a 52 week high of $46.11. The stock has a market cap of $18.45 billion, a PE ratio of 121.00 and a beta of 1.70. The business has a 50 day moving average of $41.26 and a 200-day moving average of $37.70.

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.