Tudor Investment Corp ET AL Reduces Stake in APi Group Corporation $APG

Tudor Investment Corp ET AL cut its stake in APi Group Corporation (NYSE:APG) by 14.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 556,261 shares of the company’s stock after selling 96,895 shares during the quarter. Tudor Investment Corp ET AL’s holdings in APi Group were worth $19,119,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of APi Group by 49.6% in the third quarter. Vanguard Group Inc. now owns 35,138,767 shares of the company’s stock valued at $1,207,719,000 after purchasing an additional 11,644,990 shares during the period. Durable Capital Partners LP boosted 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 purchasing an additional 4,274,610 shares during the last quarter. Viking Global Investors LP grew its stake in shares of 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 period. State Street Corp increased its holdings in shares of 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 last quarter. Finally, Findlay Park Partners LLP raised its position in shares of APi Group by 13.1% during the 3rd quarter. Findlay Park Partners LLP now owns 7,540,068 shares of the company’s stock valued at $259,152,000 after buying an additional 873,420 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Royal Bank Of Canada raised their target price on APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Citigroup raised their price objective on APi Group from $49.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. CJS Securities raised shares of APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research report on Monday, December 22nd. Finally, UBS Group boosted their price target on shares of APi Group from $49.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, APi Group presently has an average rating of “Moderate Buy” and a consensus target price of $48.57.

Insider Buying and Selling at APi Group

In other news, Director Ian G. H. Ashken sold 114,409 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $43.12, for a total transaction of $4,933,316.08. Following the sale, the director owned 10,633,830 shares of the company’s stock, valued at approximately $458,530,749.60. This represents a 1.06% decrease 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. Also, Director Martin E. Franklin sold 3,000,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $40.88, for a total value of $122,640,000.00. Following the completion of the sale, the director owned 21,240,426 shares in the company, valued at approximately $868,308,614.88. The trade was a 12.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,682,000 shares of company stock valued at $152,333,385 in the last 90 days. Company insiders own 17.00% of the company’s stock.

APi Group Stock Performance

NYSE APG opened at $39.50 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 1.43. The company has a market cap of $17.04 billion, a P/E ratio of -52.21, a P/E/G ratio of 2.46 and a beta of 1.69. The stock has a 50-day moving average of $42.86 and a two-hundred day moving average of $38.90. APi Group Corporation has a 1-year low of $20.50 and a 1-year high of $46.89.

APi Group (NYSE:APG) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.09 billion. APi Group had a net margin of 3.70% and a return on equity of 37.92%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 earnings per share. As a group, analysts anticipate that APi Group Corporation will post 1.83 EPS for the current year.

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.