43,000 Shares in APi Group Corporation $APG Bought by Consolidated Investment Group LLC

Consolidated Investment Group LLC acquired a new stake in APi Group Corporation (NYSE:APG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,000 shares of the company’s stock, valued at approximately $1,478,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of APi Group by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 23,493,777 shares of the company’s stock worth $1,199,357,000 after buying an additional 453,543 shares in the last quarter. Durable Capital Partners LP lifted its position in shares of APi Group by 19.2% during the 2nd quarter. Durable Capital Partners LP now owns 10,623,568 shares of the company’s stock valued at $542,333,000 after acquiring an additional 1,712,397 shares during the period. State Street Corp boosted its stake in APi Group by 83.2% during the second quarter. State Street Corp now owns 7,150,845 shares of the company’s stock worth $365,051,000 after acquiring an additional 3,247,126 shares in the last quarter. Findlay Park Partners LLP grew its holdings in APi Group by 3.4% in the second quarter. Findlay Park Partners LLP now owns 6,666,648 shares of the company’s stock worth $340,332,000 after purchasing an additional 220,700 shares during the period. Finally, Artisan Partners Limited Partnership increased its stake in APi Group by 11.3% in the second quarter. Artisan Partners Limited Partnership now owns 4,878,145 shares of the company’s stock valued at $249,029,000 after purchasing an additional 497,003 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

Insider Buying and Selling at APi Group

In other APi Group news, Director Martin E. Franklin sold 340,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total transaction of $12,270,600.00. Following the sale, the director directly owned 18,968,790 shares of the company’s stock, valued at $684,583,631.10. This trade represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony E. Malkin purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average cost of $39.58 per share, for a total transaction of $118,740.00. Following the completion of the acquisition, the director owned 7,000 shares in the company, valued at $277,060. This represents a 75.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 7,000 shares of company stock valued at $275,720 and sold 900,000 shares valued at $32,342,000. Corporate insiders own 17.00% of the company’s stock.

APi Group Stock Performance

Shares of NYSE APG opened at $42.83 on Friday. The stock’s 50-day moving average is $39.24 and its 200 day moving average is $36.44. The stock has a market cap of $17.81 billion, a price-to-earnings ratio of 116.81 and a beta of 1.70. APi Group Corporation has a 1-year low of $20.50 and a 1-year high of $43.26. The company has a current ratio of 1.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.84.

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

Analysts Set New Price Targets

APG has been the subject of a number of recent research reports. CJS Securities upgraded shares of APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of APi Group in a research report on Monday, December 22nd. UBS Group set a $49.00 price objective on APi Group and gave the stock a “buy” rating in a report on Thursday. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of APi Group in a report on Tuesday, December 23rd. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.24.

About APi Group

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.