Universal Beteiligungs und Servicegesellschaft mbH Buys 138,369 Shares of APi Group Corporation $APG

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in APi Group Corporation (NYSE:APG) by 128.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,294 shares of the company’s stock after buying an additional 138,369 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of APi Group worth $8,465,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of APG. Public Employees Retirement System of Ohio grew its holdings in shares of APi Group by 6.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 77,802 shares of the company’s stock worth $3,972,000 after purchasing an additional 4,919 shares during the last quarter. Bridges Investment Management Inc. lifted its holdings in APi Group by 15.4% during the 2nd quarter. Bridges Investment Management Inc. now owns 70,610 shares of the company’s stock valued at $3,605,000 after purchasing an additional 9,435 shares during the last quarter. Rathbones Group PLC acquired a new position in APi Group in the second quarter valued at about $2,094,000. Campbell Newman Asset Management Inc. boosted its position in APi Group by 50.5% in the third quarter. Campbell Newman Asset Management Inc. now owns 76,095 shares of the company’s stock valued at $2,615,000 after buying an additional 25,519 shares in the last quarter. Finally, Capital Investment Services of America Inc. grew its stake in APi Group by 5.4% during the second quarter. Capital Investment Services of America Inc. now owns 397,325 shares of the company’s stock worth $20,283,000 after buying an additional 20,337 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Down 1.4%

NYSE:APG opened at $41.81 on Monday. The company has a market cap of $17.39 billion, a price-to-earnings ratio of 114.02 and a beta of 1.70. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. The stock’s fifty day moving average price is $39.70 and its two-hundred day moving average price is $36.74. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $43.26.

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

Insider Activity

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on APG shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. UBS Group set a $49.00 price target on APi Group and gave the company a “buy” rating in a report on Thursday, January 15th. Royal Bank Of Canada reiterated an “outperform” rating on shares of APi Group in a research report on Tuesday, December 23rd. Truist Financial boosted their price objective on APi Group from $41.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Finally, Barclays raised their target price on APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. One equities research 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.24.

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.