Dimensional Fund Advisors LP Has $146.23 Million Stock Position in APi Group Corporation $APG

Dimensional Fund Advisors LP increased its stake in APi Group Corporation (NYSE:APG) by 49.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,254,663 shares of the company’s stock after purchasing an additional 1,399,753 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.02% of APi Group worth $146,230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of APG. Vanguard Group Inc. boosted 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 worth $1,207,719,000 after buying an additional 11,644,990 shares during the period. Durable Capital Partners LP raised its holdings in shares of APi Group by 19.2% during the second 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. Findlay Park Partners LLP lifted its position in shares of APi Group by 13.1% in the 3rd quarter. Findlay Park Partners LLP now owns 7,540,068 shares of the company’s stock valued at $259,152,000 after acquiring an additional 873,420 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in shares of APi Group by 49.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 7,292,986 shares of the company’s stock valued at $250,660,000 after acquiring an additional 2,414,841 shares in the last quarter. Finally, State Street Corp boosted its stake in APi Group by 83.2% in the 2nd quarter. State Street Corp now owns 7,150,845 shares of the company’s stock worth $365,051,000 after purchasing an additional 3,247,126 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Stock Down 2.0%

APG stock opened at $41.61 on Wednesday. The company has a 50 day moving average of $42.72 and a two-hundred day moving average of $38.66. The company has a market cap of $17.95 billion, a price-to-earnings ratio of -54.99, a PEG ratio of 2.53 and a beta of 1.69. APi Group Corporation has a 12-month low of $20.50 and a 12-month high of $46.89. The company has a quick ratio of 1.43, a current ratio of 1.50 and a debt-to-equity ratio of 0.81.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on APG shares. Barclays lifted their price objective on shares of APi Group from $44.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, February 26th. Truist Financial raised their target price on APi Group from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Citigroup lifted their price target on APi Group from $49.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, February 26th. UBS Group upped their price target on APi Group from $49.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Royal Bank Of Canada raised their price objective on APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, APi Group has a consensus rating of “Moderate Buy” and a consensus price target of $48.57.

Insider Buying and Selling at APi Group

In other news, Director James E. Lillie sold 100,888 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $44.30, for a total transaction of $4,469,338.40. Following the completion of the sale, the director directly owned 9,706,462 shares of the company’s stock, valued at $429,996,266.60. This trade represents a 1.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Louis Lambert sold 22,000 shares of APi Group stock in a transaction dated Thursday, February 26th. The shares were 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. This represents a 57.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 682,000 shares of company stock worth $29,693,385 over the last 90 days. 17.00% of the stock is currently owned by corporate insiders.

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.