APi Group Corporation $APG Shares Acquired by Barclays PLC

Barclays PLC raised its position in APi Group Corporation (NYSE:APG) by 259.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 651,403 shares of the company’s stock after purchasing an additional 470,160 shares during the quarter. Barclays PLC owned about 0.16% of APi Group worth $22,389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Clearstead Advisors LLC increased its position in shares of APi Group by 105.7% during the third quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after acquiring an additional 427 shares during the period. Bares Capital Management Inc. acquired a new position in APi Group during the second quarter worth approximately $30,000. Steigerwald Gordon & Koch Inc. acquired a new position in APi Group in the third quarter valued at $31,000. Root Financial Partners LLC purchased a new stake in shares of APi Group during the third quarter worth approximately $32,000. Finally, Cullen Frost Bankers Inc. raised its holdings in APi Group by 2,620.0% during the third quarter. Cullen Frost Bankers Inc. now owns 1,088 shares of the company’s stock worth $37,000 after purchasing an additional 1,048 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. UBS Group boosted their price objective on shares of APi Group from $49.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Truist Financial lifted their price objective on APi Group from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Weiss Ratings reissued a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. CJS Securities raised shares of APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Citigroup boosted their price target on APi Group from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.57.

Insiders Place Their Bets

In other news, Director Ian G. H. Ashken sold 72,546 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $42.94, for a total transaction of $3,115,125.24. Following the completion of the sale, the director directly owned 10,561,284 shares of the company’s stock, valued at $453,501,534.96. This trade represents a 0.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James E. Lillie sold 83,629 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $42.94, for a total transaction of $3,591,029.26. Following the completion of the transaction, the director directly owned 9,522,350 shares of the company’s stock, valued at $408,889,709. This represents a 0.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 682,000 shares of company stock worth $29,693,385 over the last ninety days. Company insiders own 17.00% of the company’s stock.

APi Group Price Performance

APG opened at $41.63 on Thursday. The company has a 50-day moving average of $42.79 and a 200-day moving average of $38.68. The company has a market capitalization of $17.96 billion, a P/E ratio of -55.01, a PEG ratio of 2.48 and a beta of 1.69. APi Group Corporation has a 1-year low of $20.50 and a 1-year high of $46.89. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.43 and a current ratio of 1.50.

APi Group (NYSE:APG) last announced its quarterly earnings data 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. APi Group had a return on equity of 37.92% and a net margin of 3.70%.The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Equities analysts expect that APi Group Corporation will post 1.83 EPS for the current fiscal 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.