Diversified Trust Co. Invests $2.01 Million in APi Group Corporation $APG

Diversified Trust Co. bought a new stake in APi Group Corporation (NYSE:APG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 52,646 shares of the company’s stock, valued at approximately $2,014,000.

Other institutional investors have also made changes to their positions in the company. Clearstead Advisors LLC grew its holdings in APi Group by 105.7% during the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after acquiring an additional 427 shares during the last quarter. Silicon Valley Capital Partners raised its stake in shares of APi Group by 50.0% in the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock worth $29,000 after acquiring an additional 286 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of APi Group by 55.3% in the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after acquiring an additional 297 shares during the last quarter. Bares Capital Management Inc. acquired a new position in shares of APi Group during the second quarter worth approximately $30,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of APi Group during the third quarter worth approximately $31,000. 86.62% of the stock is owned by institutional investors.

APi Group Stock Up 0.2%

Shares of NYSE:APG opened at $42.14 on Thursday. APi Group Corporation has a one year low of $20.50 and a one year high of $46.89. The company has a 50 day moving average of $42.83 and a 200-day moving average of $39.07. 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 stock has a market cap of $18.18 billion, a price-to-earnings ratio of -55.70, a P/E/G ratio of 2.51 and a beta of 1.69.

APi Group (NYSE:APG) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 earnings per share 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 analyst estimates of $2.09 billion. During the same period in the prior year, the business posted $0.51 earnings per share. APi Group’s revenue was up 13.8% compared to the same quarter last year. On average, sell-side analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current year.

Insider Buying and Selling at APi Group

In other news, Director James E. Lillie sold 83,629 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $42.94, for a total value of $3,591,029.26. Following the transaction, the director owned 9,522,350 shares of the company’s stock, valued at $408,889,709. This represents a 0.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Martin E. Franklin sold 3,000,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $40.88, for a total value of $122,640,000.00. Following the completion of the transaction, the director owned 21,240,426 shares in the company, valued at $868,308,614.88. This represents a 12.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 3,682,000 shares of company stock worth $152,333,385. Insiders own 17.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on APG shares. Citigroup raised their price target on shares of APi Group from $49.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, February 26th. CJS Securities raised APi Group to a “strong-buy” rating in a report on Thursday, December 11th. UBS Group increased their price objective on APi Group from $49.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Truist Financial lifted their target price on APi Group from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada boosted their target price 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 equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.57.

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.