New York State Common Retirement Fund Purchases 50,920 Shares of APi Group Corporation $APG

New York State Common Retirement Fund boosted its position in APi Group Corporation (NYSE:APG) by 51.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,470 shares of the company’s stock after buying an additional 50,920 shares during the quarter. New York State Common Retirement Fund’s holdings in APi Group were worth $5,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bares Capital Management Inc. purchased a new stake in APi Group in the 2nd quarter worth about $30,000. Steigerwald Gordon & Koch Inc. bought a new position in APi Group during the third quarter worth about $31,000. Root Financial Partners LLC purchased a new position in shares of APi Group in the third quarter worth about $32,000. Cullen Frost Bankers Inc. raised its position in shares of APi Group by 2,620.0% in the third quarter. Cullen Frost Bankers Inc. now owns 1,088 shares of the company’s stock valued at $37,000 after purchasing an additional 1,048 shares during the period. Finally, Whittier Trust Co. raised its position in shares of APi Group by 49.9% in the third quarter. Whittier Trust Co. now owns 1,117 shares of the company’s stock valued at $39,000 after purchasing an additional 372 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Activity

In related news, Director Anthony E. Malkin bought 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average cost of $39.58 per share, for a total transaction of $118,740.00. Following the completion of the transaction, the director owned 7,000 shares of the company’s stock, valued at approximately $277,060. The trade was a 75.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have acquired 7,000 shares of company stock worth $275,720. Insiders own 17.00% of the company’s stock.

APi Group Trading Up 1.8%

Shares of APG opened at $42.94 on Friday. APi Group Corporation has a 1-year low of $20.50 and a 1-year high of $43.75. The company has a market capitalization of $17.86 billion, a P/E ratio of 117.12 and a beta of 1.70. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41. The firm’s 50 day simple moving average is $40.48 and its 200 day simple moving average is $37.18.

Analyst Upgrades and Downgrades

APG has been the topic of a number of analyst reports. CJS Securities raised shares of APi Group to a “strong-buy” rating in a report on Thursday, December 11th. Barclays lifted their price target on APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Truist Financial increased their price objective on APi Group from $41.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Citigroup reaffirmed a “buy” rating and set a $49.00 target price (up previously from $45.00) on shares of APi Group in a report on Monday, January 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research report on Monday, December 22nd. One equities research 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.24.

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.