Hillsdale Investment Management Inc. Acquires 54,050 Shares of APi Group Corporation $APG

Hillsdale Investment Management Inc. boosted its holdings in shares of APi Group Corporation (NYSE:APG) by 105.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,550 shares of the company’s stock after acquiring an additional 54,050 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in APi Group were worth $3,628,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of APG. Allianz Asset Management GmbH lifted its holdings in APi Group by 47.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 337,089 shares of the company’s stock valued at $11,586,000 after buying an additional 108,433 shares in the last quarter. Bessemer Group Inc. increased its position in shares of APi Group by 72.1% during the third quarter. Bessemer Group Inc. now owns 4,960,278 shares of the company’s stock worth $170,485,000 after acquiring an additional 2,077,705 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of APi Group by 48.6% during the third quarter. Envestnet Asset Management Inc. now owns 674,203 shares of the company’s stock valued at $23,172,000 after acquiring an additional 220,551 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of APi Group by 29.5% in the third quarter. Truist Financial Corp now owns 189,800 shares of the company’s stock valued at $6,523,000 after purchasing an additional 43,202 shares during the period. Finally, Bridges Investment Management Inc. grew its stake in APi Group by 59.6% in the third quarter. Bridges Investment Management Inc. now owns 112,721 shares of the company’s stock worth $3,874,000 after purchasing an additional 42,111 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insiders Place Their Bets

In other APi Group news, Director Anthony E. Malkin bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were purchased at an average cost of $39.58 per share, for a total transaction of $118,740.00. Following the purchase, the director directly owned 7,000 shares in the company, valued at $277,060. This represents a 75.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders acquired 7,000 shares of company stock worth $275,720. 17.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

APG has been the subject of a number of research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of APi Group in a research report on Tuesday, December 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of APi Group in a report on Monday, December 22nd. CJS Securities raised shares of APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. Barclays raised their target price on shares of APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Finally, Truist Financial upped their price target on shares of APi Group from $41.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. One investment 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.24.

APi Group Price Performance

Shares of APG opened at $44.62 on Monday. The company has a market cap of $18.56 billion, a price-to-earnings ratio of 121.69 and a beta of 1.70. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $46.11. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average of $41.66 and a two-hundred day moving average of $37.96.

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.