35,373 Shares in APi Group Corporation $APG Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in APi Group Corporation (NYSE:APG) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 35,373 shares of the company’s stock, valued at approximately $1,216,000.

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

Analyst Ratings Changes

APG has been the topic of a number of research reports. UBS Group raised 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 target on shares of APi Group from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Barclays boosted their price objective on shares of APi Group from $44.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. CJS Securities upgraded APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada raised their target price on APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.57.

APi Group Price Performance

NYSE APG opened at $41.81 on Monday. APi Group Corporation has a 12 month low of $20.50 and a 12 month high of $46.89. The stock has a market cap of $18.04 billion, a price-to-earnings ratio of -55.26, a PEG ratio of 2.50 and a beta of 1.69. The company’s 50 day moving average is $42.60 and its two-hundred day moving average is $38.57. The company has a current ratio of 1.50, a quick ratio of 1.43 and a debt-to-equity ratio of 0.81.

APi Group (NYSE:APG) last issued its quarterly earnings results 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. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.09 billion. APi Group had a net margin of 3.70% and a return on equity of 37.92%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. As a group, research analysts anticipate that APi Group Corporation will post 1.83 earnings per share for the current year.

Insider Activity at APi Group

In related news, Director James E. Lillie sold 100,888 shares of APi Group stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $44.30, for a total transaction of $4,469,338.40. Following the transaction, the director owned 9,706,462 shares in the company, valued at approximately $429,996,266.60. The trade was a 1.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ian G. H. Ashken sold 114,409 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $43.12, for a total transaction of $4,933,316.08. Following the completion of the transaction, the director directly owned 10,633,830 shares of the company’s stock, valued at $458,530,749.60. This represents a 1.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 682,000 shares of company stock worth $29,693,385. 17.00% of the stock is 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.