126,802 Shares in APi Group Corporation $APG Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC purchased a new stake in APi Group Corporation (NYSE:APG) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 126,802 shares of the company’s stock, valued at approximately $4,358,000.

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

APi Group Trading Up 3.4%

Shares of APG opened at $41.26 on Tuesday. APi Group Corporation has a 12-month low of $20.50 and a 12-month high of $46.89. The firm has a market capitalization of $17.80 billion, a P/E ratio of -54.53, a P/E/G ratio of 2.38 and a beta of 1.69. The firm has a 50-day moving average price of $42.87 and a 200 day moving average price of $38.79. 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 earnings results on Wednesday, February 25th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. APi Group had a net margin of 3.70% and a return on equity of 37.92%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. APi Group’s quarterly revenue was up 13.8% compared to the same quarter last year. Sell-side analysts forecast that APi Group Corporation will post 1.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup raised their price target on shares of APi Group from $49.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. Truist Financial increased their price objective on shares of APi Group from $50.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, February 26th. CJS Securities raised shares of APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Barclays boosted their target price on APi Group from $44.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, APi Group has a consensus rating of “Moderate Buy” and an average target price of $48.57.

Insider Activity

In other APi Group news, SVP Louis Lambert sold 22,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $44.71, for a total transaction of $983,620.00. Following the completion of the sale, the senior vice president owned 16,148 shares of the company’s stock, valued at $721,977.08. This trade represents a 57.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Lillie sold 83,629 shares of APi Group stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $42.94, for a total value of $3,591,029.26. Following the completion of the sale, the director owned 9,522,350 shares in the company, 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. In the last 90 days, insiders have sold 682,000 shares of company stock valued at $29,693,385. 17.00% of the stock is currently owned by company insiders.

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.