Kirr Marbach & Co. LLC IN Grows Position in APi Group Corporation $APG

Kirr Marbach & Co. LLC IN raised its position in APi Group Corporation (NYSE:APG) by 50.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 275,280 shares of the company’s stock after buying an additional 92,075 shares during the period. APi Group comprises 1.7% of Kirr Marbach & Co. LLC IN’s investment portfolio, making the stock its 21st biggest position. Kirr Marbach & Co. LLC IN owned approximately 0.07% of APi Group worth $9,461,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Bares Capital Management Inc. acquired a new position in APi Group in the 2nd quarter worth about $30,000. SVB Wealth LLC acquired a new position in shares of APi Group during the 1st quarter worth approximately $38,000. EverSource Wealth Advisors LLC lifted its position in shares of APi Group by 547.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company’s stock valued at $65,000 after buying an additional 1,078 shares in the last quarter. Ulland Investment Advisors LLC lifted its position in shares of APi Group by 41.5% during the 2nd quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock valued at $77,000 after buying an additional 440 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new stake in APi Group in the 2nd quarter valued at $98,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of APi Group in a report on Monday, December 8th. Barclays raised their target price on APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. CJS Securities raised APi Group to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research lowered shares of APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Citigroup reaffirmed a “buy” rating and set a $45.00 target price (up previously from $43.00) on shares of APi Group in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, APi Group currently has a consensus rating of “Moderate Buy” and an average price target of $38.81.

Insider Activity

In other news, Director Martin E. Franklin sold 340,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total transaction of $12,270,600.00. Following the completion of the transaction, the director directly owned 18,968,790 shares of the company’s stock, valued at approximately $684,583,631.10. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 900,000 shares of company stock valued at $32,342,000. Company insiders own 17.00% of the company’s stock.

APi Group Trading Up 1.5%

Shares of APG stock opened at $39.45 on Tuesday. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $40.58. The company has a 50 day moving average price of $37.18 and a 200 day moving average price of $35.45. The stock has a market capitalization of $16.41 billion, a P/E ratio of 107.58 and a beta of 1.72. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.01 billion. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Equities research analysts predict that APi Group Corporation will post 1.83 EPS for the current fiscal year.

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.