APi Group Corporation $APG Holdings Raised by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its stake in APi Group Corporation (NYSE:APG) by 51.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 229,382 shares of the company’s stock after buying an additional 77,980 shares during the period. New York State Teachers Retirement System owned 0.06% of APi Group worth $7,884,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. AQR Capital Management LLC bought a new position in shares of APi Group in the first quarter valued at approximately $650,000. Goldman Sachs Group Inc. boosted its stake in APi Group by 73.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company’s stock valued at $6,369,000 after purchasing an additional 75,490 shares in the last quarter. Voya Investment Management LLC increased its position in shares of APi Group by 4.6% during the 1st quarter. Voya Investment Management LLC now owns 28,883 shares of the company’s stock valued at $1,033,000 after purchasing an additional 1,261 shares during the period. Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of APi Group in the 2nd quarter worth $98,000. Finally, Wedmont Private Capital acquired a new stake in shares of APi Group in the second quarter valued at $368,000. 86.62% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other APi Group news, Director Anthony E. Malkin acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was purchased at an average cost of $39.58 per share, for a total transaction of $118,740.00. Following the transaction, the director owned 7,000 shares of the company’s stock, valued at $277,060. The trade was a 75.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin E. Franklin sold 340,000 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $36.09, for a total value of $12,270,600.00. Following the completion of the transaction, the director owned 18,968,790 shares in the company, valued at $684,583,631.10. This represents a 1.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have bought 7,000 shares of company stock worth $275,720 and have sold 900,000 shares worth $32,342,000. Insiders own 17.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on APG. Citigroup reaffirmed a “buy” rating and set a $49.00 target price (up from $45.00) on shares of APi Group in a report on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of APi Group in a research note on Tuesday, December 23rd. Weiss Ratings reiterated 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. Finally, UBS Group set a $49.00 price target on shares of APi Group and gave the stock a “buy” rating in a research report on Thursday. 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $41.24.

APi Group Stock Performance

Shares of APG opened at $42.63 on Friday. The company has a 50-day moving average of $39.11 and a two-hundred day moving average of $36.36. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 116.25 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. APi Group Corporation has a one year low of $20.50 and a one year high of $43.26.

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