APi Group Corporation $APG Stock Holdings Cut by Wolverine Asset Management LLC

Wolverine Asset Management LLC lessened its position in APi Group Corporation (NYSE:APG) by 38.5% during the third quarter, Holdings Channel reports. The institutional investor owned 40,000 shares of the company’s stock after selling 25,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in APi Group were worth $1,375,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in shares of APi Group by 6.7% in the second quarter. Public Employees Retirement System of Ohio now owns 77,802 shares of the company’s stock worth $3,972,000 after buying an additional 4,919 shares during the period. Bridges Investment Management Inc. boosted its holdings in shares of APi Group by 15.4% during the second quarter. Bridges Investment Management Inc. now owns 70,610 shares of the company’s stock worth $3,605,000 after purchasing an additional 9,435 shares during the period. Rathbones Group PLC purchased a new position in APi Group during the second quarter valued at approximately $2,094,000. Capital Investment Services of America Inc. increased its stake in APi Group by 5.4% in the 2nd quarter. Capital Investment Services of America Inc. now owns 397,325 shares of the company’s stock valued at $20,283,000 after buying an additional 20,337 shares during the period. Finally, Equitable Trust Co. lifted its position in APi Group by 60.5% in the 2nd quarter. Equitable Trust Co. now owns 33,500 shares of the company’s stock worth $1,710,000 after buying an additional 12,630 shares in the last quarter. 86.62% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group set a $49.00 price objective on APi Group and gave the company a “buy” rating in a research report on Thursday. CJS Securities raised shares of APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Barclays boosted their target price on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Royal Bank Of Canada restated an “outperform” rating on shares of APi Group in a report on Tuesday, December 23rd. Finally, Citigroup reaffirmed a “buy” rating and issued a $49.00 price objective (up previously from $45.00) on shares of APi Group in a research note on Monday, January 12th. One investment 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $41.24.

APi Group Trading Up 0.7%

NYSE:APG opened at $42.83 on Friday. The company’s 50 day moving average is $39.24 and its 200-day moving average is $36.44. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84. APi Group Corporation has a 12 month low of $20.50 and a 12 month high of $43.26. The firm has a market cap of $17.81 billion, a price-to-earnings ratio of 116.81 and a beta of 1.70.

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