APi Group Corporation $APG Stock Position Raised by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. raised its stake in shares of APi Group Corporation (NYSE:APG) by 48.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,094,652 shares of the company’s stock after purchasing an additional 1,011,443 shares during the quarter. APi Group accounts for about 3.6% of Schwartz Investment Counsel Inc.’s holdings, making the stock its 4th biggest holding. Schwartz Investment Counsel Inc.’s holdings in APi Group were worth $106,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC bought a new stake in shares of APi Group during the 1st quarter worth $650,000. Goldman Sachs Group Inc. raised its position in APi Group by 73.6% during the first 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 lifted its stake in APi Group by 4.6% during the first quarter. Voya Investment Management LLC now owns 28,883 shares of the company’s stock worth $1,033,000 after purchasing an additional 1,261 shares during the last quarter. Wedmont Private Capital bought a new stake in APi Group during the second quarter worth about $368,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of APi Group by 75.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 26,878 shares of the company’s stock worth $1,372,000 after purchasing an additional 11,533 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

Insider Transactions at APi Group

In related news, Director Martin E. Franklin sold 340,000 shares of the firm’s stock in a transaction dated 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 directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony E. Malkin purchased 3,000 shares of APi Group stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average price of $39.58 per share, for a total transaction of $118,740.00. Following the acquisition, the director owned 7,000 shares in the company, valued at $277,060. This trade represents a 75.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 7,000 shares of company stock valued at $275,720 and have sold 900,000 shares valued at $32,342,000. Corporate insiders own 17.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on APG. CJS Securities raised APi Group to a “strong-buy” rating in a report on Thursday, December 11th. Royal Bank Of Canada reissued an “outperform” rating on shares of APi Group in a research note on Tuesday, December 23rd. Barclays upped their price objective on shares of APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Citigroup reaffirmed a “buy” rating and set a $49.00 target price (up previously from $45.00) on shares of APi Group in a report on Monday, January 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and an average target price of $41.24.

APi Group Stock Up 0.7%

Shares of APi Group stock opened at $42.83 on Monday. 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 Corporation has a 52-week low of $20.50 and a 52-week high of $43.26. The company’s 50 day moving average price is $39.24 and its 200-day moving average price is $36.46. The stock has a market capitalization 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 quarterly earnings results on Thursday, October 30th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $2.09 billion during 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%. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. Equities research analysts forecast 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.