Davidson Kahn Capital Management LLC Acquires 30,239 Shares of APi Group Corporation $APG

Davidson Kahn Capital Management LLC raised its holdings in APi Group Corporation (NYSE:APG) by 48.9% during the third quarter, Holdings Channel.com reports. The fund owned 92,080 shares of the company’s stock after purchasing an additional 30,239 shares during the period. APi Group comprises about 1.8% of Davidson Kahn Capital Management LLC’s holdings, making the stock its 16th largest holding. Davidson Kahn Capital Management LLC’s holdings in APi Group were worth $3,165,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Bares Capital Management Inc. bought a new position in shares of APi Group in the 2nd quarter worth $30,000. Steigerwald Gordon & Koch Inc. bought a new stake in APi Group in the third quarter valued at about $31,000. Root Financial Partners LLC acquired a new position in APi Group in the third quarter valued at about $32,000. Nisa Investment Advisors LLC lifted its stake in APi Group by 50.0% in the third quarter. Nisa Investment Advisors LLC now owns 1,275 shares of the company’s stock valued at $44,000 after buying an additional 425 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in APi Group by 547.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company’s stock worth $65,000 after buying an additional 1,078 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Trading Down 1.4%

Shares of NYSE:APG opened at $41.81 on Friday. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of 114.02 and a beta of 1.70. APi Group Corporation has a 12 month low of $20.50 and a 12 month high of $43.26. The company’s fifty day simple moving average is $39.70 and its 200 day simple moving average is $36.71. 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 (NYSE:APG) last announced its earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the business earned $0.51 EPS. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, research analysts forecast that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Insider Transactions at APi Group

In other news, Director Anthony E. Malkin bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average price of $39.58 per share, with a total value of $118,740.00. Following the transaction, the director owned 7,000 shares in the company, valued at $277,060. This represents a 75.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Martin E. Franklin sold 340,000 shares of the company’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 transaction, the director directly owned 18,968,790 shares of the company’s stock, valued at approximately $684,583,631.10. This trade represents a 1.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have purchased 7,000 shares of company stock valued at $275,720 and have sold 900,000 shares valued at $32,342,000. 17.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on APG shares. Barclays upped their price target on APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Citigroup restated a “buy” rating and set a $49.00 price objective (up previously from $45.00) on shares of APi Group in a report on Monday, January 12th. Royal Bank Of Canada reiterated an “outperform” rating on shares of APi Group in a report on Tuesday, December 23rd. UBS Group set a $49.00 price target on shares of APi Group and gave the company a “buy” rating in a report on Thursday, January 15th. Finally, CJS Securities raised APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.24.

About APi Group

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.