APi Group Corporation $APG Stake Boosted by M.D. Sass LLC

M.D. Sass LLC boosted its stake in shares of APi Group Corporation (NYSE:APG) by 34.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,938,574 shares of the company’s stock after buying an additional 500,857 shares during the quarter. APi Group makes up approximately 5.4% of M.D. Sass LLC’s portfolio, making the stock its 5th largest holding. M.D. Sass LLC owned about 0.47% of APi Group worth $66,629,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Bares Capital Management Inc. bought a new position in APi Group during the second quarter valued at $30,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of APi Group in the third quarter valued at $31,000. Root Financial Partners LLC purchased a new position in shares of APi Group during the 3rd quarter valued at $32,000. Cullen Frost Bankers Inc. grew its stake in shares of APi Group by 2,620.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,088 shares of the company’s stock worth $37,000 after acquiring an additional 1,048 shares during the period. Finally, Whittier Trust Co. grew its stake in shares of APi Group by 49.9% during the 3rd quarter. Whittier Trust Co. now owns 1,117 shares of the company’s stock worth $39,000 after acquiring an additional 372 shares during the period. Institutional investors own 86.62% of the company’s stock.

Wall Street Analyst Weigh In

APG has been the topic of a number of research reports. Barclays boosted their price objective on APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. Royal Bank Of Canada reissued an “outperform” rating on shares of APi Group in a research report on Tuesday, December 23rd. Citigroup reiterated a “buy” rating and issued a $49.00 price objective (up from $45.00) on shares of APi Group in a research note on Monday, January 12th. CJS Securities upgraded APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of APi Group in a report on Monday, December 22nd. One equities research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.24.

APi Group Stock Performance

Shares of APG opened at $42.94 on Friday. APi Group Corporation has a 12-month low of $20.50 and a 12-month high of $43.75. The company has a current ratio of 1.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.84. The company has a market cap of $17.86 billion, a PE ratio of 117.12 and a beta of 1.70. The stock has a 50-day moving average price of $40.48 and a 200-day moving average price of $37.18.

Insider Buying and Selling

In related news, Director Anthony E. Malkin purchased 3,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were purchased at an average price of $39.58 per share, with a total value of $118,740.00. Following the acquisition, the director directly owned 7,000 shares of the company’s stock, valued at approximately $277,060. This represents a 75.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have purchased 7,000 shares of company stock valued at $275,720. 17.00% of the stock is owned by insiders.

APi Group Company 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.