Pelham Capital Ltd. Raises Holdings in APi Group Corporation $APG

Pelham Capital Ltd. increased its stake in APi Group Corporation (NYSE:APG) by 30.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 390,136 shares of the company’s stock after purchasing an additional 91,116 shares during the quarter. APi Group comprises about 6.6% of Pelham Capital Ltd.’s portfolio, making the stock its 9th biggest holding. Pelham Capital Ltd.’s holdings in APi Group were worth $13,409,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH raised its stake in APi Group by 47.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 337,089 shares of the company’s stock valued at $11,586,000 after purchasing an additional 108,433 shares during the period. Bessemer Group Inc. boosted its position in shares of APi Group by 72.1% in the third quarter. Bessemer Group Inc. now owns 4,960,278 shares of the company’s stock worth $170,485,000 after buying an additional 2,077,705 shares during the period. Truist Financial Corp grew its holdings in shares of APi Group by 29.5% during the third quarter. Truist Financial Corp now owns 189,800 shares of the company’s stock valued at $6,523,000 after buying an additional 43,202 shares in the last quarter. Bridges Investment Management Inc. raised its position in APi Group by 59.6% during the third quarter. Bridges Investment Management Inc. now owns 112,721 shares of the company’s stock valued at $3,874,000 after buying an additional 42,111 shares during the period. Finally, Campbell Newman Asset Management Inc. raised its position in APi Group by 50.5% during the third quarter. Campbell Newman Asset Management Inc. now owns 76,095 shares of the company’s stock valued at $2,615,000 after buying an additional 25,519 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Stock Up 1.1%

Shares of APG stock opened at $44.37 on Friday. The stock’s 50 day simple moving average is $41.15 and its 200 day simple moving average is $37.62. APi Group Corporation has a twelve month low of $20.50 and a twelve month high of $46.11. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.41 and a current ratio of 1.48. The company has a market capitalization of $18.45 billion, a price-to-earnings ratio of 121.00 and a beta of 1.70.

Analyst Upgrades and Downgrades

Several research firms have weighed in on APG. CJS Securities raised APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. Truist Financial boosted their price objective on shares of APi Group from $41.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. 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. UBS Group set a $49.00 target price on shares of APi Group and gave the company a “buy” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, APi Group presently has a consensus rating of “Moderate Buy” and an average price target of $43.24.

Insider Transactions at APi Group

In related news, Director Anthony E. Malkin purchased 3,000 shares of APi Group stock in a transaction on Wednesday, December 10th. The stock was purchased at an average cost of $39.58 per share, with a total value of $118,740.00. Following the acquisition, the director directly 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. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Over the last quarter, insiders purchased 7,000 shares of company stock valued at $275,720. Company insiders own 17.00% of the company’s stock.

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.