APi Group Corporation $APG Shares Acquired by Gabelli Funds LLC

Gabelli Funds LLC lifted its holdings in APi Group Corporation (NYSE:APG) by 50.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,500 shares of the company’s stock after purchasing an additional 30,500 shares during the period. Gabelli Funds LLC’s holdings in APi Group were worth $3,145,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new stake in APi Group during the 1st quarter worth approximately $650,000. Goldman Sachs Group Inc. increased its position in shares of APi Group by 73.6% during the first quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company’s stock worth $6,369,000 after acquiring an additional 75,490 shares during the period. Atria Investments Inc raised its stake in shares of APi Group by 7.9% in the second quarter. Atria Investments Inc now owns 7,642 shares of the company’s stock valued at $390,000 after acquiring an additional 557 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of APi Group in the second quarter valued at $1,211,000. Finally, Simplex Trading LLC purchased a new position in APi Group in the second quarter valued at $207,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of APi Group in a report on Monday, December 22nd. Citigroup upped their target price on shares of APi Group from $49.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Barclays lifted their price target on shares of APi Group from $44.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, February 26th. Royal Bank Of Canada boosted their price target on shares of APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Finally, CJS Securities upgraded shares of APi Group to a “strong-buy” rating in a report on Thursday, December 11th. One equities research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.57.

APi Group Stock Down 2.0%

Shares of NYSE APG opened at $41.61 on Wednesday. The business has a 50-day moving average price of $42.72 and a 200 day moving average price of $38.66. The stock has a market cap of $17.95 billion, a PE ratio of -54.99, a price-to-earnings-growth ratio of 2.53 and a beta of 1.69. The company has a quick ratio of 1.43, a current ratio of 1.50 and a debt-to-equity ratio of 0.81. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $46.89.

APi Group (NYSE:APG) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.09 billion. APi Group had a return on equity of 37.92% and a net margin of 3.70%.The firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. Equities research analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current year.

Insider Activity at APi Group

In related news, SVP Louis Lambert sold 22,000 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $44.71, for a total transaction of $983,620.00. Following the completion of the sale, the senior vice president owned 16,148 shares in the company, valued at $721,977.08. This represents a 57.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ian G. H. Ashken sold 72,546 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $42.94, for a total transaction of $3,115,125.24. Following the completion of the sale, the director directly owned 10,561,284 shares of the company’s stock, valued at $453,501,534.96. The trade was a 0.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 682,000 shares of company stock worth $29,693,385 in the last 90 days. 17.00% of the stock is owned by insiders.

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.