Strs Ohio Has $9.58 Million Stake in APi Group Corporation $APG

Strs Ohio lifted its position in APi Group Corporation (NYSE:APG) by 8.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 278,861 shares of the company’s stock after buying an additional 22,731 shares during the quarter. Strs Ohio’s holdings in APi Group were worth $9,584,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APG. Nisa Investment Advisors LLC increased its stake in shares of APi Group by 50.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,275 shares of the company’s stock worth $44,000 after purchasing an additional 425 shares during the last quarter. Ulland Investment Advisors LLC boosted its holdings in APi Group by 41.5% in the second quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock worth $77,000 after purchasing an additional 440 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in APi Group by 1.2% in the second quarter. KLP Kapitalforvaltning AS now owns 43,000 shares of the company’s stock worth $2,195,000 after purchasing an additional 500 shares in the last quarter. PNC Financial Services Group Inc. increased its position in APi Group by 9.6% during the second quarter. PNC Financial Services Group Inc. now owns 5,941 shares of the company’s stock worth $303,000 after buying an additional 521 shares during the last quarter. Finally, Atria Investments Inc raised its holdings in APi Group by 7.9% during the second quarter. Atria Investments Inc now owns 7,642 shares of the company’s stock valued at $390,000 after buying an additional 557 shares in the last quarter. Institutional investors own 86.62% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on APG shares. Citigroup reiterated a “buy” rating and set a $49.00 price target (up previously from $45.00) on shares of APi Group in a research note on Monday, January 12th. Barclays upped their target price on APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. UBS Group set a $49.00 price target on APi Group and gave the company a “buy” rating in a report on Thursday, January 15th. Royal Bank Of Canada restated an “outperform” rating on shares of APi Group in a research note on Tuesday, December 23rd. Finally, Truist Financial raised their target price on shares of APi Group from $41.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. One equities research 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.24.

APi Group Stock Down 1.4%

Shares of APG stock opened at $41.81 on Monday. APi Group Corporation has a 12 month low of $20.50 and a 12 month high of $43.26. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84. The firm has a market cap of $17.39 billion, a PE ratio of 114.02 and a beta of 1.70. The stock has a 50 day moving average of $39.70 and a 200-day moving average of $36.74.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.01 billion. APi Group had a net margin of 3.44% and a return on equity of 21.86%. APi Group’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $0.51 earnings per share. On average, equities analysts predict that APi Group Corporation will post 1.83 EPS for the current year.

Insider Buying and Selling at APi Group

In related news, Director Anthony E. Malkin bought 3,000 shares of APi Group stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average price of $39.58 per share, for a total transaction of $118,740.00. Following the completion of the purchase, the director owned 7,000 shares in the company, valued at approximately $277,060. This represents a 75.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Martin E. Franklin sold 340,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $36.09, for a total value of $12,270,600.00. Following the transaction, the director owned 18,968,790 shares in the company, valued at $684,583,631.10. This represents a 1.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders acquired 7,000 shares of company stock worth $275,720 and sold 900,000 shares worth $32,342,000. Company insiders own 17.00% of the company’s stock.

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.