Bessemer Group Inc. Purchases 2,077,705 Shares of APi Group Corporation $APG

Bessemer Group Inc. grew its position in shares of APi Group Corporation (NYSE:APG) by 72.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,960,278 shares of the company’s stock after purchasing an additional 2,077,705 shares during the period. Bessemer Group Inc. owned approximately 1.19% of APi Group worth $170,485,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in APG. Bares Capital Management Inc. purchased a new position in shares of APi Group during the second quarter worth about $30,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of APi Group in the 3rd quarter worth $31,000. Root Financial Partners LLC bought a new position in shares of APi Group in the 3rd quarter worth $32,000. Cullen Frost Bankers Inc. lifted its holdings 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 last quarter. Finally, Whittier Trust Co. grew its position in APi Group by 49.9% in the third quarter. Whittier Trust Co. now owns 1,117 shares of the company’s stock worth $39,000 after acquiring an additional 372 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling at APi Group

In other news, Director Anthony E. Malkin acquired 3,000 shares of the firm’s stock in a transaction 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 acquisition, the director owned 7,000 shares in the company, valued at $277,060. This trade represents a 75.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 7,000 shares of company stock worth $275,720 in the last 90 days. Insiders own 17.00% of the company’s stock.

APi Group Trading Down 0.4%

Shares of APG opened at $42.17 on Thursday. APi Group Corporation has a 1-year low of $20.50 and a 1-year high of $43.75. The firm has a market capitalization of $17.54 billion, a price-to-earnings ratio of 115.01 and a beta of 1.70. The firm’s 50-day moving average price is $40.41 and its 200-day moving average price is $37.14. The company has a current ratio of 1.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.84.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Citigroup reiterated a “buy” rating and issued a $49.00 price objective (up from $45.00) on shares of APi Group in a report on Monday, January 12th. CJS Securities upgraded APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a report on Monday, December 22nd. UBS Group set a $49.00 price objective on shares of APi Group and gave the company a “buy” rating in a research report on Thursday, January 15th. Finally, 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. One investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.24.

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.