Graham Capital Management L.P. Sells 22,948 Shares of APi Group Corporation $APG

Graham Capital Management L.P. reduced its holdings in APi Group Corporation (NYSE:APG) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,747 shares of the company’s stock after selling 22,948 shares during the quarter. Graham Capital Management L.P.’s holdings in APi Group were worth $4,122,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in APG. Sound Income Strategies LLC bought a new stake in shares of APi Group in the 4th quarter worth approximately $27,000. Clearstead Advisors LLC grew its position in shares of APi Group by 105.7% in the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after buying an additional 427 shares during the last quarter. Silicon Valley Capital Partners grew its position in shares of APi Group by 50.0% in the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock worth $29,000 after buying an additional 286 shares during the last quarter. Parallel Advisors LLC grew its position in shares of APi Group by 55.3% in the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after buying an additional 297 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of APi Group by 1,851.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock worth $29,000 after buying an additional 722 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APG has been the topic of a number of recent analyst reports. Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada lifted their price objective on APi Group from $45.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. UBS Group lifted their price objective on APi Group from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Robert W. Baird set a $52.00 price objective on APi Group in a research report on Friday, May 1st. Finally, Barclays restated an “overweight” rating and set a $54.00 price target (up from $52.00) on shares of APi Group in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.14.

Insider Buying and Selling at APi Group

In other APi Group news, Director James E. Lillie sold 225,539 shares of APi Group stock in a transaction on Monday, May 4th. The stock was sold at an average price of $44.87, for a total transaction of $10,119,934.93. Following the completion of the transaction, the director owned 9,296,811 shares in the company, valued at approximately $417,147,909.57. The trade was a 2.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin E. Franklin sold 3,000,000 shares of APi Group stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $40.88, for a total value of $122,640,000.00. Following the transaction, the director owned 21,240,426 shares of the company’s stock, valued at $868,308,614.88. The trade was a 12.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 6,444,000 shares of company stock worth $271,537,645. 18.70% of the stock is owned by insiders.

APi Group Trading Up 2.0%

NYSE APG opened at $42.48 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.44 and a debt-to-equity ratio of 0.79. APi Group Corporation has a twelve month low of $31.95 and a twelve month high of $49.99. The firm has a market capitalization of $18.40 billion, a PE ratio of -59.83, a P/E/G ratio of 2.44 and a beta of 1.60. The stock’s 50 day moving average is $43.99 and its 200 day moving average is $42.35.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. APi Group had a return on equity of 37.63% and a net margin of 3.85%.The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the company posted $0.37 earnings per share. The firm’s revenue was up 15.3% on a year-over-year basis. Research analysts forecast that APi Group Corporation will post 1.7 earnings per share for the current fiscal year.

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.