SG Americas Securities LLC Has $7.17 Million Stock Holdings in APi Group Corporation $APG

SG Americas Securities LLC boosted its position in APi Group Corporation (NYSE:APG) by 372.7% during the first quarter, HoldingsChannel.com reports. The fund owned 176,834 shares of the company’s stock after buying an additional 139,421 shares during the quarter. SG Americas Securities LLC’s holdings in APi Group were worth $7,165,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in APi Group during the fourth quarter worth $27,000. Cornerstone Planning Group LLC increased its stake in shares of APi Group by 14,720.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock valued at $31,000 after purchasing an additional 736 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake 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 valued at $29,000 after purchasing an additional 722 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of APi Group by 146.7% during the 4th quarter. IFP Advisors Inc now owns 824 shares of the company’s stock worth $32,000 after buying an additional 490 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its position in shares of APi Group by 105.7% during 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. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup reiterated a “buy” rating and issued a $53.00 target price (up from $52.00) on shares of APi Group in a research report on Friday, May 1st. Robert W. Baird set a $52.00 price target on shares of APi Group in a research note on Friday, May 1st. Barclays reaffirmed an “overweight” rating and set a $54.00 price target (up from $52.00) on shares of APi Group in a report on Thursday, May 7th. Truist Financial set a $55.00 price objective on shares of APi Group and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, UBS Group increased their price objective on shares of APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $52.14.

APi Group Stock Performance

Shares of APG stock opened at $41.10 on Friday. The business’s 50-day moving average price is $43.68 and its 200-day moving average price is $42.49. APi Group Corporation has a 12 month low of $32.70 and a 12 month high of $49.99. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of -57.89, a PEG ratio of 2.41 and a beta of 1.60. The company has a current ratio of 1.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79.

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

Insider Buying and Selling at APi Group

In other news, Director Ian G. H. Ashken sold 65,534 shares of APi Group stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $45.49, for a total transaction of $2,981,141.66. Following the transaction, the director owned 9,477,284 shares in the company, valued at approximately $431,121,649.16. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony E. Malkin sold 7,000 shares of APi Group stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $42.47, for a total transaction of $297,290.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 3,451,000 shares of company stock valued at $149,194,935. 18.70% 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.