APi Group (NYSE:APG) Director Anthony Malkin Acquires 2,000 Shares

APi Group Corporation (NYSE:APG) Director Anthony Malkin purchased 2,000 shares of the stock in a transaction on Friday, December 5th. The stock was acquired at an average cost of $39.03 per share, with a total value of $78,060.00. Following the acquisition, the director owned 4,000 shares of the company’s stock, valued at approximately $156,120. This represents a 100.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

APi Group Stock Performance

APG opened at $41.90 on Friday. The company has a market cap of $17.42 billion, a P/E ratio of 114.26 and a beta of 1.70. 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’s 50-day moving average price is $38.58 and its 200-day moving average price is $36.12. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $41.93.

APi Group (NYSE:APG) last released its earnings results on Thursday, October 30th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.01 billion. APi Group had a net margin of 3.44% and a return on equity of 21.86%. APi Group’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. As a group, equities analysts anticipate that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on APG. Citigroup restated a “buy” rating and issued a $45.00 target price (up previously from $43.00) on shares of APi Group in a research note on Monday, December 8th. CJS Securities upgraded APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of APi Group in a report on Monday, December 22nd. Zacks Research downgraded shares of APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of APi Group in a research report on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.81.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of APG. Public Employees Retirement System of Ohio increased its stake in APi Group by 6.7% during the second quarter. Public Employees Retirement System of Ohio now owns 77,802 shares of the company’s stock worth $3,972,000 after acquiring an additional 4,919 shares during the last quarter. Bridges Investment Management Inc. lifted its stake in shares of APi Group by 15.4% in the 2nd quarter. Bridges Investment Management Inc. now owns 70,610 shares of the company’s stock valued at $3,605,000 after purchasing an additional 9,435 shares during the last quarter. Rathbones Group PLC purchased a new position in shares of APi Group during the 2nd quarter worth $2,094,000. Capital Investment Services of America Inc. grew its holdings in shares of APi Group by 5.4% during the 2nd quarter. Capital Investment Services of America Inc. now owns 397,325 shares of the company’s stock worth $20,283,000 after purchasing an additional 20,337 shares during the period. Finally, Equitable Trust Co. increased its position in shares of APi Group by 60.5% during the 2nd quarter. Equitable Trust Co. now owns 33,500 shares of the company’s stock worth $1,710,000 after purchasing an additional 12,630 shares during the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

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.