APi Group (NYSE:APG) Director Anthony Malkin Acquires 3,000 Shares of Stock

APi Group Corporation (NYSE:APG) Director Anthony Malkin bought 3,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was purchased at an average cost of $39.58 per share, with a total value of $118,740.00. Following the acquisition, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website.

APi Group Stock Performance

NYSE:APG opened at $41.90 on Friday. The stock’s 50-day moving average is $38.58 and its 200-day moving average is $36.12. APi Group Corporation has a 1-year low of $20.50 and a 1-year high of $41.93. The company has a current ratio of 1.48, a quick ratio of 1.41 and a debt-to-equity ratio of 0.84. The stock has a market cap of $17.42 billion, a P/E ratio of 114.26 and a beta of 1.70.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Silicon Valley Capital Partners grew its stake 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 valued at $29,000 after buying an additional 286 shares during the period. Parallel Advisors LLC boosted its holdings in APi Group by 55.3% in the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after acquiring an additional 297 shares in the last quarter. Wedmont Private Capital grew its stake in APi Group by 4.7% in the fourth quarter. Wedmont Private Capital now owns 7,655 shares of the company’s stock valued at $314,000 after acquiring an additional 343 shares during the period. Whittier Trust Co. increased its holdings in shares of APi Group by 49.9% during the third quarter. Whittier Trust Co. now owns 1,117 shares of the company’s stock valued at $39,000 after acquiring an additional 372 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of APi Group by 50.0% during the third 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 period. 86.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays raised their price objective on APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Zacks Research downgraded shares of APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Royal Bank Of Canada restated an “outperform” rating on shares of APi Group in a research report on Tuesday, December 23rd. CJS Securities raised shares of APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Citigroup reiterated a “buy” rating and set a $45.00 price objective (up from $43.00) on shares of APi Group in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.81.

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.