WCM Investment Management LLC Boosts Position in APi Group Corporation $APG

WCM Investment Management LLC raised its stake in APi Group Corporation (NYSE:APG) by 36.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,041 shares of the company’s stock after buying an additional 40,525 shares during the period. WCM Investment Management LLC’s holdings in APi Group were worth $5,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Whittier Trust Co. boosted its holdings in shares of APi Group by 49.9% in the third quarter. Whittier Trust Co. now owns 1,117 shares of the company’s stock valued at $39,000 after purchasing an additional 372 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of APi Group by 50.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,275 shares of the company’s stock worth $44,000 after buying an additional 425 shares during the period. Ulland Investment Advisors LLC grew its position in shares of APi Group by 41.5% during the 2nd quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock worth $77,000 after buying an additional 440 shares in the last quarter. KLP Kapitalforvaltning AS increased its stake in shares of APi Group by 1.2% during the second quarter. KLP Kapitalforvaltning AS now owns 43,000 shares of the company’s stock valued at $2,195,000 after buying an additional 500 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of APi Group by 9.6% during the second quarter. PNC Financial Services Group Inc. now owns 5,941 shares of the company’s stock valued at $303,000 after buying an additional 521 shares during the period. 86.62% of the stock is owned by hedge funds and other institutional investors.

APi Group Trading Up 0.1%

NYSE APG opened at $42.27 on Wednesday. APi Group Corporation has a 52 week low of $20.50 and a 52 week high of $43.75. The company has a 50 day moving average price of $40.35 and a 200 day moving average price of $37.11. 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 has a market cap of $17.58 billion, a PE ratio of 115.28 and a beta of 1.70.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Citigroup reiterated a “buy” rating and set a $49.00 target price (up from $45.00) on shares of APi Group in a report on Monday, January 12th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of APi Group in a research report on Tuesday, December 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. Truist Financial boosted their price objective on shares of APi Group from $41.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Finally, UBS Group set a $49.00 target price on APi Group and gave the stock a “buy” rating in a report on Thursday, January 15th. 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, APi Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.24.

Insider Buying and Selling at APi Group

In other APi Group news, Director Anthony E. Malkin bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were purchased at an average cost of $39.58 per share, for a total transaction of $118,740.00. Following the purchase, the director directly owned 7,000 shares in the company, valued at $277,060. This represents a 75.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders acquired 7,000 shares of company stock valued at $275,720. 17.00% of the stock is owned by company insiders.

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.