111,300 Shares in APi Group Corporation $APG Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in APi Group Corporation (NYSE:APG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 111,300 shares of the company’s stock, valued at approximately $4,510,000.

A number of other large investors also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its stake in shares of APi Group by 0.3% in the fourth quarter. Arizona State Retirement System now owns 98,581 shares of the company’s stock valued at $3,772,000 after buying an additional 277 shares in the last quarter. Triad Wealth Partners LLC lifted its stake in APi Group by 2.8% during the 1st quarter. Triad Wealth Partners LLC now owns 10,247 shares of the company’s stock worth $415,000 after acquiring an additional 283 shares in the last quarter. Silicon Valley Capital Partners boosted its holdings in APi Group by 50.0% during the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after acquiring an additional 286 shares during the period. Parallel Advisors LLC boosted its holdings in APi Group by 55.3% during the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after acquiring an additional 297 shares during the period. Finally, Bradley Foster & Sargent Inc. CT grew its position in APi Group by 0.3% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 103,073 shares of the company’s stock valued at $3,944,000 after acquiring an additional 303 shares in the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Down 1.4%

Shares of APi Group stock opened at $41.10 on Friday. 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 52-week low of $32.70 and a 52-week high of $49.99. The company has a market capitalization of $17.81 billion, a P/E ratio of -57.89, a P/E/G ratio of 2.45 and a beta of 1.60. The company has a 50 day moving average of $43.68 and a 200 day moving average of $42.49.

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

Insiders Place Their Bets

In other news, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $42.08, for a total value of $84,160,000.00. Following the transaction, the director owned 19,240,426 shares in the company, valued at approximately $809,637,126.08. This represents a 9.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anthony E. Malkin sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $42.47, for a total transaction of $297,290.00. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,451,000 shares of company stock worth $149,194,935. Insiders own 18.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on APG. Truist Financial set a $55.00 price target on shares of APi Group and gave the stock a “buy” rating in a research note on Friday, May 1st. Weiss Ratings cut shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Robert W. Baird set a $52.00 target price on shares of APi Group in a research note on Friday, May 1st. Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, UBS Group raised their price target on shares of APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, May 1st. One equities research 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 stock. According to MarketBeat, APi Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.14.

APi Group 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.