Y.D. More Investments Ltd Invests $603,000 in APi Group Corporation $APG

Y.D. More Investments Ltd acquired a new stake in APi Group Corporation (NYSE:APG) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,888 shares of the company’s stock, valued at approximately $603,000.

A number of other institutional investors have also recently made changes to their positions in APG. Janus Henderson Group PLC grew its stake in shares of APi Group by 4.0% in the fourth quarter. Janus Henderson Group PLC now owns 23,116,168 shares of the company’s stock worth $884,409,000 after acquiring an additional 887,729 shares in the last quarter. Durable Capital Partners LP raised its stake in shares of APi Group by 40.2% in the third quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock valued at $512,050,000 after acquiring an additional 4,274,610 shares in the last quarter. Viking Global Investors LP raised its stake in shares of APi Group by 6.7% in the third quarter. Viking Global Investors LP now owns 12,306,277 shares of the company’s stock valued at $422,967,000 after acquiring an additional 768,759 shares in the last quarter. State Street Corp boosted its holdings in APi Group by 0.8% in the fourth quarter. State Street Corp now owns 10,863,164 shares of the company’s stock valued at $415,625,000 after purchasing an additional 91,388 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in APi Group by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 7,250,619 shares of the company’s stock valued at $277,465,000 after purchasing an additional 624,529 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insiders Place Their Bets

In other APi Group news, Director James E. Lillie sold 59,461 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $45.50, for a total value of $2,705,475.50. Following the transaction, the director directly owned 9,237,350 shares in the company, valued at $420,299,425. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian G. H. Ashken sold 65,534 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $45.49, for a total transaction of $2,981,141.66. Following the sale, the director directly owned 9,477,284 shares in the company, valued at approximately $431,121,649.16. The trade was a 0.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,451,000 shares of company stock worth $149,194,935 in the last three months. 18.70% of the stock is owned by company insiders.

APi Group Stock Performance

NYSE:APG opened at $41.37 on Tuesday. APi Group Corporation has a 12 month low of $33.40 and a 12 month high of $49.99. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.44 and a quick ratio of 1.36. The firm has a market capitalization of $17.92 billion, a PE ratio of -58.27, a price-to-earnings-growth ratio of 2.42 and a beta of 1.60. The business’s fifty day moving average price is $42.32 and its 200 day moving average price is $42.72.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. APi Group had a return on equity of 37.63% and a net margin of 3.85%.The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the business earned $0.37 EPS. APi Group’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, sell-side analysts anticipate that APi Group Corporation will post 1.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

APG has been the subject of several analyst reports. Wall Street Zen raised APi Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings lowered APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Citigroup reiterated a “buy” rating and issued a $53.00 price objective (up from $52.00) on shares of APi Group in a research note on Friday, May 1st. Robert W. Baird set a $52.00 price objective on APi Group in a research report on Friday, May 1st. Finally, Truist Financial set a $55.00 target price on shares of APi Group and gave the stock 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $52.14.

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.