36,100 Shares in APi Group Corporation $APG Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in APi Group Corporation (NYSE:APG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 36,100 shares of the company’s stock, valued at approximately $1,529,000.

Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC grew its holdings in shares of APi Group by 1.1% during the first quarter. Janus Henderson Group PLC now owns 23,367,041 shares of the company’s stock worth $946,846,000 after purchasing an additional 250,873 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of APi Group by 4,029.8% in the 2nd quarter. California State Teachers Retirement System now owns 16,992,048 shares of the company’s stock valued at $719,613,000 after purchasing an additional 16,580,597 shares during the last quarter. Durable Capital Partners LP boosted its position in shares of APi Group by 40.2% in the 3rd quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock valued at $512,050,000 after purchasing an additional 4,274,610 shares during the period. Viking Global Investors LP boosted its position in shares of APi Group by 6.7% in the 3rd quarter. Viking Global Investors LP now owns 12,306,277 shares of the company’s stock valued at $422,967,000 after purchasing an additional 768,759 shares during the period. Finally, State Street Corp grew its stake in APi Group by 0.8% during the 4th quarter. State Street Corp now owns 10,863,164 shares of the company’s stock worth $415,625,000 after buying an additional 91,388 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insider Transactions at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 214,928 shares of APi Group stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $39.91, for a total value of $8,577,776.48. Following the sale, the director owned 9,262,356 shares of the company’s stock, valued at approximately $369,660,627.96. The trade was a 2.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James E. Lillie sold 285,000 shares of APi Group stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $39.84, for a total value of $11,354,400.00. Following the completion of the sale, the director directly owned 8,952,350 shares in the company, valued at $356,661,624. This represents a 3.09% 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 a total of 667,000 shares of company stock worth $26,650,972 over the last ninety days. 18.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Robert W. Baird set a $47.00 price target on APi Group in a research report on Friday, July 31st. Wall Street Zen lowered shares of APi Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Citigroup reaffirmed a “buy” rating and issued a $54.00 target price (up from $53.00) on shares of APi Group in a report on Friday, July 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of APi Group in a research report on Tuesday. Finally, UBS Group set a $52.00 price target on shares of APi Group in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.57.

APi Group Stock Performance

Shares of APG opened at $37.99 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.32 and a current ratio of 1.39. The stock has a market capitalization of $16.42 billion, a P/E ratio of -56.71, a P/E/G ratio of 2.18 and a beta of 1.60. The company’s fifty day moving average is $40.75 and its two-hundred day moving average is $42.26. APi Group Corporation has a 1 year low of $33.40 and a 1 year high of $49.99.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. APi Group had a net margin of 3.99% and a return on equity of 37.59%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. APi Group’s quarterly revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts predict that APi Group Corporation will post 1.72 earnings per share for the current year.

APi Group Company Profile

APi Group Corporation (NYSE: APG) is a global provider of safety and specialty services for commercial, industrial, infrastructure and residential customers. Through a network of operating companies, it helps customers design, install, inspect, maintain and repair critical building and infrastructure systems.

The company’s services include fire protection and life-safety systems, heating, ventilation and air conditioning, plumbing, electrical work, specialty contracting, industrial maintenance, infrastructure services, security systems, environmental services and emergency response.