Anthony Malkin Acquires 2,000 Shares of APi Group (NYSE:APG) Stock

APi Group Corporation (NYSE:APG) Director Anthony Malkin acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was acquired at an average price of $39.46 per share, for a total transaction of $78,920.00. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at approximately $78,920. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

APi Group Trading Up 3.5%

Shares of APG traded up $1.41 during mid-day trading on Friday, hitting $41.90. 3,005,326 shares of the company’s stock traded hands, compared to its average volume of 3,229,487. 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 capitalization of $17.42 billion, a P/E ratio of 114.26 and a beta of 1.70. The business’s 50-day moving average price is $38.48 and its 200-day moving average price is $36.06. APi Group Corporation has a 1 year low of $20.50 and a 1 year high of $41.93.

APi Group (NYSE:APG) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.01 billion. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. As a group, sell-side analysts forecast that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on APG. Citigroup restated a “buy” rating and set a $45.00 price target (up from $43.00) on shares of APi Group in a research report on Monday, December 8th. CJS Securities upgraded shares of APi Group to a “strong-buy” rating in a report on Thursday, December 11th. 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 reissued an “outperform” rating on shares of APi Group in a research report on Tuesday, December 23rd. Finally, Barclays boosted their price objective on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Monday, November 3rd. One equities 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Clearstead Advisors LLC increased its position in shares of APi Group by 105.7% during the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock valued at $29,000 after purchasing an additional 427 shares during the last quarter. Silicon Valley Capital Partners boosted its holdings in shares of APi Group by 50.0% in the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock worth $29,000 after buying an additional 286 shares during the last quarter. Parallel Advisors LLC grew its position in APi Group by 55.3% during the third quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after buying an additional 297 shares during the period. Bares Capital Management Inc. purchased a new stake in APi Group during the second quarter valued at approximately $30,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in APi Group in the third quarter worth approximately $31,000. 86.62% of the stock is owned by hedge funds and other institutional investors.

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.