Gladstone Capital Management LLP Purchases New Stake in APi Group Corporation $APG

Gladstone Capital Management LLP acquired a new position in shares of APi Group Corporation (NYSE:APG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,957,666 shares of the company’s stock, valued at approximately $67,285,000. APi Group accounts for 7.4% of Gladstone Capital Management LLP’s investment portfolio, making the stock its 6th biggest holding. Gladstone Capital Management LLP owned 0.47% of APi Group at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Clearstead Advisors LLC raised its position in shares of APi Group by 105.7% in the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock valued at $29,000 after buying an additional 427 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of APi Group by 55.3% during the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock worth $29,000 after acquiring an additional 297 shares during the period. Bares Capital Management Inc. acquired a new stake in shares of APi Group during the 2nd quarter worth approximately $30,000. Steigerwald Gordon & Koch Inc. acquired a new stake in shares of APi Group during the 3rd quarter worth approximately $31,000. Finally, Root Financial Partners LLC bought a new position in APi Group in the third quarter valued at approximately $32,000. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Stock Performance

Shares of APi Group stock opened at $39.89 on Friday. The company’s 50 day moving average price is $42.86 and its two-hundred day moving average price is $38.72. The firm has a market capitalization of $17.21 billion, a P/E ratio of -52.72, a P/E/G ratio of 2.43 and a beta of 1.69. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $46.89. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.50 and a quick ratio of 1.43.

APi Group (NYSE:APG) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. APi Group had a net margin of 3.70% and a return on equity of 37.92%. The company had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, equities analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other APi Group news, Director Ian G. H. Ashken sold 114,409 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $43.12, for a total value of $4,933,316.08. Following the completion of the transaction, the director directly owned 10,633,830 shares in the company, valued at approximately $458,530,749.60. This trade represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Louis Lambert sold 22,000 shares of APi Group stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $44.71, for a total value of $983,620.00. Following the sale, the senior vice president directly owned 16,148 shares in the company, valued at $721,977.08. The trade was a 57.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 682,000 shares of company stock valued at $29,693,385 in the last 90 days. Corporate insiders own 17.00% of the company’s stock.

Analyst Upgrades and Downgrades

APG has been the subject of several research analyst reports. Citigroup boosted their price objective on shares of APi Group from $49.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Royal Bank Of Canada raised their target price on APi Group from $45.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Barclays boosted their price target on APi Group from $44.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. UBS Group upped their price objective on APi Group from $49.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.57.

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.