APi Group Corporation $APG Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its holdings in shares of APi Group Corporation (NYSE:APG) by 28.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,286 shares of the company’s stock after buying an additional 40,078 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in APi Group were worth $7,305,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in APG. Sound Income Strategies LLC acquired a new stake in APi Group in the 4th quarter valued at $27,000. Cornerstone Planning Group LLC raised its position in APi Group by 14,720.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock worth $31,000 after acquiring an additional 736 shares during the period. Caitong International Asset Management Co. Ltd raised its position in APi Group by 1,851.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock worth $29,000 after acquiring an additional 722 shares during the period. IFP Advisors Inc lifted its holdings in APi Group by 146.7% during the fourth quarter. IFP Advisors Inc now owns 824 shares of the company’s stock valued at $32,000 after purchasing an additional 490 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings 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 purchasing an additional 297 shares in the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

APi Group Trading Down 1.7%

Shares of APi Group stock opened at $40.14 on Friday. 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 stock’s 50 day simple moving average is $41.98 and its 200-day simple moving average is $42.74. The stock has a market cap of $17.39 billion, a P/E ratio of -56.54, a P/E/G ratio of 2.38 and a beta of 1.60. APi Group Corporation has a 1-year low of $33.40 and a 1-year high of $49.99.

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

Insider Buying and Selling

In other APi Group news, Director Martin E. Franklin sold 2,000,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director directly owned 19,240,426 shares of the company’s stock, valued at $809,637,126.08. This trade represents a 9.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James E. Lillie sold 59,461 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $45.50, for a total value of $2,705,475.50. Following the completion of the sale, the director directly owned 9,237,350 shares of the company’s stock, valued at $420,299,425. This trade represents a 0.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,451,000 shares of company stock valued at $149,194,935 in the last quarter. Corporate insiders own 18.70% of the company’s stock.

Wall Street Analyst Weigh In

APG has been the topic of several research analyst reports. Weiss Ratings lowered shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Robert W. Baird set a $52.00 price target on shares of APi Group in a research note on Friday, May 1st. Citigroup reiterated a “buy” rating and issued a $53.00 price objective (up from $52.00) on shares of APi Group in a report on Friday, May 1st. UBS Group boosted their price objective on APi Group from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Wall Street Zen raised APi Group from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $53.83.

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.