APi Group Corporation $APG Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its holdings in APi Group Corporation (NYSE:APG) by 324.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 277,126 shares of the company’s stock after purchasing an additional 211,892 shares during the quarter. Hsbc Holdings PLC’s holdings in APi Group were worth $10,603,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Rehmann Capital Advisory Group acquired a new position in APi Group in the fourth quarter valued at $220,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of APi Group by 11,051.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,349 shares of the company’s stock worth $166,000 after buying an additional 4,310 shares during the period. Pacer Advisors Inc. grew its holdings in shares of APi Group by 12.7% during the fourth quarter. Pacer Advisors Inc. now owns 55,578 shares of the company’s stock worth $2,126,000 after buying an additional 6,283 shares during the last quarter. Arrow Capital Management LLC purchased a new position in shares of APi Group during the fourth quarter worth about $6,156,000. Finally, Vancity Investment Management Ltd increased its position in APi Group by 42.5% in the 4th quarter. Vancity Investment Management Ltd now owns 19,029 shares of the company’s stock valued at $728,000 after acquiring an additional 5,674 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insiders Place Their Bets

In other news, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $42.08, for a total value of $84,160,000.00. Following the completion of the transaction, the director owned 19,240,426 shares in the company, valued at $809,637,126.08. This trade represents a 9.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anthony E. Malkin sold 7,000 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $42.47, for a total transaction of $297,290.00. The SEC filing for this sale provides additional information. Insiders sold a total of 3,451,000 shares of company stock worth $149,194,935 in the last ninety days. 18.70% of the stock is owned by insiders.

APi Group Price Performance

Shares of NYSE:APG opened at $41.70 on Friday. APi Group Corporation has a 52 week low of $32.70 and a 52 week high of $49.99. The company has a 50-day moving average price of $43.76 and a 200 day moving average price of $42.50. The company has a market cap of $18.06 billion, a P/E ratio of -58.73, a PEG ratio of 2.46 and a beta of 1.60. The company has a quick ratio of 1.36, a current ratio of 1.44 and a debt-to-equity ratio of 0.79.

APi Group (NYSE:APG) last released its earnings results on Thursday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.92 billion. APi Group had a return on equity of 37.63% and a net margin of 3.85%.The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS. Research analysts predict that APi Group Corporation will post 1.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on APG shares. Weiss Ratings cut APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Citigroup reissued a “buy” rating and issued a $53.00 target price (up from $52.00) on shares of APi Group in a report on Friday, May 1st. Wall Street Zen upgraded APi Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Truist Financial set a $55.00 price target on APi Group and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, UBS Group lifted their price objective on shares of APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, APi Group has a consensus rating of “Moderate Buy” and a consensus target price 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.