APi Group Corporation $APG Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in APi Group Corporation (NYSE:APG - Free Report) by 143.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 598,457 shares of the company's stock after purchasing an additional 352,163 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of APi Group worth $23,155,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of APG. AQR Capital Management LLC acquired a new stake in shares of APi Group in the 1st quarter valued at about $650,000. Goldman Sachs Group Inc. grew its position in shares of APi Group by 73.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company's stock valued at $6,369,000 after buying an additional 75,490 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of APi Group by 547.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,275 shares of the company's stock valued at $65,000 after buying an additional 1,078 shares during the last quarter. First Trust Advisors LP grew its position in shares of APi Group by 166.5% during the 2nd quarter. First Trust Advisors LP now owns 173,569 shares of the company's stock valued at $8,861,000 after buying an additional 108,447 shares during the last quarter. Finally, Cresset Asset Management LLC grew its position in shares of APi Group by 5.7% during the 2nd quarter. Cresset Asset Management LLC now owns 11,305 shares of the company's stock valued at $577,000 after buying an additional 612 shares during the last quarter. Institutional investors and hedge funds own 86.62% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on APG. Royal Bank Of Canada boosted their price objective on shares of APi Group from $45.00 to $53.00 and gave the company an "outperform" rating in a research report on Thursday, February 26th. UBS Group boosted their price objective on shares of APi Group from $49.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. Truist Financial boosted their price objective on shares of APi Group from $50.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. Barclays boosted their price objective on shares of APi Group from $44.00 to $52.00 and gave the company an "overweight" rating in a research report on Thursday, February 26th. Finally, Wall Street Zen downgraded shares of APi Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 18th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, APi Group has a consensus rating of "Moderate Buy" and an average target price of $48.57.

Insider Activity at APi Group

In other APi Group news, Director Ian G. H. Ashken sold 72,546 shares of the company's stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $42.94, for a total value of $3,115,125.24. Following the transaction, the director owned 10,561,284 shares in the company, valued at approximately $453,501,534.96. This represents a 0.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martin E. Franklin sold 3,000,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $40.88, for a total transaction of $122,640,000.00. Following the transaction, the director owned 21,240,426 shares in the company, valued at approximately $868,308,614.88. This trade represents a 12.38% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 3,682,000 shares of company stock worth $152,333,385. 18.70% of the stock is owned by corporate insiders.

APi Group Price Performance

NYSE APG opened at $48.65 on Friday. The company has a 50-day moving average price of $43.38 and a two-hundred day moving average price of $40.48. The stock has a market cap of $21.04 billion, a price-to-earnings ratio of -64.29, a price-to-earnings-growth ratio of 2.92 and a beta of 1.68. APi Group Corporation has a 52 week low of $24.46 and a 52 week high of $49.45. The company has a current ratio of 1.50, a quick ratio of 1.43 and a debt-to-equity ratio of 0.81.

APi Group (NYSE:APG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $2.09 billion. During the same period in the prior year, the business posted $0.51 EPS. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. Analysts forecast that APi Group Corporation will post 1.67 EPS for the current year.

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.

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