Van Berkom & Associates Inc. Sells 1,322,898 Shares of APi Group Corporation $APG

Key Points

• Van Berkom & Associates cut its APi Group stake by 96.8% in Q4, selling 1,322,898 shares and leaving the firm with 43,877 shares valued at about $1.68 million.
• Company insiders have been net sellers, disposing of 3,682,000 shares worth roughly $152.3 million in the last 90 days — notably Martin E. Franklin sold 3,000,000 shares for about $122.64 million.
• APi Group recently beat quarterly estimates (EPS $0.32 vs $0.30; revenue $1.98B vs $1.92B, up 15.3% YoY) and analysts have raised targets, leaving a consensus rating of “Moderate Buy” with an average target near $51.86.

Van Berkom & Associates Inc. cut its position in shares of APi Group Corporation (NYSE:APG - Free Report) by 96.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,877 shares of the company's stock after selling 1,322,898 shares during the period. Van Berkom & Associates Inc.'s holdings in APi Group were worth $1,679,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC bought a new stake in APi Group during the 4th quarter valued at $27,000. Clearstead Advisors LLC raised its position in 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 in the last quarter. Parallel Advisors LLC raised its position in APi Group by 55.3% during the 3rd 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. Silicon Valley Capital Partners raised its position in APi Group by 50.0% during the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company's stock valued at $29,000 after purchasing an additional 286 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in APi Group during the 3rd quarter valued at $31,000. 86.62% of the stock is owned by institutional investors.

APi Group Stock Down 2.8%

Shares of APG stock opened at $44.63 on Tuesday. APi Group Corporation has a 1-year low of $27.97 and a 1-year high of $49.99. The stock's fifty day moving average price is $43.69 and its 200 day moving average price is $40.94. 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 company has a market cap of $19.34 billion, a price-to-earnings ratio of -62.86, a price-to-earnings-growth ratio of 2.72 and a beta of 1.67.

APi Group (NYSE:APG - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.32 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the business earned $0.37 EPS. The firm's revenue for the quarter was up 15.3% on a year-over-year basis. On average, research analysts expect that APi Group Corporation will post 1.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group lifted their target price on APi Group from $54.00 to $56.00 and gave the company a "buy" rating in a research report on Friday. Royal Bank Of Canada lifted their target price on APi Group from $45.00 to $53.00 and gave the company an "outperform" rating in a research report on Thursday, February 26th. Barclays lifted their price target on APi Group from $44.00 to $52.00 and gave the company an "overweight" rating in a report on Thursday, February 26th. Wall Street Zen upgraded APi Group from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Citigroup reiterated a "buy" rating and issued a $53.00 price target (up from $52.00) on shares of APi Group in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, APi Group has an average rating of "Moderate Buy" and an average target price of $51.86.

Insider Buying and Selling

In related news, Director Martin E. Franklin sold 3,000,000 shares of the business's 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 directly owned 21,240,426 shares in the company, valued at $868,308,614.88. The trade was a 12.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James E. Lillie sold 100,888 shares of the business's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $44.30, for a total value of $4,469,338.40. Following the transaction, the director owned 9,706,462 shares in the company, valued at approximately $429,996,266.60. This trade represents a 1.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,682,000 shares of company stock worth $152,333,385 in the last ninety days. 18.70% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.