Yousif Capital Management LLC Grows Stock Holdings in APi Group Corporation $APG

Yousif Capital Management LLC grew its position in APi Group Corporation (NYSE:APG) by 41.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 117,720 shares of the company’s stock after buying an additional 34,734 shares during the period. Yousif Capital Management LLC’s holdings in APi Group were worth $4,046,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of APG. Bares Capital Management Inc. purchased a new stake in APi Group during the second quarter valued at approximately $30,000. SVB Wealth LLC acquired a new position in shares of APi Group during the first quarter worth $38,000. EverSource Wealth Advisors LLC lifted its holdings 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 purchasing an additional 1,078 shares during the last quarter. Ulland Investment Advisors LLC boosted its position in shares of APi Group by 41.5% in the 2nd quarter. Ulland Investment Advisors LLC now owns 1,500 shares of the company’s stock worth $77,000 after purchasing an additional 440 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in APi Group during the 2nd quarter worth $98,000. Institutional investors own 86.62% of the company’s stock.

APi Group Stock Performance

NYSE APG opened at $39.40 on Friday. APi Group Corporation has a 1 year low of $20.50 and a 1 year high of $40.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41. The company has a market capitalization of $16.39 billion, a PE ratio of 107.46 and a beta of 1.72. The company has a fifty day moving average of $37.47 and a 200 day moving average of $35.56.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.01 billion. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. Research analysts forecast that APi Group Corporation will post 1.83 earnings per share for the current year.

Insiders Place Their Bets

In other APi Group news, Director Martin E. Franklin sold 340,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total value of $12,270,600.00. Following the completion of the transaction, the director directly owned 18,968,790 shares of the company’s stock, valued at approximately $684,583,631.10. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 900,000 shares of company stock worth $32,342,000 in the last three months. 17.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on APG shares. Weiss Ratings reissued a “hold (c+)” rating on shares of APi Group in a report on Monday. Zacks Research downgraded shares of APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Barclays raised their price target on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Royal Bank Of Canada reissued an “outperform” rating on shares of APi Group in a report on Tuesday. Finally, CJS Securities upgraded APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.81.

APi Group 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.