APi Group Corporation $APG Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its position in shares of APi Group Corporation (NYSE:APG) by 47.4% in the third quarter, HoldingsChannel.com reports. The firm owned 337,089 shares of the company’s stock after acquiring an additional 108,433 shares during the quarter. Allianz Asset Management GmbH’s holdings in APi Group were worth $11,586,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of APG. WCM Investment Management LLC lifted its holdings in APi Group by 36.3% during the 3rd quarter. WCM Investment Management LLC now owns 152,041 shares of the company’s stock worth $5,213,000 after buying an additional 40,525 shares during the last quarter. Bridges Investment Management Inc. increased its holdings in shares of APi Group by 59.6% in the 3rd quarter. Bridges Investment Management Inc. now owns 112,721 shares of the company’s stock valued at $3,874,000 after acquiring an additional 42,111 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of APi Group by 73.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 16,601 shares of the company’s stock worth $568,000 after acquiring an additional 7,044 shares in the last quarter. Principal Financial Group Inc. lifted its stake in APi Group by 49.4% during the third quarter. Principal Financial Group Inc. now owns 822,118 shares of the company’s stock worth $28,256,000 after purchasing an additional 271,950 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in APi Group by 927.7% in the third quarter. UMB Bank n.a. now owns 2,189 shares of the company’s stock valued at $75,000 after purchasing an additional 1,976 shares during the last quarter. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on APG. Barclays boosted their price objective on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Citigroup reaffirmed a “buy” rating and set a $49.00 price objective (up previously from $45.00) on shares of APi Group in a report on Monday, January 12th. Truist Financial lifted their target price on APi Group from $41.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. UBS Group set a $49.00 target price on APi Group and gave the company a “buy” rating in a research report on Thursday, January 15th. Finally, CJS Securities upgraded APi Group to a “strong-buy” rating in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, APi Group presently has an average rating of “Moderate Buy” and an average target price of $43.24.

APi Group Stock Performance

NYSE APG opened at $44.55 on Monday. The firm has a market cap of $18.53 billion, a P/E ratio of 121.50 and a beta of 1.70. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $44.60. The business’s 50-day moving average price is $40.58 and its 200 day moving average price is $37.29. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84.

Insider Buying and Selling at APi Group

In related news, Director Anthony E. Malkin bought 3,000 shares of the stock in a transaction on Wednesday, December 10th. The shares were bought at an average cost of $39.58 per share, for a total transaction of $118,740.00. Following the purchase, the director owned 7,000 shares of the company’s stock, valued at $277,060. This trade represents a 75.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders purchased 7,000 shares of company stock valued at $275,720. Company insiders own 17.00% of the company’s stock.

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.