Capital CS Group LLC Makes New $397,000 Investment in APi Group Corporation $APG

Capital CS Group LLC acquired a new stake in shares of APi Group Corporation (NYSE:APG) in the third quarter, HoldingsChannel.com reports. The fund acquired 11,556 shares of the company’s stock, valued at approximately $397,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp lifted its position in APi Group by 83.2% during the second quarter. State Street Corp now owns 7,150,845 shares of the company’s stock valued at $365,051,000 after purchasing an additional 3,247,126 shares in the last quarter. Norges Bank bought a new position in shares of APi Group in the second quarter worth about $154,149,000. Bessemer Group Inc. lifted its position in shares of APi Group by 72.1% during the 3rd quarter. Bessemer Group Inc. now owns 4,960,278 shares of the company’s stock valued at $170,485,000 after buying an additional 2,077,705 shares in the last quarter. Durable Capital Partners LP grew its stake in shares of APi Group by 19.2% during the 2nd quarter. Durable Capital Partners LP now owns 10,623,568 shares of the company’s stock valued at $542,333,000 after acquiring an additional 1,712,397 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in APi Group by 38.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,738,403 shares of the company’s stock worth $162,954,000 after acquiring an additional 1,316,971 shares in the last quarter. 86.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at APi Group

In other APi Group news, Director Anthony E. Malkin purchased 3,000 shares of APi Group stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average price of $39.58 per share, for a total transaction of $118,740.00. Following the completion of the transaction, the director owned 7,000 shares of the company’s stock, valued at approximately $277,060. This trade represents a 75.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired 7,000 shares of company stock valued at $275,720 over the last ninety days. Company insiders own 17.00% of the company’s stock.

APi Group Stock Performance

NYSE APG opened at $44.37 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41. APi Group Corporation has a 1-year low of $20.50 and a 1-year high of $46.11. The business has a 50 day simple moving average of $41.15 and a two-hundred day simple moving average of $37.62. The stock has a market capitalization of $18.45 billion, a PE ratio of 121.00 and a beta of 1.70.

Wall Street Analyst Weigh In

Several brokerages have weighed in on APG. Truist Financial lifted their price target on shares of APi Group from $41.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Citigroup restated a “buy” rating and set a $49.00 target price (up previously from $45.00) on shares of APi Group in a research note on Monday, January 12th. UBS Group set a $49.00 price target on APi Group and gave the stock a “buy” rating in a research note on Thursday, January 15th. CJS Securities upgraded APi Group to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of APi Group in a research report on Tuesday, December 23rd. One investment 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. Based on data from MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.24.

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.