VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 36,100 APi Group Corporation $APG

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of APi Group Corporation (NYSE:APG) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 36,100 shares of the company’s stock, valued at approximately $1,529,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aubrey Capital Management Ltd purchased a new position in shares of APi Group during the second quarter worth $2,782,000. Hantz Financial Services Inc. raised its holdings in shares of APi Group by 628.7% in the 4th quarter. Hantz Financial Services Inc. now owns 174,019 shares of the company’s stock valued at $6,658,000 after buying an additional 150,139 shares during the period. Principal Financial Group Inc. raised its holdings in shares of APi Group by 7.5% in the 1st quarter. Principal Financial Group Inc. now owns 855,638 shares of the company’s stock valued at $34,670,000 after buying an additional 59,715 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in APi Group by 5,212.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 411,590 shares of the company’s stock worth $15,747,000 after acquiring an additional 403,842 shares in the last quarter. Finally, M.D. Sass LLC lifted its stake in APi Group by 3.4% during the 4th quarter. M.D. Sass LLC now owns 2,005,327 shares of the company’s stock worth $76,724,000 after acquiring an additional 66,753 shares in the last quarter. 86.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on APG shares. Wall Street Zen downgraded APi Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings restated a “hold (c-)” rating on shares of APi Group in a report on Tuesday. Citigroup reaffirmed a “buy” rating and set a $54.00 target price (up from $53.00) on shares of APi Group in a research note on Friday, July 31st. UBS Group set a $52.00 target price on shares of APi Group in a report on Monday, July 20th. Finally, Robert W. Baird set a $47.00 price target on shares of APi Group in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $52.57.

APi Group Stock Up 1.6%

Shares of NYSE:APG opened at $37.99 on Friday. APi Group Corporation has a fifty-two week low of $33.40 and a fifty-two week high of $49.99. The firm’s 50 day moving average price is $40.75 and its 200 day moving average price is $42.26. The company has a quick ratio of 1.32, a current ratio of 1.39 and a debt-to-equity ratio of 0.91. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of -56.71, a price-to-earnings-growth ratio of 2.18 and a beta of 1.60.

APi Group (NYSE:APG) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. APi Group had a net margin of 3.99% and a return on equity of 37.59%. The company had revenue of $2.25 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the previous year, the business posted $0.39 EPS. The firm’s revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts predict that APi Group Corporation will post 1.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Anthony E. Malkin sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $42.47, for a total transaction of $297,290.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ian G. H. Ashken sold 214,928 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $39.91, for a total value of $8,577,776.48. Following the sale, the director owned 9,262,356 shares of the company’s stock, valued at approximately $369,660,627.96. The trade was a 2.27% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 667,000 shares of company stock worth $26,650,972. Corporate insiders own 18.70% of the company’s stock.

About APi Group

APi Group Corporation (NYSE: APG) is a global provider of safety and specialty services for commercial, industrial, infrastructure and residential customers. Through a network of operating companies, it helps customers design, install, inspect, maintain and repair critical building and infrastructure systems.

The company’s services include fire protection and life-safety systems, heating, ventilation and air conditioning, plumbing, electrical work, specialty contracting, industrial maintenance, infrastructure services, security systems, environmental services and emergency response.