APi Group Corporation $APG Stock Holdings Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its position in shares of APi Group Corporation (NYSE:APG) by 58.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,797 shares of the company’s stock after buying an additional 39,930 shares during the period. State of New Jersey Common Pension Fund D’s holdings in APi Group were worth $3,739,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bares Capital Management Inc. bought a new position in APi Group during the second quarter worth $30,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of APi Group in the 3rd quarter worth about $31,000. Root Financial Partners LLC acquired a new position in shares of APi Group in the 3rd quarter valued at about $32,000. Cullen Frost Bankers Inc. grew its position in shares of APi Group by 2,620.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,088 shares of the company’s stock valued at $37,000 after buying an additional 1,048 shares during the last quarter. Finally, Whittier Trust Co. raised its stake in APi Group by 49.9% during the third quarter. Whittier Trust Co. now owns 1,117 shares of the company’s stock worth $39,000 after acquiring an additional 372 shares during the period. 86.62% of the stock is currently owned by institutional investors.

Insider Activity

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

APi Group Price Performance

Shares of NYSE APG opened at $44.41 on Friday. The stock has a market cap of $18.47 billion, a P/E ratio of 121.12 and a beta of 1.70. The firm’s 50-day simple moving average is $41.56 and its 200 day simple moving average is $37.85. APi Group Corporation has a fifty-two week low of $20.50 and a fifty-two week high of $46.11. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on APG shares. Barclays lifted their target price on APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, November 3rd. UBS Group set a $49.00 price objective on APi Group and gave the stock a “buy” rating in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of APi Group in a research report on Monday, December 22nd. Truist Financial raised their target price on APi Group from $41.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Finally, Citigroup restated a “buy” rating and set a $49.00 price target (up previously from $45.00) on shares of APi Group in a research report on Monday, January 12th. One investment 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 stock. According to data from MarketBeat.com, the company currently has an average 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.