12,835 Shares in APi Group Corporation $APG Acquired by Western Wealth Management LLC

Western Wealth Management LLC acquired a new stake in APi Group Corporation (NYSE:APG) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 12,835 shares of the company’s stock, valued at approximately $520,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its stake in shares of APi Group by 1.1% during the first quarter. Janus Henderson Group PLC now owns 23,367,041 shares of the company’s stock worth $946,846,000 after buying an additional 250,873 shares during the last quarter. Durable Capital Partners LP lifted its stake in shares of APi Group by 40.2% in the 3rd quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock valued at $512,050,000 after acquiring an additional 4,274,610 shares during the last quarter. Viking Global Investors LP lifted its stake in shares of APi Group by 6.7% in the 3rd quarter. Viking Global Investors LP now owns 12,306,277 shares of the company’s stock valued at $422,967,000 after acquiring an additional 768,759 shares during the last quarter. State Street Corp boosted its holdings in shares of APi Group by 0.8% during the 4th quarter. State Street Corp now owns 10,863,164 shares of the company’s stock valued at $415,625,000 after acquiring an additional 91,388 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of APi Group by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 7,250,619 shares of the company’s stock valued at $277,465,000 after acquiring an additional 624,529 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

APi Group Price Performance

Shares of NYSE:APG opened at $39.90 on Tuesday. The firm has a market cap of $17.28 billion, a PE ratio of -59.54, a price-to-earnings-growth ratio of 2.32 and a beta of 1.60. The firm’s fifty day moving average is $41.28 and its 200-day moving average is $42.68. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.32 and a current ratio of 1.39. APi Group Corporation has a 52 week low of $33.40 and a 52 week high of $49.99.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.20 billion. APi Group had a return on equity of 37.59% and a net margin of 3.99%.APi Group’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. Sell-side analysts predict that APi Group Corporation will post 1.71 earnings per share for the current year.

Insider Transactions at APi Group

In related news, Director Martin E. Franklin sold 2,000,000 shares of APi Group stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $42.08, for a total value of $84,160,000.00. Following the transaction, the director directly owned 19,240,426 shares of the company’s stock, valued at $809,637,126.08. The trade was a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony E. Malkin sold 7,000 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $42.47, for a total transaction of $297,290.00. The SEC filing for this sale provides additional information. Insiders own 18.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group set a $52.00 price objective on APi Group in a research report on Monday, July 20th. Truist Financial set a $55.00 target price on APi Group and gave the company a “buy” rating in a research report on Friday, May 1st. Robert W. Baird set a $47.00 price target on APi Group in a research note on Friday. Wall Street Zen cut APi Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Barclays reaffirmed an “overweight” rating and issued a $54.00 price objective (up from $52.00) on shares of APi Group in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.50.

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.