APi Group Corporation $APG is Pelham Capital Ltd.’s 7th Largest Position

Pelham Capital Ltd. lessened its stake in shares of APi Group Corporation (NYSE:APG) by 17.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 297,222 shares of the company’s stock after selling 60,778 shares during the quarter. APi Group makes up about 7.2% of Pelham Capital Ltd.’s portfolio, making the stock its 7th biggest position. Pelham Capital Ltd. owned approximately 0.07% of APi Group worth $12,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Cornerstone Planning Group LLC boosted its stake in APi Group by 14,720.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 741 shares of the company’s stock valued at $31,000 after acquiring an additional 736 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of APi Group by 1,851.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock worth $29,000 after purchasing an additional 722 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of APi Group by 146.7% during the 4th quarter. IFP Advisors Inc now owns 824 shares of the company’s stock valued at $32,000 after purchasing an additional 490 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of APi Group by 55.3% during the 3rd quarter. Parallel Advisors LLC now owns 834 shares of the company’s stock valued at $29,000 after purchasing an additional 297 shares during the last quarter. Finally, Silicon Valley Capital Partners boosted its position in shares of APi Group by 50.0% in the 3rd quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock worth $29,000 after purchasing an additional 286 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

APi Group Price Performance

Shares of NYSE:APG opened at $39.31 on Tuesday. APi Group Corporation has a twelve month low of $33.40 and a twelve month high of $49.99. The company’s 50 day moving average is $41.21 and its 200 day moving average is $42.58. The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. The company has a market cap of $16.99 billion, a PE ratio of -58.67, a price-to-earnings-growth ratio of 2.31 and a beta of 1.60.

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

Insider Buying and Selling

In other news, Director Ian G. H. Ashken sold 214,928 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director owned 9,262,356 shares of the company’s stock, valued at $369,660,627.96. The trade was a 2.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Martin E. Franklin sold 2,000,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director owned 19,240,426 shares in the company, valued at $809,637,126.08. The trade was a 9.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,667,000 shares of company stock worth $110,810,972. Corporate insiders own 18.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Robert W. Baird set a $47.00 target price on APi Group in a research report on Friday, July 31st. Wells Fargo & Company initiated coverage on APi Group in a research note on Tuesday, August 4th. They set an “overweight” rating and a $53.00 price target on the stock. Barclays restated an “overweight” rating and set a $54.00 price objective (up from $52.00) on shares of APi Group in a report on Thursday, May 7th. UBS Group set a $52.00 price objective on shares of APi Group in a research report on Monday, July 20th. Finally, Weiss Ratings downgraded shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s 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 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.