APi Group Corporation $APG Shares Purchased by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC boosted its position in APi Group Corporation (NYSE:APG) by 48.0% in the 3rd quarter, Holdings Channel reports. The fund owned 103,230 shares of the company’s stock after purchasing an additional 33,488 shares during the period. Rice Hall James & Associates LLC’s holdings in APi Group were worth $3,548,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of APG. Vanguard Group Inc. boosted its holdings in shares of APi Group by 2.0% during the second quarter. Vanguard Group Inc. now owns 23,493,777 shares of the company’s stock worth $1,199,357,000 after purchasing an additional 453,543 shares during the last quarter. Durable Capital Partners LP lifted its position in APi Group by 19.2% during the second quarter. Durable Capital Partners LP now owns 10,623,568 shares of the company’s stock worth $542,333,000 after buying an additional 1,712,397 shares during the period. 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 worth $365,051,000 after buying an additional 3,247,126 shares during the period. Findlay Park Partners LLP boosted its stake in APi Group by 3.4% in the 2nd quarter. Findlay Park Partners LLP now owns 6,666,648 shares of the company’s stock worth $340,332,000 after buying an additional 220,700 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in APi Group by 11.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,878,145 shares of the company’s stock valued at $249,029,000 after buying an additional 497,003 shares during the period. 86.62% of the stock is currently owned by institutional investors and hedge funds.

APi Group Price Performance

APi Group stock opened at $39.59 on Friday. The firm has a fifty day moving average of $37.57 and a 200-day moving average of $35.64. APi Group Corporation has a 52-week low of $20.50 and a 52-week high of $40.58. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $16.46 billion, a P/E ratio of 107.96 and a beta of 1.72.

APi Group (NYSE:APG) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the company earned $0.51 EPS. The firm’s revenue was up 14.2% on a year-over-year basis. As a group, analysts predict that APi Group Corporation will post 1.83 EPS for the current year.

Insider Buying and Selling at APi Group

In other news, Director Martin E. Franklin sold 340,000 shares of the stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total value of $12,270,600.00. Following the completion of the sale, the director owned 18,968,790 shares in the company, valued at approximately $684,583,631.10. This trade represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 900,000 shares of company stock valued at $32,342,000 over the last ninety days. 17.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays increased their price objective on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Monday, November 3rd. Citigroup reaffirmed a “buy” rating and set a $45.00 price target (up previously from $43.00) on shares of APi Group in a research note on Monday, December 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. Zacks Research lowered APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of APi Group in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.81.

About APi Group

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.