Kennedy Capital Management LLC Has $7.55 Million Stock Holdings in APi Group Corporation $APG

Kennedy Capital Management LLC lifted its position in shares of APi Group Corporation (NYSE:APG) by 29.8% during the 4th quarter, Holdings Channel reports. The firm owned 197,402 shares of the company’s stock after purchasing an additional 45,270 shares during the quarter. Kennedy Capital Management LLC’s holdings in APi Group were worth $7,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC acquired a new position in shares of APi Group during the 4th quarter worth about $27,000. Clearstead Advisors LLC increased its stake in shares of APi Group by 105.7% during the 3rd quarter. Clearstead Advisors LLC now owns 831 shares of the company’s stock worth $29,000 after purchasing an additional 427 shares during the last quarter. Silicon Valley Capital Partners increased its holdings in shares of APi Group by 50.0% in the third quarter. Silicon Valley Capital Partners now owns 858 shares of the company’s stock valued at $29,000 after purchasing an additional 286 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of APi Group by 55.3% in the third 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, Caitong International Asset Management Co. Ltd increased its holdings in shares of APi Group by 1,851.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 761 shares of the company’s stock valued at $29,000 after purchasing an additional 722 shares during the last quarter. 86.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on APG. UBS Group upped their price objective on shares of APi Group from $54.00 to $56.00 and gave the company a “buy” rating in a report on Friday, May 1st. Royal Bank Of Canada upped their price objective on shares of APi Group from $45.00 to $53.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Truist Financial set a $55.00 price objective on shares of APi Group and gave the company a “buy” rating in a report on Friday, May 1st. Weiss Ratings downgraded shares of APi Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Finally, Robert W. Baird set a $52.00 price objective on shares of APi Group in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, APi Group presently has a consensus rating of “Moderate Buy” and an average price target of $52.14.

APi Group Trading Up 0.0%

APG opened at $42.34 on Monday. APi Group Corporation has a twelve month low of $31.75 and a twelve month high of $49.99. The company has a 50-day simple moving average of $43.99 and a 200 day simple moving average of $42.31. The company has a quick ratio of 1.36, a current ratio of 1.44 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $18.34 billion, a price-to-earnings ratio of -59.64, a P/E/G ratio of 2.48 and a beta of 1.60.

APi Group (NYSE:APG) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. APi Group had a net margin of 3.85% and a return on equity of 37.63%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the business posted $0.37 earnings per share. APi Group’s revenue was up 15.3% compared to the same quarter last year. Analysts predict that APi Group Corporation will post 1.7 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director James E. Lillie sold 59,461 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $45.50, for a total transaction of $2,705,475.50. Following the completion of the sale, the director owned 9,237,350 shares of the company’s stock, valued at $420,299,425. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 transaction of $84,160,000.00. Following the sale, the director directly owned 19,240,426 shares of the company’s stock, valued at $809,637,126.08. This represents a 9.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 6,444,000 shares of company stock valued at $271,537,645 over the last quarter. 18.70% of the stock is owned by company insiders.

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.