M&T Bank Corp Buys 627 Shares of APi Group Co. (NYSE:APG)

M&T Bank Corp increased its stake in shares of APi Group Co. (NYSE:APG) by 0.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 95,799 shares of the company’s stock after acquiring an additional 627 shares during the period. M&T Bank Corp’s holdings in APi Group were worth $3,315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of APG. Victory Capital Management Inc. raised its position in APi Group by 3.2% in the 4th quarter. Victory Capital Management Inc. now owns 208,042 shares of the company’s stock valued at $7,198,000 after purchasing an additional 6,531 shares during the last quarter. Chase Investment Counsel Corp bought a new position in APi Group in the 4th quarter valued at $2,017,000. Truist Financial Corp raised its position in shares of APi Group by 66.7% during the fourth quarter. Truist Financial Corp now owns 23,841 shares of the company’s stock worth $825,000 after acquiring an additional 9,540 shares during the last quarter. Harvest Fund Management Co. Ltd raised its position in shares of APi Group by 41.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 6,612 shares of the company’s stock worth $229,000 after acquiring an additional 1,937 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its position in shares of APi Group by 45.8% during the fourth quarter. Wolverine Asset Management LLC now owns 175,000 shares of the company’s stock worth $6,055,000 after acquiring an additional 55,000 shares during the last quarter. Institutional investors own 86.62% of the company’s stock.

Insider Transactions at APi Group

In other news, Director James E. Lillie sold 125,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the completion of the transaction, the director now directly owns 5,455,411 shares of the company’s stock, valued at $209,378,674.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director James E. Lillie sold 125,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $38.38, for a total transaction of $4,797,500.00. Following the completion of the transaction, the director now directly owns 5,455,411 shares of the company’s stock, valued at $209,378,674.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin Krumm sold 5,585 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.72, for a total value of $199,496.20. Following the transaction, the chief financial officer now directly owns 34,180 shares of the company’s stock, valued at $1,220,909.60. The disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on APG shares. UBS Group lifted their price objective on APi Group from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Jefferies Financial Group started coverage on APi Group in a research note on Friday, March 15th. They set a “buy” rating and a $48.00 price objective for the company. TheStreet cut APi Group from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. Barclays lifted their price objective on APi Group from $37.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Finally, Citigroup lifted their price objective on APi Group from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, APi Group currently has an average rating of “Moderate Buy” and an average target price of $44.29.

APi Group Stock Up 1.1 %

NYSE:APG opened at $37.82 on Wednesday. APi Group Co. has a 1 year low of $21.74 and a 1 year high of $39.98. The company has a current ratio of 1.35, a quick ratio of 1.26 and a debt-to-equity ratio of 1.14. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of -17.59, a PEG ratio of 1.09 and a beta of 1.62. The stock has a 50-day moving average price of $38.22 and a two-hundred day moving average price of $33.72.

APi Group (NYSE:APG) last posted its earnings results on Thursday, May 2nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. APi Group had a return on equity of 37.83% and a net margin of 2.49%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the firm earned $0.25 earnings per share. The company’s revenue was down .8% on a year-over-year basis. As a group, equities analysts expect that APi Group Co. will post 1.87 earnings per share for the current year.

APi Group Profile

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.