Oregon Public Employees Retirement Fund Has $2.56 Million Position in APi Group Corporation $APG

Oregon Public Employees Retirement Fund boosted its stake in shares of APi Group Corporation (NYSE:APG) by 50.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,550 shares of the company’s stock after purchasing an additional 24,850 shares during the period. Oregon Public Employees Retirement Fund’s holdings in APi Group were worth $2,562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APG. AQR Capital Management LLC purchased a new position in shares of APi Group during the 1st quarter valued at $650,000. Goldman Sachs Group Inc. boosted its position in APi Group by 73.6% during the first quarter. Goldman Sachs Group Inc. now owns 178,117 shares of the company’s stock valued at $6,369,000 after purchasing an additional 75,490 shares during the last quarter. Voya Investment Management LLC grew its stake in APi Group by 4.6% in the first quarter. Voya Investment Management LLC now owns 28,883 shares of the company’s stock valued at $1,033,000 after purchasing an additional 1,261 shares in the last quarter. NBC Securities Inc. increased its position in APi Group by 8.9% in the 2nd quarter. NBC Securities Inc. now owns 15,554 shares of the company’s stock worth $794,000 after purchasing an additional 1,266 shares during the last quarter. Finally, Fragasso Financial Advisors Inc acquired a new position in APi Group in the 2nd quarter worth about $311,000. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Insider Buying and Selling

In other APi Group news, Director Martin E. Franklin sold 340,000 shares of APi Group stock in a transaction that occurred on 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 transaction, the director directly owned 18,968,790 shares of the company’s stock, valued at $684,583,631.10. The trade was a 1.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Anthony E. Malkin purchased 3,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were acquired at an average price of $39.58 per share, with a total value of $118,740.00. Following the completion of the acquisition, the director owned 7,000 shares of the company’s stock, valued at approximately $277,060. The trade was a 75.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 7,000 shares of company stock worth $275,720 and sold 900,000 shares worth $32,342,000. Company insiders own 17.00% of the company’s stock.

APi Group Stock Performance

Shares of APG opened at $42.55 on Tuesday. The company has a market capitalization of $17.70 billion, a PE ratio of 116.06 and a beta of 1.70. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41. APi Group Corporation has a one year low of $20.50 and a one year high of $42.76. The company’s fifty day moving average price is $38.71 and its 200 day moving average price is $36.21.

APi Group (NYSE:APG) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.01 billion. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The firm’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. As a group, analysts expect that APi Group Corporation will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on APG shares. Zacks Research lowered APi Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. Barclays boosted their target price on shares of APi Group from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday, November 3rd. Citigroup restated a “buy” rating and set a $49.00 price target (up previously from $45.00) on shares of APi Group in a report on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of APi Group in a research note on Tuesday, December 23rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of APi Group in a research report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, APi Group presently has an average rating of “Moderate Buy” and a consensus price target of $39.38.

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.