Mutual of America Capital Management LLC Has $5.88 Million Stock Position in APi Group Corporation $APG

Mutual of America Capital Management LLC increased its holdings in shares of APi Group Corporation (NYSE:APG) by 41.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 170,940 shares of the company’s stock after purchasing an additional 49,793 shares during the period. Mutual of America Capital Management LLC’s holdings in APi Group were worth $5,875,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in shares of APi Group in the first quarter valued at approximately $650,000. Goldman Sachs Group Inc. lifted its holdings in APi Group by 73.6% during the 1st 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. Wealth Enhancement Advisory Services LLC boosted its position in APi Group by 75.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 26,878 shares of the company’s stock worth $1,372,000 after purchasing an additional 11,533 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of APi Group by 6.7% in the second quarter. Public Employees Retirement System of Ohio now owns 77,802 shares of the company’s stock valued at $3,972,000 after purchasing an additional 4,919 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of APi Group in the second quarter valued at $1,276,000. Institutional investors and hedge funds own 86.62% of the company’s stock.

Insiders Place Their Bets

In other APi Group news, Director Martin E. Franklin sold 340,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were 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. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony E. Malkin bought 3,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average price of $39.58 per share, with a total value of $118,740.00. Following the completion of the transaction, the director directly owned 7,000 shares in the company, valued at approximately $277,060. This represents a 75.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 7,000 shares of company stock worth $275,720 and sold 900,000 shares worth $32,342,000. 17.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on APG. Weiss Ratings reiterated a “hold (c+)” rating on shares of APi Group in a research note on Monday, December 22nd. Citigroup restated a “buy” rating and set a $49.00 price objective (up previously from $45.00) on shares of APi Group in a report on Monday, January 12th. UBS Group set a $49.00 target price on APi Group and gave the stock a “buy” rating in a research note on Thursday, January 15th. Truist Financial lifted their price target on APi Group from $41.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, CJS Securities raised APi Group to a “strong-buy” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.24.

APi Group Trading Up 0.1%

Shares of NYSE:APG opened at $41.92 on Thursday. The company has a market capitalization of $17.43 billion, a P/E ratio of 114.32 and a beta of 1.70. APi Group Corporation has a 1 year low of $20.50 and a 1 year high of $43.26. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.48 and a quick ratio of 1.41. The business’s 50 day simple moving average is $39.99 and its 200 day simple moving average is $36.88.

APi Group (NYSE:APG) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.01 billion. APi Group had a return on equity of 21.86% and a net margin of 3.44%.The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. On average, research analysts anticipate that APi Group Corporation will post 1.83 EPS for the current fiscal year.

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.